Mortgage Refinancing Rates Held At 180-Day Lows Today | Jul 27, 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 July 27, 2021, which have not changed since yesterday. (iStock)

Current mortgage refinancing rates are the lowest in six months, according to data compiled by Credible. Refinancing rates for 30, 20 and 10 years remain unchanged for three consecutive business days.

  • 30 Years Fixed Rate Refinancing: 2.750%, no change
  • 20 year fixed rate refinancing: 2.625%, no change
  • 15 year fixed rate refinancing: 2.125%, no change
  • 10 year fixed rate refinancing: 2.000%, no change

Rates were last updated on July 27, 2021. These rates are based on the stated assumptions. here… Actual rates may vary.

All mortgage refinancing rates remain at record lows. But homeowners looking for shorter-term refinancing have a particular opportunity for savings. Both 10-year and 15-year rates remained at around 2,000% for most of July. For example, homeowners who bought in January 2020 when the 30-year flat rate mortgage averaged 3.620% (according to Freddie Mac), can reduce their rate by almost 2,000% through refinancing for a 10-year period.

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%. This is the same as yesterday.

Current 20-year fixed refinancing rates

The current 20-year fixed rate refinancing rate is 2.625%. This is the same as yesterday.

Current fixed refinancing rates for 15 years

The current 15-year fixed rate refinancing rate is 2.125%. 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 July 27, 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 have increased significantly compared to that time last week.

  • 30 year fixed refinancing rates: 2.750% up from 2.625% last week, +0.125
  • Fixed refinancing rates for 20 years: 2.625%, up from 2.375% last week, +0.250
  • Fixed refinancing rates for 15 years: 2.125%, up from 2.000% last week, +0.125
  • 10-year fixed refinancing rates: 2.000% same as last week

If you think refinancing is the right move, consider using Credible. You can use the free online tool Credible Easily compare multiple mortgage refinance lenders and see prequalified rates in just three minutes.

Rates were last updated on July 27, 2021. These rates are based on the stated assumptions. here… Actual rates may vary.

Factors underlying 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 offered to you 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.

Borrowers can save an average of $ 1,500 over the life of the loan by making a purchase at just one additional rate, and an average of $ 3,000 by comparing five rate quotes, 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. If you are looking for the best price on home insurance and considering changing your provider, consider using an online broker. You can compare rates from the leading insurance companies in your area – it’s fast, easy, and the whole 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 your question can be answered by Credible in our Money Expert column.

As a reputable expert on mortgages and personal finance, Chris Jennings has covered topics such as mortgage loans, 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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