Today’s mortgage rates: 20-year rates fall, the rest remain the same | July 6, 2021

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Check out the mortgage rates as of July 6, 2021, which are largely unchanged from last Friday. (iStock)

According to data compiled by Credible, mortgage rates have barely changed since last Friday, with the exception of 20-year rates that fell.

  • 30 year fixed mortgage rates: 2.875%, no change
  • Fixed rates on mortgages for 20 years: 2.625%, up from 2.750%, -0.125
  • Fixed rates on mortgages for 15 years: 2.250%, unchanged
  • 10 year fixed mortgage rates: 2.125%, no change

Rates were last updated on July 6, 2021. These rates are based on the stated assumptions. here… Actual rates may vary.

What does it mean: All-term mortgage rates continue to be at historic lows. Rates for 30 years have remained below 3% for 13 consecutive days. Homebuyers looking to purchase a home for a shorter period of time can find a special deal with 20-year rates that are dropping today. The 15-year and 10-year rates fluctuate from day to day, but have not changed since last Friday.

To find the best mortgage rate, start by using Credible, which can show you the current mortgage and refinancing rates:

Review rates from multiple lenders so you can make an informed home loan decision.

Credible, the personal finance marketplace, has 4,500 reviews on Trustpilot with an average rating of 4.7 (out of a possible 5.0).

Looking at today’s mortgage refinancing rates

Mortgage refinancing rates after three maturities are on a downward trend last week, including 30-year rates that fell below 3% this week. Rates for 20-year and 10-year terms fell for the first time in three days, while 15-year rates have been held at 2.125% for three consecutive days. If you are thinking of refinancing an existing home, check out what the refinancing rates look like:

  • 30 year fixed refinancing rates: 2.875%, up from 3.000%, -0.125
  • 20-year fixed refinancing rates: 2.750%, up from 2.875%, -0.125
  • Fixed refinancing rates for 15 years: 2.125%, no change
  • 10-year fixed refinancing rates: 2.125%, up from 2.250%, -0.125

Rates were last updated on July 6, 2021. These rates are based on the stated assumptions. here… Actual rates may vary.

A site like Credible can be of great help when you’re ready to compare mortgage refinancing loans. Credible allows you to see prequalified rates for conventional mortgages from multiple lenders within minutes. Visit Credible Today to start.

Credible has been rated 4.7 stars (out of a possible 5.0) on Trustpilot and has over 4,500 reviews from customers who safely compared preliminary ratings.

How to get low mortgage rates

Mortgage and refinancing rates depend on many economic factors such as unemployment and inflation. But your personal financial history will also be determine the rates that you are offered

If you want the lowest possible monthly mortgage payment, follow these steps to get a lower home loan rate:

It’s also a good idea to compare rates from different lenders to find the best rate for your financial goals. According to research Freddie Macborrowers 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.

The trustworthy one can help you compare current rates from multiple mortgage lenders in just a few minutes. Do you want to refinance your existing home? Use Credible’s online tools to compare rankings and prequalify today.

Current mortgage rates

Mortgage rates have remained at historic lows throughout the year. The average mortgage interest rate today is only 2.469%.

Current 30 Year Mortgage Rates

The current interest rate for a 30 year fixed rate mortgage is 2.875%. This is the same as last Friday. Thirty years is the most common mortgage loan repayment term because 30 year mortgages usually give you a lower monthly payment. But they also usually have higher interest rates, which means that you will end up paying more interest over the life of the loan.

Current 20 Year Mortgage Rates

The current interest rate on a 20 year fixed rate mortgage is 2.625%. This is less than last Friday. Shortening your maturity by just 10 years could mean you get a lower interest rate – and pay less in total interest over the life of the loan.

Current 15 Year Mortgage Rates

The current interest rate for 15 year fixed rate mortgages is 2.250%. This is the same as last Friday. A fifteen-year mortgage is the second most common mortgage term. A 15-year mortgage can help you get a lower rate than a 30-year term and pay less interest over the term of the loan, while keeping your monthly payments manageable.

Current 10 Year Mortgage Rates

The current interest rate for a 10 year fixed rate mortgage is 2.125%. This is the same as last Friday. 10-year fixed-rate mortgages, although less common than 30-year and 15-year mortgages, generally yield lower interest rates and lifetime interest costs, but a higher monthly mortgage payment.

You can explore your mortgage options in minutes by visiting Credible to compare the current rates of various lenders who offer mortgage refinancing as well as home loans. Check plausibility and pre-qualify today and take a look at today’s refinancing rates from the link below.

Thousands of Trustpilot reviewers have rated Credible excellent.

Rates were last updated on July 6, 2021. These rates are based on the stated assumptions. here… Actual rates may vary.

How mortgage rates have changed

Mortgage rates are up today compared to last week.

  • 30 year fixed mortgage rates: 2.875%, up from 2.750% last week, +0.125
  • Fixed rates on mortgages for 20 years: 2.625%, unchanged from last week
  • Fixed rates on mortgages for 15 years: 2.250%, up from 2.125% last week, +0.125
  • 10 year fixed mortgage rates: 2.125%, up from 2.000% last week, +0.125

Rates were last updated on July 6, 2021. These rates are based on the stated assumptions. here… Actual rates may vary.

If you are trying to find a suitable mortgage rate or want to refinance an existing home, consider using Credible. You can use the free online tool Credible to easily compare multiple lenders and see prequalified rates in just a few minutes.

With over 4,500 reviews, Credible has an “excellent” rating from Trustpilot.

Forecast of mortgage rates in 2021

Researchers from Freddie Mac Mortgage rates are expected to rise slightly throughout 2021, citing the Federal Reserve’s commitment to keeping interest rates low for the foreseeable future.

Fannie Mae Researchers expect mortgage rates to be slightly higher this year, citing continued gains in 10-year Treasury yields. Ultimately, however, Fannie Mae experts believe that lenders will “absorb” some of the increased costs, as “demand for refinancing is gradually weakening,” keeping rates relatively stable.

Here are predictions of what 30-year fixed rates will look like before the end of the year:

Freddie Mac

  • Q2 (April to June): 2.9%
  • III quarter (July-September): 3.0%
  • Q4 (October to December): 3.0%

Fannie Mae

  • Q2 (April to June): 2.8%
  • Q3 (July to September): 2.9%
  • Q4 (October to December): 2.9%

How accurate were their predictions?

Actual average 30-year fixed rate in the first quarter (January to March): 2.877%

  • Freddie Mac’s forecast: 2.9%
  • Fannie Mae forecast: 2.7%

Want to lower your home insurance rate?

A home insurance policy can help cover unforeseen expenses that you may incur while owning a home, such as structural damage and destruction or theft of personal property. Coverage can vary widely among lenders, so it is wise to take a closer look and compare the policy quotes.

Credible partners 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.

Have a financial question but don’t know who to contact? Write to the Safe Money Specialist 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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