Today’s mortgage rates fall by 20- and 10-year terms | June 29, 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 rates as of June 29, 2021, which have been mixed since yesterday. (iStock)

Based on data collected by Credible, mortgage rates have declined 20 and 10 years since yesterday and have remained stable over 30 and 15 years.

  • 30 year fixed mortgage rates: 2.750%, no change
  • Fixed rates on mortgages for 20 years: 2.625%, up from 2.750%, -0.125
  • Fixed rates on mortgages for 15 years: 2.125%, no change
  • 10 year fixed mortgage rates: 2.000%, compared to 2.125%, -0.125

Rates were last updated on June 29, 2021. These rates are based on the stated assumptions. here… Actual rates may vary.

After opening the week with a slight boost on Monday, 10-year mortgage rates fell again to 2,000%, representing a significant deal for home buyers looking to minimize interest expense over the life of their loans.

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.

Looking at today’s mortgage refinancing rates

Today’s mortgage refinancing rates have remained virtually unchanged since yesterday, with the exception of 30-year rates, which have declined slightly. Since mid-June, 30-year rates have fluctuated almost every day, and today they are again 2.750%. With 30 year mortgage refinancing rates well below 3,000%, homeowners looking to refinance at a lower rate while maintaining a low monthly payment have ample room for savings. If you are thinking of refinancing an existing home, check out what the refinancing rates look like:

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

Rates were last updated on June 29, 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.

Current mortgage rates

Today’s mortgage rates remain at historic lows, with rates across all maturities staying below 3,000% for most of 2021.

Current 30 Year Mortgage Rates

The current interest rate for a 30 year fixed rate mortgage is 2.750%. This is the same as yesterday.

Current 20 Year Mortgage Rates

The current interest rate for a 20 year fixed rate mortgage is 2.625%. This has not been the case since yesterday.

Current 15 Year Mortgage Rates

The current interest rate for 15 year fixed rate mortgages is 2.125%. This is the same as yesterday.

Current 10 Year Mortgage Rates

The current interest rate for a 10 year fixed rate mortgage is 2.000%. This has not been the case since yesterday.

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.

Prices were last updated on June 29, 2021. These rates are based on the assumptions shown. here… Actual rates may vary.

How mortgage rates have changed

Mortgage rates are down today compared to last week.

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

Rates were last updated on June 29, 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.

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 at a relatively stable level.

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’s wise to take a closer look and compare insurance 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 a safe 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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