Today's 20-Year Fixed Mortgage Rates

30-year mortgage rates stay about the same A fixed-rate mortgage is a home loan with an interest rate that doesn't change. Unlike an adjustable-rate mortgage, a fixed-rate mortgage means your interest rate – and ultimately your monthly payment – will remain the same throughout the life of the loan. Your interest rate is determined when you take out the loan. A 20-year fixed mortgage means you have 20 years to pay off your loan. The longer the length of the loan, the less your monthly payment will be, but the...