Today’s mortgage and refinancing rates: July 10, 2021

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Mortgage rates today: July 10, 2021

Mortgage type Average rating today
15 year fixed 2.36%
30 year fixed 3.28%
7/1 ARM 4.39%
10/1 ARM 4.01%
FHA 30 2.62%
VA mortgage 2.73%

Regular bets from Money.com; government-backed rates of RedVentures.

Refinancing rates today: July 10, 2021

Mortgage type Average rating today
15 year fixed 2.60%
30 year fixed 3.69%
7/1 ARM 4.13%
10/1 ARM 4.27%
FHA 30 2.66%
VA mortgage 2.76%

Regular bets from Money.com; government-backed rates of RedVentures.

Mortgage interest rate forecast

The US economy was going through the COVID-19 pandemic, and as a result, mortgage rates remained low. There is speculation that mortgage rates may start to rise as the economy improves steadily.

US employment figures are improving, which could mean higher mortgage rates in the future. But for mortgage rates to react, the country probably needs to experience longer-term, more stable upswings. Last week, 373,000 Americans have applied for unemployment insurance, which surpassed the estimate of 350 thousand.

Inflation also rose, which could cause a sharp jump in mortgage rates in the long term. IN

The federal reserve
predicts that high inflation is a temporary reaction however, companies reopening after Americans are vaccinated.

The June CPI Survey, a common tool for measuring inflation, comes out on Monday. The results could give Americans a better idea of ​​trends in mortgage rates at the end of 2021.

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