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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 our own.
Check out mortgage rates for January 21, 2021, which show mixed results compared to yesterday. (iStock)
According to data compiled by Credible Operations, Inc., NMLS number 1681276, mortgage rates have produced mixed results compared to yesterday.
- 30 Year Fixed Rate Mortgages: 2.625%, unchanged
- 20 Year Fixed Rate Mortgages: 2.375%, down 2.500%, -0.125
- 15 Year Fixed Rate Mortgages: 2,000%, up from 1,875%, +0,125
Rates last updated on January 21, 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 refinancing rates are largely unchanged from yesterday. Average mortgage refinancing rates for all types of loans were held at 2,500% for the third day in a row. If you are considering refinancing an existing home, find out what refinancing rates look like:
- 30-year fixed rate refinancing: 2.750%, unchanged
- 20-year fixed rate refinancing: 2.625%, unchanged
- Refinancing at a fixed rate over 15 years: 2.125%, unchanged
Rates last updated on January 21, 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 refinance mortgage 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 are now mixed. 20-year mortgage rates declined while 15-year mortgage rates increased from yesterday. Despite the fluctuation in rates today, the average rate for all types of loans remains at 2.333%.
Common 30 Year Fixed Rate Mortgages
The current interest rate for a 30 year fixed rate mortgage is 2.625%. It’s the same as yesterday.
20-year common fixed rate mortgages
The current interest rate for a 20 year fixed rate mortgage is 2.375%. This is down from yesterday.
15-year fixed rate mortgages outstanding
The current interest rate for a 15 year fixed rate mortgage is 2000%. This goes back to 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 January 21, 2021. These rates are based on the assumptions presented here. Actual rates may vary.
How mortgage rates have changed
Today, mortgage rates are down compared to the same period last week.
- 30 Year Fixed Rate Mortgages: 2.625%, the same as last week
- 20 Year Fixed Rate Mortgages: 2.375%, compared to 2.625% last week, -0.250
- 15 Year Fixed Rate Mortgages: 2,000%, the same as last week
Rates last updated on January 21, 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 if you 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.
Factors driving current mortgage rates
Current 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.
More important economic factors
- Strength of the economy
- Inflation rate
- Employment
- Consumer spending
- Housing construction and other market conditions
- Stock and bond markets
- 10-year Treasury yields
- Federal Reserve policies
Personal economic factors
- Credit score
- Credit history
- Deposit size
- Loan to value ratio
- Type, amount and term of loan
- Debt to Income Ratio
- Property location
How to get your lowest mortgage rate
If you want low mortgage rates, improving your credit score and paying off any other debt could guarantee you a lower rate. The size of your down payments also affects mortgage rates, with a small down payment likely to earn you a higher rate.
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 one additional rate – 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 matches your financial goals.
Be sure to 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:
More resources to get a mortgage
Want to learn more about how to get a mortgage? Take a look at the following articles:
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