Don’t Miss Opportunity: Average Mortgage Refinancing Rates Remain at 180-Day Low | August 5, 2021

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Our goal here at Credible Operations, Inc., NMLS 1681276, hereinafter referred to as “Credible”, is to provide you with the tools and confidence you need to improve your finances. Although we promote the products of our lender partners who compensate us for our services, all opinions are ours.

Check out the mortgage refinancing rates as of August 5, 2021, which have barely changed since yesterday. (iStock)

According to data compiled by Credible, current mortgage refinancing rates have remained virtually unchanged from yesterday, with the exception of 30-year rates, which have risen. Despite this slight fluctuation, average mortgage refinancing rates for all maturities are the lowest since February.

  • 30 Years Fixed Rate Refinancing: 2.750%, up from 2.625%, +0.125
  • 20 year fixed rate refinancing: 2.500%, no change
  • 15 year fixed rate refinancing: 2.000%, no change
  • 10 year fixed rate refinancing: 2.000%, no change

Rates were last updated on August 5, 2021. These rates are based on the stated assumptions. here… Actual rates may vary.

Despite daily fluctuations, mortgage refinancing rates remain at historic lows for all terms. Homeowners looking to shorten maturities and lower interest rates while maintaining a lower monthly payment can find significant savings with 20 or 15 year refinancing. Both rates remained at just 2.000% for the week.

If you think about mortgage refinancing, consider using Credible. If you are interested in saving money on your monthly mortgage payments or are considering refinancing with cash payments, Free online tool Credible will allow you to compare rates from multiple mortgage lenders. You can see the pre-qualification in just three minutes.

Current 30-year fixed refinancing rates

The current 30-year fixed rate refinancing rate is 2.750%. It was yesterday.

Current 20-year fixed refinancing rates

The current 20-year fixed rate refinancing rate is 2.500%. This is the same as yesterday.

Current fixed refinancing rates for 15 years

The current 15 year fixed rate refinancing rate is 2.000%. This is the same as yesterday.

Current 10-year fixed refinancing rates

The current 10-year fixed rate refinancing rate is 2,000%. This is the same as yesterday.

You can explore your mortgage refinancing options in minutes by visiting Credible to compare rates and lenders. Check plausibility and pre-qualify today.

Rates were last updated on August 5, 2021. These rates are based on the stated assumptions. here… Actual rates may vary.

How the mortgage refinancing rates have changed

Today mortgage refinancing rates are the same as last week.

  • 30 year fixed refinancing rates: 2.750% same as last week
  • 20-year fixed refinancing rates: 2.500% same as last week
  • Fixed refinancing rates for 15 years: 2.000% same as last week
  • 10-year fixed refinancing rates: 2.000% same as last week

Do you think now is the right time to refinance? You can explore your mortgage refinancing options in minutes by visiting Credible to compare rates and lenders. Check plausibility and pre-qualify today.

Rates were last updated on August 5, 2021. These rates are based on the stated assumptions. here… Actual rates may vary.

Factors behind today’s refinancing rates

Current refinancing rates, like mortgage interest rates in general, depend on many economic factors such as unemployment and inflation. But your personal financial history will also determine the rates that you will be offered when refinancing your mortgage.

Larger economic factors

  • The strength of the economy
  • Inflation rate
  • Employment
  • Consumer expenses
  • Housing and other market conditions
  • Stock and Bond Markets
  • 10-Year Treasury Bond Yield
  • Federal Reserve Policy

Personal economic factors

How To Get The Lowest Mortgage Refinancing Rate

If you are interested in refinancing your mortgage, improve your credit rating and pay off any other debt. provide you with a lower rate… It’s also a good idea to compare rates from different lenders if you’re hoping to refinance to find the best rate for your situation.

According to research from Freddie Mac… Credible can help you compare multiple lenders at once in just a few minutes.

If you do decide to refinance your mortgage, be sure to review and compare rates from multiple mortgage lenders. You can it’s easy to do it with the free online tool Credible and you will see your preliminary bids in just three minutes.

Credible also works with a home insurance broker. You can compare for free home insurance quotes through partner Credible here… It’s fast, easy, and the entire process can be done completely online.

Mortgage rates by type of loan

If you are looking for lower monthly payments for your existing home, Credible can help you keep track of current mortgage rates and find the right loan for your financial goals.

Before you dive into mortgage refinancing, be sure to check out these lending rates, which you can compare at the annual interest rate (Annual interest rate), as well as the interest rate:

Have a financial question but don’t know who to contact? Email a Credible Money expert at moneyexpert@credible.com and Credible can answer your question in our Money Expert column.

As a reputable expert on mortgages and personal finance, Chris Jennings has covered topics such as mortgages, mortgage refinancing, and more. He has been an editor and assistant editor for personal finance on the Internet for four years. His work has been featured by MSN, AOL, Yahoo Finance and others.

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