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Look at the mortgage rates for January 22, 2021 that are trending from yesterday. (iStock)
Based on data compiled by Credible Operations, Inc., NMLS number 1681276, mortgage rates have been declining since yesterday.
- Mortgages with a fixed interest rate of 30 years: 2,500%, down from 2,625%, -0.125
- 20-year fixed interest rate bonds: 2.375%, unchanged
- Fixed interest rate mortgages for 15 years: 1,750%, down from 2,000, -0,250
Rates were last updated on January 22, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
To find the best mortgage rate, start with Credible, which can show you the current mortgage and refinancing rate:
Browse through rates of various lenders so you can make an informed decision about your home loan.
View Current Mortgage Refinancing Rates
Today’s refinancing rates have fallen sharply since yesterday. The average rates for loans for 15 years fell to 1.875%, a new low of 107 days, while the refinancing figures of 30 years traced back to the lows recorded in early January. If you are considering refinancing an existing home, look at what refinancing figures look like:
- 30-year fixed interest rate refinance: 2,625%, down from 2,750%, -0.125
- Fixed interest rate recovery for 20 years: 2.625%, unchanged
- 15-year fixed interest rate refinance: 1,875%, down from 2,125%, -0,250
Rates were last updated on January 22, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
A website like Credible can be a great help if you are ready to refinance mortgage lending. With Credible you can see pre-qualified rates for conventional mortgage loans from multiple lenders within minutes. Visit Credible today to get started.
Current mortgage rates
Today’s mortgage rates have fallen, with average 15-year rates falling to 1,750%, a new low of 107 days. Average rates on loans of 30 years, 20 years and 15 years have also fallen since yesterday to just 2.208%.
Current 30-year fixed-rate mortgages
The current interest rate for a thirty year fixed rate bond is 2,500%. It’s been from yesterday.
Current 20-year fixed interest rate bonds
The current interest rate for a 20-year fixed-rate mortgage is 2.375%. It’s the same as yesterday.
Current 15-year fixed interest rate mortgages
The current interest rate for a 15-year fixed-rate mortgage loan is 1,750%. It’s been from yesterday.
You can explore your mortgage options within minutes by visiting Credible to compare the current rates of different lenders offering mortgage refinancing as well as home loans. Check out Credible and qualify today in advance, and check out today’s refinancing rates via the link below.
Rates were last updated on January 22, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
How mortgage rates have changed
Today, mortgage rates are lower compared to this time last week.
- Mortgages with a fixed interest rate of 30 years: 2,500%, lower than 2,625% last week, -0.125
- 20-year fixed interest rate bonds: 2.375%, lower than 2,625% last week, -0.250
- Fixed interest rate mortgages for 15 years: 1,750%, lower than 2,000% last week, -0,250
Rates were last updated on January 22, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
If you want to find the right rate for your home mortgage or want to refinance an existing home, consider using it credibly. You can use Credible’s free online tool to easily compare multiple lenders and see pre-qualified rates within minutes.
The factors behind today’s mortgage rates
Current mortgage and refinancing rates are affected by many economic factors, such as unemployment rates and inflation. But your personal financial history also determines the rates you offer.
Greater economic factors
- Strength of the economy
- Inflation rates
- Employment
- Consumer spending
- Housing construction and other market conditions
- Stock and bond markets
- 10-year Treasury returns
- Federal Reserve Policy
Personal economic factors
- Credit score
- Credit history
- Installment size
- Loan-to-value ratio
- Type of loan, size and term
- Debt-to-income ratio
- Location of the property
How to get your lowest mortgage rate
If you want low mortgage rates, you can secure a lower rate if you improve your credit score and pay off any other debt. The size of your installments also has an impact on the mortgage rate, with a low installment likely to yield you higher.
It is also a good idea to compare rates from different lenders to find the best rate for your financial goals. According to research by Freddie Mac, borrowers can save an average of $ 1,500 over the term of their loan by buying just one additional rate quote – and an average of $ 3,000 by comparing five rates.
Credible can help you compare the current rates of multiple mortgage lenders simultaneously within minutes. Do you want to refinance an existing home? Use Credible’s online tools to compare rates and qualify in advance today.
Mortgage rates by loan type
Whether you’re a first time homebuyer buying a 30 or 15 year mortgage, or you want to refinance an existing home, Credible can help you find the right mortgage for your financial goals.
Note the following loans, which you will be able to compare with the annual percentage rate (APR) as well as the interest rate:
Mortgage refinancing:
Home purchase:
More resources to get a home loan
Want to learn more about how to get a mortgage? Check out the following articles: