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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.
View mortgage rates for January 15, 2021, which are unchanged from yesterday. (iStock)
According to data compiled by Credible Operations, Inc., NMLS number 1681276, mortgage rates have remained unchanged since yesterday.
30 Year Fixed Rate Mortgages: 2.625%, unchanged
20 Year Fixed Rate Mortgages: 2.625%, unchanged
15 Year Fixed Rate Mortgages: 2,000%, unchanged
Rates last updated on January 15, 2021. These rates are based on the assumptions presented here. Actual rates may vary.
To find the best mortgage rate, start by using Credible. Credible can show you the current mortgage rates for conventional loans from several lenders and help you make an informed decision about your home loan.
A look at current mortgage refinancing rates
Today’s mortgage refinance rates were relatively unchanged from yesterday, except for 15-year rates, which rose for the second day in a row. Average rates for all loan types jumped 125 basis points week over week, the biggest jump since December 4, 2020. If you’re considering refinancing an existing home, find out what the rates look like of refinancing:
- 30-year fixed rate refinancing: 2.750%, unchanged
- 20-year fixed rate refinancing: 2.625%, unchanged
- 15-year fixed rate refinancing: 2.250%, up from 2.125%, + 0.125
Rates last updated on January 15, 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 rates of all types have not budged since yesterday, with average rates extending its stay at 2.417% for the fifth day in a row.
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 2.625%. It’s the same as yesterday.
15-year fixed rate mortgages outstanding
The current interest rate for a 15 year fixed rate mortgage is 2000%. It’s the same as yesterday.
You can explore your mortgage options in minutes by visiting Credible to compare current rates from various lenders. Discover Credible and get prequalified today.
Rates last updated on January 15, 2021. These rates are based on the assumptions presented here. Actual rates may vary.
How mortgage rates have changed
Today, mortgage rates are up from the same time last week.
- 30 Year Fixed Rate Mortgages: 2.625%, compared to 2.500%, +0.125
- 20 Year Fixed Rate Mortgages: 2.625%, versus 2.375%, + 0.250
- 15 Year Fixed Rate Mortgages: 2,000%, up from 1,875%, +0,125
Rates last updated on January 15, 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, 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. Use Credible’s online tools 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.
Be sure to check out these loan rates, which you can compare by Annual Percentage Rate (APR) as well as by interest rate:
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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