Our purpose here at Credible Operations, Inc., NMLS number 1681276, which is referred to below as ‘credible’, is to provide you with the necessary tools and confidence to improve your finances. Although we borrow products from our partners, all opinions are our own.
Look at the mortgage rates for January 6, 2021, which are unchanged from yesterday. (iStock)
Based on data compiled by Credible Operations, Inc., NMLS number 1681276, the mortgage rate has remained unchanged since yesterday.
- Mortgages with a fixed interest rate of 30 years: 2,500%, unchanged
- 20-year fixed interest rate bonds: 2,375%, unchanged
- Fixed interest rate mortgages for 15 years: 1.875%, unchanged
Rates were last updated on January 6, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
Start using credible to find the best mortgage rate. Credibly, you can show the current mortgage rate for conventional loans from multiple lenders and help you make an informed decision about your home loan.
View Current Mortgage Refinancing Rates
Today’s refinancing rates have remained largely unchanged since yesterday. Fixed-term mortgage lending for 15-year interest rates rose about 2.125%, extending its record low to 27 consecutive days. The average for all mortgage refinancing rates is 2,458%. 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 interest rate recovery for 20 years: 2.625%, unchanged
- 15-year fixed interest rate refinance: 2.125%, unchanged
Rates were last updated on January 6, 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
Recently, there has been little movement below the rates, keeping the average for all mortgage interest rate types low at 2,250%.
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 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 fixed interest rate loan of 15 years is 1.875%. It’s the same as yesterday.
You can explore your mortgage options within minutes by visiting Credible to compare the current rates of different lenders. Check out Credible and qualify in advance today.
Rates were last updated on January 6, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
How mortgage rates have changed
Today, the mortgage rate is unchanged 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: 2.375%, same as last week
- Fixed interest rate mortgages for 15 years: 1.875%, same as last week
Rates were last updated on January 6, 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 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. 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: