Refinancing rates for 15-year, 10-year mortgages fall, others rise | Jul 14, 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 mortgage refinancing rates as of July 14, 2021, which are mostly up from yesterday. (iStock)

According to data compiled by Credible, current mortgage refinancing rates are up significantly from yesterday, with the exception of 15-year refinancing rates. This rate fell, falling below 10-year rates, which are usually the lowest.

  • 30 Years Fixed Rate Refinancing: 2.875%, up from 2.750%, +0.125
  • 20 year fixed rate refinancing: 2.875%, up from 2.750%, +0.125
  • 15 year fixed rate refinancing: 2.125%, up from 2.250%, -0.125
  • 10 year fixed rate refinancing: 2.250%, up from 2.125%, +0.125

Rates were last updated on July 14, 2021. These rates are based on the stated assumptions. here… Actual rates may vary.

Homeowners looking to maximize interest savings over the life of their mortgage usually refinance for a shorter term, which can provide a higher monthly payment. However, when 15-year rates fall below 10-year refinancing rates – as they have often done in recent weeks – homeowners can lower their interest rate, shorter maturities, and still maintain a more manageable monthly payment.

If you think about mortgage loan 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 2.875%. It was yesterday.

Current 20-year fixed refinancing rates

The current 20-year fixed rate refinancing rate is 2.875%. It was yesterday.

Current fixed refinancing rates for 15 years

The current 15-year fixed rate refinancing rate is 2.125%. This has not been the case since yesterday.

Current 10-year fixed refinancing rates

The current 10-year fixed rate refinancing rate is 2.250%. It was 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 14, 2021. These rates are based on the stated assumptions. here… Actual rates may vary.

How the mortgage refinancing rates have changed

Mortgage refinancing rates today are an unusually mixed bag compared to that time last week.

  • 30 year fixed refinancing rates: 2.875%, up from 2.990% last week, -0.115
  • Fixed refinancing rates for 20 years: 2.875%, up from 2.500% last week, +0.375
  • Fixed refinancing rates for 15 years: 2.125%, up from 2.250% last week, -0.125
  • 10-year fixed refinancing rates: 2.250%, unchanged from 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 July 14, 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
  • Work
  • 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 so you can 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 do it easily with the free online tool Credible and you will see your preliminary rates 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 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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