insiderblmBased on data compiled by Credible Operations, Inc., NMLS Number 1681276, mortgage rates have fallen since yesterday.
- 30-year fixed-rate mortgages: 2.375%, Down from 2.500%, -0.125
- 20-year fixed-rate mortgages: 2.375%, Down from 2.500%, -0.125
- 15-year fixed-rate mortgages: 1.875%, Unchanging
Looking at today’s mortgage refinance rates
Today’s mortgage refinance rates have fallen since yesterday, thanks to a drop in 20-year fixed refinance rates. Mortgage refinance rates today are now at the lowest seen in 55 consecutive days. If you’re considering refinancing an existing home, check out what refinance rates look like:
- 30-year fixed-rate refinance: 2.750%, Unchanging
- 20-year fixed-rate refinance: 2.625%, Down from 2.750%, -0.125
- 15-year fixed-rate refinance: 2.250%, Unchanging
Current mortgage rates
Mortgage interest rates hit an unprecedented low yesterday, but today’s rates have dropped even further. Average rates across 30-year, 20-year, and 15-year fixed mortgages reached 2.208% today — a new 55-day low.
Current 30-year fixed-rate mortgages
The current interest rate for a 30-year fixed-rate mortgage is 2.375%. This is down from yesterday.
Current 20-year fixed-rate mortgages
The current interest rate for a 20-year fixed-rate mortgage is 2.375%. This is down from yesterday.
Current 15-year fixed-rate mortgages
The current interest rate for a 15-year fixed-rate mortgage is 1.875%. This is the same as yesterday.
How mortgage rates have changed
Today, mortgage rates are down compared to this time last week.
- 30-year fixed-rate mortgages: 2.375%, down from 2.625% last week, -0.250
- 20-year fixed-rate mortgages: 2.375%, down from 2.625% last week, -0.250
- 15-year fixed-rate mortgages: 1.875%, down from 2.000% last week, -0.125
The factors behind today’s mortgage rates
Current mortgage and refinance rates are affected by many economic factors, like unemployment numbers and inflation. But your personal financial history will also determine the rates you’re offered.
Larger economic factors
- Strength of the economy
- Inflation rates
- Employment
- Consumer spending
- Housing construction and other market conditions
- Stock and bond markets
- 10-year Treasury yields
- Federal Reserve policies
Personal economic factors
- Credit score
- Credit history
- Down payment size
- Loan-to-value ratio
- Loan type, size, and term
- Debt-to-income ratio
- Location of the property
How to get your lowest mortgage rate
If you want low mortgage rates, improving your credit score and paying down any other debt could secure you a lower rate. The size of your down payments also affects mortgage rates, with a low down payment likely to yield you a higher rate.
