Mortgage rates can be different depending on the loan type. For instance, fixed-rate mortgages tend to be higher than adjustable-rate ones. However, adjustable-rate mortgages tend to have lower rates during a predetermined time, then fluctuates as it adjusts to current market conditions.  Generally, the shorter the amount of time to repay the loan, better known as the loan term, the lower the rate. So, 30-year mortgages usually have higher rates than 15 or 10-year mortgage rates.