Today’s Mortgage Rates Are At Their Lowest In 3 Weeks | April 7, 2021


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See mortgage rates for April 7, 2021, which are trending downward since yesterday. (iStock)

According to data compiled by Credible Operations, Inc., NMLS Number 1681276, mortgage rates have fallen since yesterday, and 30-year rates fell for the first time in 20 days.

  • 30-year fixed mortgage rates: 3,000%, down 3.125%, -0.125
  • 20-year fixed mortgage rates: 2,750%, unchanging
  • Fixed 15-year mortgage rates: 2,250%, down from 2,375%, -0.125
  • 10-year fixed mortgage rates: 2,000%, below 2,000%, -0.125

Rates last updated April 7, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

To find the best mortgage rate, start by using Credible, which can show you current mortgage and refinance rates:

Look up rates from various lenders so you can make an informed decision about your home loan.

Looking at today’s mortgage refinance rates

Today’s mortgage refinance rates have been virtually unchanged from yesterday, ending their three-day downward slope. Average refinance rates continue to hover around historical and monthly lows at just 2,688%. If you are considering refinancing an existing home, check out what refinance rates look like:

  • 30-year fixed refinance rates: 3.125%, unchanging
  • Fixed 20-year refinance rates: 2.875%, unchanging
  • Fixed 15-year refinance rates: 2,500%, unchanging
  • Fixed 10-year refinance rates: 2,250%, unchanging

Rates last updated April 7, 2021. These rates are based on the assumptions shown here. Actual fees may vary.

A site like Credible can be of great help when you are ready to compare home refinance loans. Credible allows you to view prequalified rates for conventional mortgages from various lenders, all in a few minutes. Visit Credible today to get started.

Current mortgage rates

Average mortgage interest rates on all types of loans have sunk to 2,500% today, which is significantly lower than last week’s average of 2,656%.

Current 30-year mortgage rates

The current interest rate for a 30-year fixed-rate mortgage is 3,000%. This is less than yesterday.

Current 20-year mortgage rates

The current interest rate for a 20-year fixed-rate mortgage is 2,750%. This is the same as yesterday.

Current 15-year mortgage rates

The current interest rate for a 15-year fixed rate mortgage is 2,250%. This is less than yesterday.

Current 10-year mortgage rates

The current interest rate for a 10-year fixed rate mortgage is 2,000%. This is less than yesterday.

You can explore your mortgage options in minutes by visiting Credible to compare current rates from various lenders offering home refinancing and home loans. Take a look at Credible and get prequalified today, and take a look at today’s refinance rates via the link below.

Rates last updated April 7, 2021. These rates are based on the assumptions shown here. Actual fees may vary.

How Mortgage Rates Have Changed

Today, mortgage rates are down on all types of loans compared to last week.

  • 30-year fixed mortgage rates: 3,000%, down from 3.125% last week, -0.125
  • 20-year fixed mortgage rates: 2,750%, down from 2,875% last week, -0.125
  • Fixed 15-year mortgage rates: 2,250%, down from 2.375% last week, -0.125
  • 10-year fixed mortgage rates: 2,000%, down from 2,250% last week, -0,250

Rates last updated April 7, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

If you are trying to find the correct rate for your home mortgage or looking to refinance an existing home, consider using Credible. You can use Credible’s free online tool to easily compare multiple lenders and view prequalified rates in just a few minutes.

The forecast of mortgage rates in 2021

While it is impossible to fully predict what mortgage rates will look like in the future, experts can analyze several key indicators to predict future rate trends.

Wondering if you should wait to refinance or buy a home? Take a look at what the Freddie Mac and Fannie Mae researchers think the rates will be for the rest of the year. Keep in mind that the rates you actually qualify for will be determined by factors such as your credit score and down payment percentage, in addition to current rates, so actual rates will vary.

Freddie Mac Mortgage Rate Forecast

Researchers at Freddie Mac expect mortgage rates to increase slightly throughout 2021, citing the Federal Reserve’s commitment to keep interest rates low for the foreseeable future.

Here are Freddie Mac’s predictions for what the 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

Researchers at Fannie Mae anticipate that mortgage rates will trend slightly higher this year, citing a continued rise in the yield on 10-year Treasuries. Ultimately, however, Fannie Mae experts believe that lenders will “absorb” some of the high costs as “refinance demand gradually wanes,” keeping rates relatively stable.

Based on the January rates, here’s what Fannie Mae economists predict the 30-year fixed rates will look like for the remainder of 2021:

  • Q2 (April to June): 2.8%
  • Q3 (July to September): 2.9%
  • Fourth quarter (October to December): 2.9%

How to Get Low Mortgage Rates

Mortgage and refinance rates are affected by many economic factors, such as unemployment figures and inflation. But your personal financial history will also determine the rates they offer you.

If you want the lowest possible monthly mortgage payment, taking the following steps can help you secure 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 research by Freddie Mac, borrowers can save $ 1,500 on average over the life of their loan by purchasing just one additional rate quote, and an average of $ 3,000 by comparing five rate quotes.

Credible can help you compare current rates from multiple mortgage lenders at once in just a few minutes. 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 right mortgage for your financial goals.

Before completing your mortgage application, check out these loan rates, which you can compare by annual percentage rate (APR) and interest rate:

Mortgage refinancing:

Homebuying:

Have a finance-related question, but don’t know who to ask? Email The Credible Money Expert at [email protected] and Credible might answer your question in our Money Expert column.

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