Mortgage rates 5-year fixed
Best 5-year fixed mortgage rates
Every lender's advertised 5-year fixed rate, lowest first. Collected from each lender's own website every hour, or three times a day for a few lenders.
| Rank | Lender | Rate | Above lowest |
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Greyed-out rates couldn't be refreshed in the latest update, so they may be out of date.
/ shows how much a rate has moved in the last 7 days. Click a lender to see all its rates. Where a lender lists both posted and special-offer rates, this page shows the special-offer rate.
What is a 5-year fixed mortgage?
Your interest rate and payment stay the same for five years. It's a popular choice because it gives you predictable payments for a long stretch: you're protected if rates rise during the term, though you won't benefit if they fall.
Things to weigh
Breaking a fixed-rate mortgage early usually costs the greater of three months' interest or the interest rate differential (IRD), which can be large when several years are left on a five-year term. If you think you might move or refinance before the five years are up, compare the penalty against the rate savings with the penalty calculator.
To see what a rate means for your budget, try the monthly payment calculator.