Mortgage and Refinancing Rates Today, May 17 | Stable rates



Today’s mortgage and refinancing rates

Average mortgage rates fell last Friday. It was the long awaited end of the week after four consecutive days of ups.

It seems that today mortgage rates will remain unchanged or practically unchanged. In the latter case, a slight increase is more likely. But the markets could change direction in the coming hours.

Find and lock in a low rate (June 14, 2021)

Current mortgage and refinancing rates

Program Mortgage rate Annual interest rate * Change
Regular 30-year fixed 3.061% 3.066% Without changes
Regular 15 year fixed 2,281% 2.399% Without changes
Regular 20 year fixed 2.781% 2.873% Without changes
Regular 10 year fixed 1.942% 2.108% Without changes
30 year fixed FHA 2.813% 3.47% Without changes
15 year fixed FHA 2,498% 3.099% Without changes
5 years ARM FHA 2.5% 3.201% + 0.01%
30-year fixed VA 2.497% 2.671% Without changes
15 year fixed VA 2.25% 2.571% Without changes
5 years of ARM VA 2.5% 2,379% + 0.01%
Rates are provided by our partner network and may not reflect the market. Your rating may be different. Click here for a personalized quote… See our rate suggestions here

Find and lock in a low rate (June 14, 2021)

COVID-19 Mortgage News: Mortgage lenders are changing rates and rules due to COVID-19. For the latest information on how the coronavirus can affect your home loan, Click here

Should you fix your mortgage rate today?

Mortgage rates are about the same as in the last week of April. Since then, we’ve seen many ups and downs. But a firm direction of movement did not appear.

I think there are more ups in the coming weeks than more downs. And my instinct is to be careful. So I’m locking it up soon. But I wouldn’t do that on days when a fall seems likely. And you can look at things in a very different way.

But my personal recommendations for blocking speed remain:

  • LOCK if closing 7 days
  • LOCK if closing fifteen days
  • LOCK if closing thirty days
  • LOCK if closing 45 days
  • LOCK if closing 60 days

However, I do not pretend to be perfect foresight. And your personal analysis may turn out to be as good as mine – or even better. So you can be guided by your instincts and personal risk tolerance.

Market Data Affecting Today’s Mortgage Rates

Here’s a snapshot of the game state this morning at about 9:50 am ET. The data, compared to about the same time last Friday, were as follows:

  • IN profitability of 10 year Treasurys increased to 1.64% from 1.63% (Bad for mortgage rates.) More than in any other market, mortgage rates tend to follow these specific Treasury bond yields, although this has become less recently.
  • Major stock indices were lower when opened. (Suitable for mortgage rates.) When investors buy stocks, they often sell bonds, which lowers their value and increases yields and mortgage rates. The opposite can happen when the indices are lower.
  • Oil prices rose to $ 65.71 from $ 64.81 per barrel. (Bad for mortgage rates *.) Energy prices play a big role in creating inflation, and also indicate future economic activity.
  • Gold prices rose to $ 1,854 from $ 1,841 an ounce. (Neutral for mortgage rates*.) In general, it is better for betting when gold is rising and worse when gold is falling. Gold tends to rise when investors are worried about the economy. And worried investors tend to cut rates
  • CNN’s Business Fear and Greed Index – Rose to 40 from 38 out of 100. (Bad for mortgage rates.) “Greedy” investors lower bond prices (and raise interest rates) when they leave the bond market and go into stocks, while “fearful” investors do the opposite. Hence, lower values ​​are better than higher ones.

* Change in gold prices of less than $ 20 or 40 cents for oil is a 1% share. Thus, we consider significant differences to be only good or bad for mortgage rates.

Caveats regarding markets and rates

Before the pandemic and the Federal Reserve’s intervention in the mortgage market, you could look at the numbers above and make a pretty good guess about what would happen to mortgage rates that day. But this is no longer the case. We still call every day. And they are usually right. But our accuracy record won’t reach its previous high level until things settle down.

Therefore, use the markets only as a rough guide. Because they must be exceptionally strong or weak in order to rely on them. But, with this caveat, for now Mortgage rates today are likely to remain at the same level or slightly on either side of the neutral line. However, keep in mind that intraday swings (when the rates change direction during the day) are commonplace right now.

