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Look at the refinancing rates for mortgage loans for March 19, 2021, which rose yesterday – with one exception. (iStock)
Based on data compiled by Credible Operations, Inc., NMLS number 1681276, current refinancing rates have reached the highest average since March, on the loan terms compared below. However, fixed refinancing rates for 30 years hold for three consecutive days.
- 30-year fixed interest rate refinance: 3.250%, unchanged
- Fixed interest rate recovery for 20 years: 3,000%, higher than 2,875%, +0,125
- 15-year fixed interest rate refinance: 2,625%, higher than 2,500%, +0,125
- Fixed interest rate refinancing for ten years: 2,500%, higher than 2,375%, +0,125
Rates were last updated on 19 March 2020. 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 lets you compare the rates of 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 3,250%. It’s the same as yesterday.
Current 20-year fixed refinancing rates
The current rate for a 20-year fixed-rate refinancing is 3,000%. It’s been from yesterday.
Current fixed refinancing rates of 15 years
The current rate for a 15-year fixed rate refinancing is 2.625%. It’s been from yesterday.
Current fixed refinancing rates for ten years
The current rate for a ten-year fixed rate refinancing rate is 2,500%. It’s been from yesterday.
Think this might be the right time to refinance? Make sure you look around and compare rates with various mortgage lenders. You can do this easily with Credible and see your pre-qualified rates in just three minutes.
Rates were last updated on 19 March 2020. These rates are based on the assumptions shown here. Actual rates may vary.
How mortgage refinancing rates have changed
Today, mortgage refinancing rates have risen across the board compared to this time last week.
- 30 years fixed refinancing rates: 3.250%, compared to 2,875% last week, +0.375
- 20 years fixed refinancing rates: 3,000%, compared to 2,750% last week, +0,250
- Fixed refinancing rates of 15 years: 2,625%, compared to 2,250% last week, +0,375
- Fixed refinancing rates for ten years: 2,500%, compared to 2,000% last week, +0,500
Think this might be the right time to refinance? Make sure you look around and compare rates with various mortgage lenders. You can do this easily with Credible and see your pre-qualified rates in just three minutes.
Rates were last updated on 19 March 2020. 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 credit providers in a matter of minutes.
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 is also partnering with a home insurance broker. If you are looking for a better rate for home insurance and are considering switching from provider, consider using an online broker. You can compare quotes from top insurance companies in your area – it’s quick, 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: