Today’s mortgage refinancing rates fall below 3% for 22 consecutive days | August 4, 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 August 4, 2021, which have not changed since yesterday. (iStock)

Based on data compiled by Credible, current mortgage refinancing rates are at historic lows, with an average refinancing rate of just 2.281% – the lowest level for the entire year.

  • 30 Years Fixed Rate Refinancing: 2.625%, no change
  • 20 year fixed rate refinancing: 2.500%, no change
  • 15 year fixed rate refinancing: 2.000%, no change
  • 10 year fixed rate refinancing: 2.000%, no change

Rates were last updated on August 4, 2021. These rates are based on the stated assumptions. here… Actual rates may vary.

Today’s mortgage refinancing rates represent a bargain for homeowners looking to refinance for any maturity. They can be especially attractive to homeowners looking to refinance a variable rate mortgage (ARM) into a fixed rate mortgage. These homeowners can maintain a low monthly payment and still receive long-term interest savings by taking on a fixed mortgage for 30 or 20 years.

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 2.625%. This is the same as yesterday.

Current 20-year fixed refinancing rates

The current 20-year fixed rate refinancing rate is 2.500%. This is the same as yesterday.

Current fixed refinancing rates for 15 years

The current 15 year fixed rate refinancing rate is 2.000%. 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 August 4, 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 are mixed compared to that time last week.

  • 30 year fixed refinancing rates: 2.625%, up from 2.750% last week, -0.125
  • Fixed refinancing rates for 20 years: 2,500%, up from 2.625% last week, -0.125
  • Fixed refinancing rates for 15 years: 2.000% same as last week
  • 10-year fixed refinancing rates: 2.000% same as last week

Do you think now is the right time to refinance? To understand how much you can save on your monthly mortgage payments by refinancing right now, calculate numbers and compare rates using the free online tool Credible… In a few minutes you will see what several mortgage lenders are offering.

Rates were last updated on August 4, 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 that you will be offered 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.

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’re 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 mortgages, 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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