Compare Current 10-Year Mortgage Rates
See your best 10-year interest rate offers on LendingTree today — when banks compete, you win.
Current 10-year mortgage rates
| Loan amount | Min. APR | Max. APR | Average APR |
|---|---|---|---|
| $200,000 or less | 5.16% | 6.90% | 5.89% |
| $200,001 – $300,000 | 5.22% | 6.61% | 5.58% |
| $300,001 – $400,000 | 4.88% | 7.13% | 5.45% |
| $400,001 – $500,000 | 4.88% | 6.75% | 5.49% |
| More than $500,000 | 4.75% | 5.79% | 5.11% |
10-year rates disclaimer
Current 10-year refinance rates
| Loan amount | Min. APR | Max. APR | Average APR |
|---|---|---|---|
| $200,000 or less | 5.50% | 7.31% | 6.61% |
| $200,001 – $300,000 | 4.75% | 7.38% | 6.49% |
| $300,001 – $400,000 | 4.75% | 7.38% | 6.35% |
| $400,001 – $500,000 | 4.75% | 7.32% | 6.34% |
| More than $500,000 | 4.63% | 7.41% | 6.27% |
10-year rates disclaimer
Compare 10-year rates against other loan terms
| Loan Product | Interest Rate | APR |
|---|---|---|
| 30-year fixed rate | 6.28% | 6.44% |
| 15-year fixed rate | 5.42% | 5.65% |
| FHA 30-year fixed rate | 5.77% | 6.44% |
| 30-year 5/1 ARM | 6.12% | 6.59% |
| VA 30-year 5/1 ARM | 4.94% | 5.51% |
| VA 30-year fixed rate | 5.59% | 5.77% |
| VA 15-year fixed rate | 5.04% | 5.41% |
Average rates disclaimer
Are 10-year mortgage rates going up or down?
Rates on 10-year mortgages will likely drop slowly over the rest of 2026, though there may be some volatility on the journey there.
The Federal Reserve cut the federal funds rate three times in 2025, but right now it looks like they may not make any cuts in 2026. As a result, for now we expect average 30-year mortgage rates to remain between 6% and 7% for most of the year, with some short-lived drops below the 6% threshold. Since 10-year mortgage rates are typically lower than both 30- and 15-year rates, we could see 10-year rates fall even further under the 6% threshold and end the year well below it.
Read LendingTree’s mortgage interest rates forecast to learn how current rates can affect your homebuying decisions.
Best 10-year mortgage lenders
Out of LendingTree’s pool of reviewed lenders, only two advertised that they offer 10-year mortgages. However, other top lenders may be open to offering shorter terms if you speak with a loan officer.
- Offers a variety of loans and loan terms
- Allows you to apply online
- Provides rates on its website
- Serves all 50 states and the District of Columbia
- Doesn’t offer USDA loans
- Doesn’t offer home equity lines of credit (HELOCs)
- Doesn’t operate brick-and-mortar locations
Rocket Mortgage offers some great perks, including a lender-paid credit for up to 1.50% of your loan amount if you use Rocket Homes to find your home and Rocket Mortgage to finance it. Because Rocket offers a wide variety of loan options — like programs compatible with down payment assistance, VA loans for military borrowers and Native American home loans — there’s something for everyone.
You’ll have the best chance of qualifying for a mortgage with Rocket Mortgage if you have a 70% loan-to-value (LTV) ratio or better, according to nationwide data from 2024. That year, Rocket Mortgage denied about 18% of applicants who had a debt-to-income (DTI) ratio above 40%.
Read more about how we chose our best 10-year mortgage lenders.
- Offers a wide variety of loan programs and loan term options
- Willing to approve qualified borrowers with a 500 credit score for an FHA loan
- Offers an online application
- Doesn’t offer rate information for 10-year loans on its website
- Doesn’t have branches you can visit in person
- Has relatively expensive rates and fees
AmeriSave Mortgage offers a variety of less-common mortgage loan terms, including 10-, 15-, 20- and 25-year options. It’s also more flexible than some of its competitors when it comes to credit score minimums for FHA loans.
Should you choose a 10-year mortgage?
A shorter mortgage term typically means you pay much less in interest overall — that’s the appeal of going with a 10-year mortgage rather than the traditional 15-year or 30-year mortgage options. Because you’re paying off the loan faster, lenders will likely quote you a lower interest rate.
This shorter loan term can bring down your total loan costs dramatically, but the trade-off is a significantly higher monthly payment. For example, the monthly principal and interest payment on a $280,000 mortgage could be around $1,755 if you choose a 30-year term. But with a 10-year term, the payments shoot up to around $3,168 per month.
So, is a 10-year mortgage worth it? If you can comfortably afford the monthly payments, it can make financial sense to go with a 10-year term because you’ll save big on interest over the long haul. But if making the payments will be a struggle, it’s probably worth choosing a longer loan term to give yourself more flexibility.
Pros and cons of a 10-year mortgage
Pros
- You can expect a lower interest rate. Interest rates for 10-year mortgages usually trend lower than for longer-term loans.
