Today’s mortgage refinancing rates: longer maturities fluctuate, shorter maturities remain

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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, all opinions are ours.

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Check out the mortgage refinancing rates for August 13, 2021, which look ambiguous from yesterday. (iStock)

According to data compiled by Credible, one key mortgage refinancing rate rose, one fell and two remained unchanged from yesterday’s rate.

  • 30 Years Fixed Rate Refinancing: 2.875%, up from 2.750%, +0.125
  • 20 year fixed rate refinancing: 2.625%, up from 2.750%, -0.125
  • 15 year fixed rate refinancing: 2.125%, no change
  • 10 year fixed rate refinancing: 2.125%, no change

Rates were last updated on August 13, 2021. These rates are based on the stated assumptions. here… Actual rates may vary.

With today’s 20-year refinancing rates at near-record lows of 2.625%, homeowners looking to refinance for a shorter term while keeping their monthly payments manageable may find that term for a special bargain. Meanwhile, 15-year and 10-year rates have held steady at 2.125% for five consecutive days.

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 2.625%. This has not been the case since yesterday.

Current 15-year fixed refinancing rates

The current 15-year fixed rate refinancing rate is 2.125%. This is the same as yesterday.

Current 10-year fixed refinancing rates

The current 10-year fixed rate refinancing rate is 2.125%. 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 13, 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 have increased compared to that time last week.

  • 30 year fixed refinancing rates: 2.875%, up from 2.750% last week, +0.125
  • 20-year fixed refinancing rates: 2.625%, up from 2.500% last week, +0.125
  • Fixed refinancing rates for 15 years: 2.125%, up from 2.000% last week, +0.125
  • 10-year fixed refinancing rates: 2.125%, up from 2.000% last week, +0.125

Do you think now is the right time to refinance? Be sure to review and compare rates with multiple mortgage lenders. You can it’s easy to do it with Credible and you will see your preliminary bids in just three minutes.

Rates were last updated on August 13, 2021. These rates are based on the stated assumptions. here… Actual rates may vary.

Factors behind 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 so you can 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. 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.

Annual Interest Rate vs Interest Rate: What’s the Difference?

When you buy a mortgage or refinancing loan, you will often see the terms of the annual interest rate and interest rate arise. They are similar, but not interchangeable.

The interest rate is the cost that the lender will charge annually to lend you money. The Annual Percentage Rate (APR) includes the interest rate and other fees and charges associated with your loan.

Typically, the annual interest rate gives you a better idea of ​​the true cost of the loan, as it takes into account all the costs associated with borrowing money. For a mortgage or refinance, these costs may include discount points, commissions, and other fees.

When you apply for a loan, you will usually be able to find the interest rate on the first page of your loan estimate, and the annual interest rate later in the document listed in the Comparisons section.

Have a financial question but don’t know who to contact? Email a Credible Money expert at moneyexpert@credible.com and your question can be answered by Credible in our Money Expert column.

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