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Look at the mortgage refinancing rates for March 2, 2021, which are mixed compared to yesterday. (iStock)
Based on data compiled by Credible Operations, Inc., NMLS number 1681276, the current refinancing figures show mixed results compared to yesterday’s. The average rates for 20-year mortgages fell slightly, while the 15-year mortgage loans rose. These inconsistent changes kept the average rate for all types of loans stable for the second consecutive day at 2.833%.
- 30-year fixed interest rate refinance: 3.125%, unchanged
- Fixed interest rate recovery for 20 years: 2,875%, down from 3,000%, -0,125
- 15-year fixed interest rate refinance: 2,500%, higher than 2,375%, +0,125
- Fixed interest rate refinancing for ten years: 2,375%, unchanged
Rates were last updated on March 2, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
If you are thinking of refinancing your home mortgage, consider using it credibly. Whether you are interested in saving money on your monthly mortgage loan, or refinancing a payout, Credible’s free online tool allows you to compare rates from multiple mortgage lenders. You can see pre-qualified rates within three minutes.
Current fixed refinancing rates for 30 years
The current rate for 30 years fixed rate refinancing is 3,125%. It’s the same as yesterday.
Current fixed refinancing rates of 20 years
The current rate for a refinancing of fixed interest rates for 20 years is 2.875%. It’s been from yesterday.
Current fixed refinancing rates of 15 years
The current rate for a 15-year fixed rate refinancing is 2,500%. It’s been from yesterday.
Current fixed refinancing rates for ten years
The current rate for a ten-year fixed interest rate refinancing is 2,375%. It’s the same as yesterday.
You can explore your mortgage refinancing options within minutes by visiting Credible to compare rates and lenders. Feel free to check out Credible and be pre-qualified.
Rates were last updated on March 2, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
How mortgage refinancing rates have changed
Today, refinancing rates for mortgage increases have risen compared to this time last week.
- 30 years fixed refinancing rates: 3.125%, compared to 3,000% last week, +0.125
- 20 years fixed refinancing rates: 2,875%, lower than 3,000% last week, -0.125
- Fixed refinancing rates of 15 years: 2,500%, compared to 2,375% last week, +0.125
- Fixed refinancing rates for ten years: 2.375%, same as last week
Think this might be the right time to refinance? Make sure you look around and compare rates with various mortgage lenders. You can easily do this with Credible and see your pre-qualified rates in just three minutes.
Rates were last updated on March 2, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
The factors behind today’s refinancing rates
Current refinancing rates, such as mortgage interest rates in general, are influenced by many economic factors, such as unemployment rates and inflation. But your personal financial history will also determine the rates offered to you when refinancing your mortgage.
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
How To Get Your Lowest Mortgage Refinancing Rate
If you are interested in refinancing your mortgage, you can secure a lower rate if you improve your credit score and pay off any other debt. It is also a good idea to compare rates from different lenders if you want to refinance so that you can find the best rate for your situation.
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 rate quotes, according to research by Freddie Mac. Credible can help you compare multiple money lenders at once.
If you decide to refinance your mortgage, make sure you compare rates from multiple mortgage lenders. You can do this easily with Credible’s free online tool and see your pre-qualified rates in just three minutes.
Credible also has a partnership with a home insurance broker. You can compare free home insurance quotes by Credible’s partner here. It is fast, easy and the whole process can be completed completely online.
Mortgage rates by type of loan
If you want a lower monthly payment for an existing home, Credible can help you keep track of current mortgage rates and find the right loan for your financial goals.
Before going to refinance mortgage files, you should check these loan rates, which you can compare with the annual percentage rate (APR) as well as the interest rate: