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Look at the mortgage rates for January 4, 2021 that have been declining since last Wednesday. (iStock)
Based on data compiled by Credible Operations, Inc., NMLS number 1681276, mortgage rates have been declining since last Wednesday.
- Mortgages with a fixed interest rate of 30 years: 2,500%, unchanged
- 20-year fixed interest rate bonds: 2,250%, down from 2,375%, -0,125
- Fixed interest rate mortgages for 15 years: 1.875%, unchanged
Rates were last updated on January 4, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
Start using credible to find the best mortgage rate. Credible can show you the current mortgage rate for conventional loans from multiple lenders and help you make an informed decision regarding your home loan.
View Current Mortgage Refinancing Rates
Today’s refinancing rates have remained largely unchanged since last Wednesday. Mortgage refinancing rates remain at historic lows, with 30-year rates standing at 2.625% for 30 consecutive days, and 15-year rates remaining at 2.125% for 25 consecutive days. If you are considering refinancing an existing home, look at what refinancing figures look like:
- 30-year fixed interest rate refinance: 2.625%, unchanged
- Fixed rate refinancing for 20 years: 2.625%, unchanged
- 15-year fixed interest rate refinance: 2.125%, unchanged
Rates were last updated on January 4, 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 within minutes minutes pre-qualified rates for conventional mortgage loans from multiple lenders. Visit Credible today to get started.
Current mortgage rates
The new year today brings a slight drop in the mortgage interest rate with 20-year rates that have fallen by 0.125 percentage points since last Wednesday. Meanwhile, interest rates of 30 years and 15 years stand at unprecedented lows.
Current 30-year fixed-rate mortgages
The current interest rate for a thirty year fixed rate bond is 2,500%. It’s the same as last Wednesday.
Current 20-year fixed interest rate bonds
The current interest rate for a fixed-rate mortgage of 20 years is 2,250%. It’s lower than last Wednesday.
Current 15-year fixed interest rate mortgages
The current interest rate for a fixed interest rate loan of 15 years is 1.875%. It’s the same as a Wednesday.
You can explore your mortgage options within minutes by visiting Credible to compare the current rates of different lenders. Feel free to check out Credible and be pre-qualified.
Rates were last updated on January 4, 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%, same as last week
- 20-year fixed interest rate bonds: 2,250%, down from 2,375% last week, -0,125
- Fixed interest rate mortgages for 15 years: 1.875%, same as last week
Rates were last updated on January 4, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
If you are trying to find the right rate for your home mortgage, consider using credible. 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 that you are likely to yield 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. Use Credible’s online tools 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:
More resources to get a home loan
Want to learn more about how to get a mortgage? Check out the following articles: