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Our goal here at Credible Operations, Inc., NMLS number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders, all opinions are ours.
View mortgage rates for April 1, 2021, which are unchanged from yesterday. (iStock)
According to data compiled by Credible Operations, Inc., NMLS number 1681276, mortgage rates have remained largely unchanged since yesterday.
- 30-year fixed mortgage rates: 3.125%, unchanged
- 20-year fixed mortgage rates: 2.875%, unchanged
- Fixed mortgage rates over 15 years: 2.375%, unchanged
- 10-year fixed mortgage rates: 2.125%, down 2.250%, -0.125
Rates last updated on April 1, 2021. These rates are based on the assumptions presented here. Actual rates may vary.
To find the best mortgage rate, start by using Credible, which can show you current mortgage and refinance rates:
Browse the rates of several lenders so you can make an informed decision about your home loan.
A look at current mortgage refinancing rates
Today’s mortgage refinance rates are largely unchanged from yesterday – with the exception of 10-year rates which have fallen slightly. Meanwhile, average 15-year loan rates have not budged 2,500% in 10 consecutive days. If you are considering refinancing an existing home, find out what refinancing rates look like:
- 30-year fixed rate refinancing: 3.250%, unchanged
- 20-year fixed rate refinancing: 3.000%, unchanged
- Refinancing at a fixed rate over 15 years: 2.500%, unchanged
- 10-year fixed rate refinancing: 2.250%, down from 2.375%, -0.125
Rates last updated on April 1, 2021. These rates are based on the assumptions presented here. Actual rates may vary.
A site like Credible can be of great help when you are ready to compare mortgage refinancing loans. Credible allows you to view pre-qualified rates for conventional mortgages from multiple lenders within minutes. Visit Credible today to get started.
Current mortgage rates
Mortgage interest rates remained stable while 10-year rates declined.
Current 30-year mortgage rates
The current interest rate for a 30 year fixed rate mortgage is 3.125%. It’s the same as yesterday.
Current 20-year mortgage rates
The current interest rate for a 20 year fixed rate mortgage is 2.875%. It’s the same as yesterday.
Current 15-year mortgage rates
The current interest rate for a 15 year fixed rate mortgage is 2.375%. It’s the same as yesterday.
Current 10-year mortgage rates
The current interest rate for a 10 year fixed rate mortgage is 2.125%. This is down from 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 out Credible and get prequalified today, and take a look at current refinance rates via the link below.
Rates last updated on April 1, 2021. These rates are based on the assumptions presented here. Actual rates may vary.
How mortgage rates have changed
Today, mortgage rates are up slightly compared to the same period last week.
- 30-year fixed mortgage rates: 3.125%, the same as last week
- 20-year fixed mortgage rates: 2.875%, compared to 2.750% last week, +0.125
- Fixed mortgage rates over 15 years: 2.375%, the same as last week
- 10-year fixed mortgage rates: 2.125%, the same as last week
Rates last updated on April 1, 2021. These rates are based on the assumptions presented here. Actual rates may vary.
If you are trying to find the right rate for your mortgage or are looking to refinance an existing home, consider using Credible. You can use Credible’s free online tool to easily compare multiple lenders and see pre-qualified rates within minutes.
Mortgage rate forecast in 2021
While it’s impossible to fully predict what mortgage rates will look like in the future, experts can analyze several key indicators to predict future rate trends.
Are you wondering if you should wait to refinance or buy a home? Take a look at what researchers Freddie Mac and Fannie Mae think rates will look like the rest of the year. Keep in mind that the rates you actually qualify for will be determined by things like your credit score and down payment percentage in addition to the current rates, so actual rates will vary.
Freddie Mac’s Mortgage Rate Forecast
Researchers at Freddie Mac expect mortgage rates to rise slightly throughout 2021, citing the Federal Reserve’s commitment to keep interest rates low for the foreseeable future.
Here is Freddie Mac’s forecast for what 30-year fixed rates will look like for the rest of the year:
- Q2 (April to June): 2.9%
- Q3 (July to September): 3.0%
- Q4 (October to December): 3.0%
Fannie Mae Mortgage Forecast
Fannie Mae researchers predict that mortgage rates will trend up slightly this year, citing a continued rise in the yield on 10-year Treasuries. Ultimately, however, experts at Fannie Mae believe lenders will “absorb” some of the high costs as “demand for refinancing gradually declines” – keeping rates relatively stable.
Based on January rates, here’s what economists at Fannie Mae predict 30-year fixed rates will look like the rest of 2021:
- Q2 (April to June): 2.8%
- Q3 (July to September): 2.9%
- Q4 (October to December): 2.9%
How to get low mortgage rates
Mortgage and refinancing rates are affected by many economic factors, such as unemployment and inflation. But your personal financial history will also determine the rates you are offered.
If you want to get the lowest possible monthly mortgage payment, taking the following steps can help you get a lower rate on your home loan:
It’s also a good idea to compare the rates of different lenders to find the best rate for your financial goals. According to a study by Freddie Mac, borrowers can save an average of $ 1,500 over the life of their loan by purchasing a single additional rate quote – and an average of $ 3,000 by comparing five quotes.
Credible can help you compare the current rates of multiple mortgage lenders at once in just a few minutes. Are you looking to refinance an existing home? Use Credible’s online tools to compare rates and get prequalified today.
Mortgage interest rates by type of loan
Whether you’re a first-time home buyer looking for a 30- or 15-year mortgage, or looking to refinance an existing home, Credible can help you find the mortgage that meets your financial goals.
Before completing your mortgage application, check out these loan rates, which you can compare by annual percentage rate (APR) as well as by interest rate:
Mortgage refinancing:
Buying a house:
Have a financial question, but don’t know who to ask? Email the Credible Money Expert at [email protected] and your question can be answered by Credible in our Money Expert section.
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