- You’ll build equity quickly. Since you’re paying off the loan relatively quickly, you’re also building home equity at a much faster pace.
- You’ll save on interest charges. A lower interest rate combined with a shorter term typically means significant savings on interest charges over the life of your loan.
Cons
- Your monthly payments will be higher. A payment that stretches your budget to the max could become unaffordable if you face financial stress. It can also make it harder to qualify, since the bigger payment will give you a higher DTI ratio.
- You’ll have less buying power. You might not qualify for as much house as you could have with a 30-year loan, because the mortgage payments will be more expensive.
- You’ll have less financial flexibility. Having a 10-year mortgage means you’ll make large payments every month, without fail. If you choose a 30-year mortgage, you can enjoy lower payments anytime you need to — and you’ll always have the option to pay off the loan early.
- Your tax deductions will be smaller. You won’t be able to deduct as much mortgage interest on your taxes over the years, as you won’t be paying as much interest.
How to get the best 10-year mortgage rates
-
Strengthen your credit score: The best mortgage rates go to the borrowers with the strongest financial profiles, especially when they have high credit scores. Take some time to improve your score before applying for a loan if it needs some work.
Don’t know your credit score? LendingTree Spring can deliver it to your inbox, along with personalized insights for improvement. - Determine how much you can afford: 10-year mortgages typically come with high monthly payments. Use a home affordability calculator to determine the payment size that fits comfortably within your budget.
- Shop around: Gather quotes from multiple lenders. Taking the time to complete this step could save you tens of thousands of dollars over your loan’s lifetime.
- Get preapproved: Getting a mortgage preapproval from your chosen lender is the best way to receive an accurate estimate for what you can afford.
Frequently asked questions
Yes, 10-year fixed-rate mortgages usually offer interest rates that are lower than 30-year mortgages.
A good 10-year mortgage rate is the lowest rate that you can qualify for. Look into what different mortgage lenders advertise, apply with multiple lenders to compare offers and then take the best one. Shopping around for a mortgage can save you tens of thousands of dollars over the life of your loan.
To qualify for a 10-year mortgage, you’ll need to prove you can afford the payments. For a conventional mortgage, you’ll also need at least a 3% down payment, 2% to 5% for closing costs and a 620 credit score. Read about the minimum mortgage requirements for different loan types to get a better idea of whether you might qualify.
Lenders determine the mortgage rates they offer by reviewing overall economic conditions, as well as your individual financial profile. Economic conditions include factors like inflation and the rates set by the Federal Reserve. Personal financial profiles include credit scores and debt-to-income (DTI) ratios.
How LendingTree chose the best 10-year mortgage lenders
We reviewed more than 40 lenders to determine our picks for the mortgage lenders. LendingTree reviews and fact-checks our top lender picks annually by gathering loan program and requirement details directly from lenders and analyzing data from the Home Mortgage Disclosure Act (HMDA) government database.
We review five key factors: loan programs offered, digital application availability and ease of use, product and lending information accessibility, in-person branch footprint, and LendingTree’s expert star rating.
LendingTree best lender criteria
LendingTree experts considered the range of loan programs offered by each individual lender. This ensures the lender offers a variety of options to users for their chosen loan type so customers can choose the best loan for them.
The loan types LendingTree assessed include:
To be considered as a potential best lender pick by LendingTree experts, the lender must provide users with an online loan application experience that is relatively easy to follow and complete.
This means the lender must provide a user-friendly website and make their customer service contact information easy to find online.
To qualify for “best lender” consideration by LendingTree experts, the lender must provide users with an online experience that helps borrowers make sense of the mortgage lending process.
This means the lender must provide free, online learning materials to help homebuyers understand the lender’s offered products, basic loan qualification requirements and high-level rates information.
Lenders must offer mortgages in at least 35 states across the U.S. to be considered as a best lender pick. This allows a wider range of users to potentially choose the lender for their home loan, improving accessibility when customers need to contact the lender or get a rate quote.
For lenders to qualify for consideration as a best lender pick, they must have at least a four-star lender review rating from LendingTree experts. This rating indicates that the lender meets most, if not all, of the five criteria considered when assigning ratings. Here is the LendingTree star rating system for this year:
- Publishes rates online (+1 star)
- Offers standard mortgage products (+1 star)
- Includes detailed product info online (+1 star)
- Shares resources about mortgage lending (+1 star)
- Provides an online application (+1 star)
LendingTree mortgage experts’ process for choosing best lenders
LendingTree gathers data directly from lenders through their websites, disclosures and, in some cases, direct communication with company representatives. Lenders that clearly present product details and terms are viewed more favorably in our evaluation.
The LendingTree editorial team applies consistent criteria to every lender. We also verify and update information periodically. Lenders cannot pay to influence our ratings. Read LendingTree’s editorial guidelines for more information.
Why trust LendingTree’s methodology?
As the lead editor for all purchase, refinance and home equity content, Crissinda relies on her 14+ years of personal finance experience to manage a team of staff writers and contributors who create consumer-friendly guides.
Together, the team aims to make LendingTree a reliable and helpful resource for readers as they navigate the complex mortgage lending process.