Find and lock in a low rate (June 14, 2021)

Important Notes About Today’s Mortgage Rates

Here’s what you need to know:

  1. Typically, mortgage rates rise when the economy is doing well and fall when it is in trouble. But there are exceptions. To read ‘How mortgage rates are determined and why you should care
  2. Only top tier borrowers (with great credit ratings, large down payments, and very healthy finances) get the ultra-low mortgage rates you’ll see in advertisements.
  3. Lenders vary. Yours may or may not follow the crowd when it comes to daily rate moves – although they all tend to follow a broader trend over time.
  4. When daily rate changes are minor, some lenders adjust closing costs and leave their price lists unchanged.
  5. Refinancing rates are usually close to those for purchases. But some types of refinancing are higher after regulatory changes.

So there’s a lot going on here. And no one can claim to know with certainty what will happen to mortgage rates in the coming hours, days, weeks or months.

Are mortgage and refinancing rates rising or falling?

Today etc

Are we seeing a return in volatility? That’s when assets like stocks and bonds change their value dramatically and often. We are definitely seeing this in the stock markets. But could this soon affect bonds, including mortgage-backed securities that drive mortgage rates?

You might argue that this has already happened, albeit to a limited extent. Last week we saw a sharper rise (and a sharper decline in the previous week) than we are used to. But these ups and downs almost counterbalanced each other. And mortgage rates closed last Friday only marginally higher than on Friday two weeks earlier.

But impermanence is a sign of insecurity and fear. And this is not good.

I believe that in the future we are much more likely to see overall growth than decline. Fear of inflation and the natural upward pressure on these rates that the improved economy brings are likely to stimulate growth.

Yes, there are potential threats that could disrupt this scenario. But they seem much less likely.

For more information, check out our latest release of this report over the weekend


For most of 2020, the overall trend in mortgage rates was clearly downward. According to Freddie Mac, a new weekly low was set 16 times last year.

The most recent weekly record low was on January 7, when it was 2.65% for 30-year fixed rate mortgages. But then the trend changed and rates rose.

However, in April these rallies were largely replaced by declines, although they have slowed since the middle of that month. In Freddie’s May 13 report, this figure for the week is 2.94% (with 0.7 commission and points), down from 2.96% in the previous week. But keep in mind that Freddie’s methodology means he’ll pretty much miss a lot of growth this week. Indeed, by the day of publication on Thursday, the rates were noticeably higher.

Expert mortgage rate forecasts

Looking ahead, Fannie Mae, Freddie Mac and the Mortgage Bankers Association (MBA) have a team of economists monitoring and predicting what will happen to the economy, the housing sector, and mortgage rates.

And here are their current forecasts of rates for the remaining quarters of 2021 (2/21 quarter, 3/21 quarter, 4/21 quarter) and for the first quarter of 2022 (1/22 quarter).

The numbers in the table below refer to fixed rate mortgages for 30 years. Freddie was updated on April 14, Fannie on April 12, and MBA on April 22.

Forecaster 2 quarter 21 years 3 quarter 21 years 4 quarter / 21 years Q1 / 22
Fannie Mae 3.2% 3.3% 3.4% 3.5%
Freddie Mac 3.2% 3.3% 3.4% 3.5%
MBA 3.4% 3.6% 3.7% 3.9%

However, given so many unknowns, current projections may be even more speculative than usual. But, if any of these predictions prove to be true, rates will at some point have to rise rapidly during the remaining six weeks of the current quarter (Q2).

Find your lowest rate today

Some lenders were scared by the pandemic. And they limit their offers to only the tastiest mortgages and refinancing.

But others remain brave. And you can still find the cash advance refinancing, investment mortgage, or large loan you need. You just need to shop more broadly.

But of course, you should compare purchases widely, no matter what kind of mortgage you want. As a federal regulator Consumer Financial Protection Bureau He speaks:

Finding a mortgage can lead to real savings. It may not seem like much, but saving even a quarter of a percent on a mortgage will save you thousands of dollars during the term of your loan.

Confirm New Bid (14 June 2021)

Mortgage rate methodology

Mortgage reports get rates based on selected criteria from several credit partners every day. We get the average rate and annual interest rate for each loan type displayed in our chart. Since we average a set of rates, this gives you a better idea of ​​what you can find in the market. In addition, we average rates for the same loan types. For example, FHA is fixed with fixed FHA. The end result is a good snapshot of daily rates and how they change over time.


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