Rocket Mortgage Logo
  • Buy
    Get started

    Popular

    • Purchase loan options
    • Chat
    A woman with dark hair laughing while painting a bedroom. A graphic tag says "For renters".

    Turn your monthly rent into a head start on a home of your own

    Learn about RentRewards
    All calculators

    Popular

    • Home affordability calculator
    • Mortgage calculator
    • Rent vs. buy calculator
    • Amortization calculator
    • Down payment calculator
    Compra o vende una casa

    Popular

    • Cómo aumentar el valor de la vivienda: Una guía de 4 pasos
    • Casa inicial o casa definitiva: ¿Qué es lo mejor para ti?
    • ¿Cómo reparar tu puntuación de crédito cuando quieres comprar una casa?
    All articles

    Popular

    • Home buying process
    • First-time home buyers
    • Moving tips
    • Preparing to buy
    • Homeownership
    A woman with dark hair laughing while painting a bedroom. A graphic tag says "For renters".

    Turn your monthly rent into a head start on a home of your own

    Learn about RentRewards
  • Refinance
    Get started

    Popular

    • Refinance loan options
    • Chat
    All calculators

    Popular

    • Refinance calculator
    • Mortgage payoff calculator
    • Amortization calculator
    • Home equity calculator
    All articles

    Popular

    • Refinancing guide
    • Types of refinancing
    • Equity and home value
    • Debt consolidation
    Refinanciar una casa

    Popular

    • Refinanciación de préstamos FHA: Requisitos y beneficios
    • 10 preguntas que hacer al refinanciar
    • ¿Qué es un beneficio neto tangible?
  • Rates
    All purchase rates

    Popular

    • 30-year mortgage rates
    • FHA loan rates
    • VA loan rates
    A woman with dark hair laughing while painting a bedroom. A graphic tag says "For renters".

    Turn your monthly rent into a head start on a home of your own

    Learn about RentRewards
    All refinance rates

    Popular

    • 30-year refinance rates
    • FHA refinance rates
    • VA refinance rates
    Rate updates

    Popular

    • How the federal funds rate affects mortgage rates
    • How a fed rate drop affects home buyers and sellers
    • Should I lock in my mortgage rate today?
  • Loan options
    All home loans

    Popular

    • 30-year fixed
    • 15-year fixed
    • Adjustable-rate mortgage (ARM)
    • FHA loan
    • Home Equity Loan
    • HomeReady® and Home Possible®
    • Jumbo Smart
    • ONE+ by Rocket Mortgage®
    • VA loan
    A woman with dark hair laughing while painting a bedroom. A graphic tag says "For renters".

    Turn your monthly rent into a head start on a home of your own

    Learn about RentRewards
  • (888) 452-8179Phone Number
  • Sign inSign In
  • Apply now
Sign In
Phone Number(888) 452-8179
Apply now

For a better Rocket Mortgage® experience, switch browsers to Microsoft Edge, Google Chrome or Mozilla Firefox.

  1. Home
  2. /
  3. Learn
  4. /
  5. Loan types
  6. /
  7. Fixed rate mortgage tips

Fixed rate mortgage tips

Learn how this popular loan type works and what to expect

Couple snuggling and laughing together on couch.

Featured articles:

What is a 30-year fixed mortgage?

A 30-year fixed-rate mortgage is common among homeowners. Learn about a 30-year fixed mortgage so you can decide if it’s your best option.

15-year vs. 30-year mortgage comparison

A 15-year mortgage is paid over 15 years, while a 30-year mortgage is paid over 30 years. Understand the pros and cons of both loan terms.

Featured resources

An image of a beautiful luxury home, showcasing upscale residential architecture and real estate.

7-minute read

Fixed-rate mortgage benefits and options

A fixed-rate mortgage has an interest rate that never changes. Learn more about how these loans work and how they compare with adjustable-rate mortgages.

Read more

A woman sitting in a fancy room thinking something with a pen in hand while a man in background is talking on phone.

6-minute read

10-year mortgage rates: What to expect

A 10-year mortgage may come with lower interest rates than a 15- or 30-year mortgage. Learn what to expect with 10-year mortgage rates here.

Read more

A couple analyzing mortgage rates, possibly comparing options for home financing.

8-minute read

Fixed-rate HELOCs: What are they?

Lenders sometimes offer HELOC borrowers a choice between fixed-rate HELOCs and variable-rate HELOCs. Learn how fixed-rate options work and how to choose.

Read more

A white and grey two storey house with a broad driveway.

8-minute read

What is a 20-year mortgage, and should you consider one?

A 20-year fixed mortgage is a home loan with monthly payments to a lender over a 20-year term. Learn how 20-year mortgages compare to other loan terms.

Read more

1 of 1
Footer Rocket logo mark
Rocket Homes

Get a real estate agent handpicked for you and search the latest home listings.

Rocket Mortgage

Buy a home, refinance or manage your mortgage online with America's largest retail mortgage lender.*

Rocket Money

Save more, spend less, see everything, and take back control of your financial life.

Rocket Card

Earn up to 5% cash back in mortgage savings on every tap or swipe - using the card designed with home in mind.

Rocket Loans

Get a personal loan to consolidate debt, renovate your home and more.

Rocket Pro

Build and grow your wholesale lending business.

Rocket Mortgage
  • Buy a home
  • Refinance
  • Rates
  • Calculators
  • Loan options
  • Make a payment
  • About us
  • Careers
  • FAQs
  • Social impact
  • Press Room
Legal info
  • Terms of use
  • Disclosures and licenses
  • Privacy policy
  • Notice at collection
Support
  • Talk to us
  • Share your screen
  • Communication opt-out
  • Give us your feedback
  • Site accessibility
Youtube icon
Facebook icon
Instagram icon
LinkedIn icon
Download on the App Store.
Get it on Google Play.
Rocket mobile application

No. 1 in customer satisfaction
Most awarded brand for mortgage servicing

Rocket Mortgage has won more awards than any other brand in the J.D. Power U.S. Mortgage Servicer Satisfaction Studies between 2002 - 2024. Visit jdpower.com/awards for more information.

Equal housing opportunity logo.
J.D. Power for Customer Satisfaction since 1968

*Based on Rocket Mortgage data in comparison to public data records.

Rocket Mortgage, 1050 Woodward Ave., Detroit, MI 48226-1906

NMLS #3030. Go here for the Rocket Mortgage NMLS consumer access page.

©2000-2024 Rocket Mortgage, LLC. All rights reserved. Lending services provided by Rocket Mortgage, LLC, a subsidiary of Rocket Companies, Inc. (NYSE: RKT).

Rocket Mortgage, LLC, Rocket Homes Real Estate LLC, and RockLoans Marketplace LLC (doing business as Rocket Loans®) are separate operating subsidiaries of Rocket Companies, Inc. (NYSE: RKT). Each company is a separate legal entity operated and managed through its own management and governance structure as required by its state of incorporation and applicable legal and regulatory requirements.

Apple and the Apple logo are trademarks of Apple Inc. registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

Wear OS by Google and Google Play are trademarks of Google LLC.

 

Rocket Mortgage, LLC, Rocket Homes Real Estate LLC, Rocket Card, LLC, RockLoans Marketplace LLC (doing business as Rocket Loans) and Rocket Money, Inc. are separate operating subsidiaries of Rocket, LLC. Each company is a separate legal entity operated and managed through its own management and governance structure. Rocket Companies, Inc. (NYSE: RKT) is the sole managing member of Rocket, LLC.

 

Apple and the Apple logo are trademarks of Apple Inc. registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

 

Wear OS by Google and Google Play are trademarks of Google LLC.