Fifteen-Year Mortgage

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Fifteen-Year Mortgage

A mortgage with a maturity of 15 years. A 15-year mortgage usually has a higher payment than a 30-year mortgage because one pays a higher portion of the principal each month.
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Equity Indexes 10/31/2015 YTD Return S&P 500 2,079 1.00% Dow Jones Industrials 17,664 -0.90% NASDAQ Composite 5,054 6.70% NYSE Composite 10,461 -3.50% Dow Jones Total Stock Market 21,505 0.40% Dow Jones Transports 8,128 -11.10% Dow Jones Utilities 581 -6.10% Selected Interest Rates 10/31/2015 8/31/2015 Fed Funds Rate 0.07% 0.07% 3 Month Libor 0.33% 0.33% Prime Rate 3.25% 3.25% 15 Year Mortgage 2.98% 3.36% 30 Year Mortgage 3.76% 4.20% 1 Year ARM 2.54% 2.43% 3 Month Treasury Bill 0.08% 0.00% 3 Year Treasury Note 1.05% 0.92% 30 Year Treasury Bond 2.93% 2.87% 10 Year Inflation Indexed Treas.