Today’s mortgage rates are strong – with one exception. October 26, 2020


While reliable here our goal is to provide you with the tools and confidence necessary to improve your finances. Although we promote the products of our fellow lenders, all opinions are our own.

Check mortgage rates for October 26, 2020, unchanged from the previous week. (iStock)

Mortgage rates have remained largely unchanged since last week, with the exception of 15-year fixed rates, based on data compiled by Trusted Operations, Inc., NMLS number 1681276.

  • 30-Year Fixed Rate Mortgage: 2.750%, same as last week
  • 20-Year Fixed Rate Mortgage: 2.750%, same as last week
  • 15-Year Fixed Rate Mortgage: 2.250%, up from 2.125% last week, +0.125

The final rates were updated on October 26, 2020. These rates are based on the assumptions shown here. Actual rates may vary.

To find the best mortgage rate, start using a reliable one. Reliable can show you the current mortgage rate for traditional loans from many lenders and can help you make an informed decision about your home loan.

Given today’s mortgage refinance rate

Today’s mortgage refinance rates have risen substantially since last week, with 20-year and 15-year fixed mortgage refinance rates rising.

  • 30-year fixed-rate refinance: 3.000%, same as last week
  • 20-year fixed-rate refinance: 3.000%, up from 2.875% last week, +0.125
  • 15-year fixed-rate refinance: 2.625%, up from 2.375% last week, +0.25

The final rates were updated on October 26, 2020. These rates are based on the assumptions shown here. Actual rates may vary.

Although rates may fluctuate from day to day, both the mortgage rate and the mortgage refinance rate have been low overall.

When you are ready to compare mortgage refinance loans, a site like Reliable can be a great help. Credible allows you to see pre-determined rates for traditional mortgages from multiple lenders in just minutes. Visit Reliable today to get started.

Current mortgage rate

Today, mortgage interest rates have remained largely stable since last week, although rates for 15-year fixed-rate mortgages have risen.

Existing 30-Year Fixed Rate Mortgage

The current interest rate for a 30-year fixed-rate mortgage is 2.750%. Last week was the same at this time.

Current 20-Year Fixed Rate Mortgage

The current interest rate for a 20-year fixed-rate mortgage is 2.750%. Last week was the same at this time.

Current 15-Year Fixed Rate Mortgage

The current interest rate for a 15-year fixed-rate mortgage is 2.250%. This is up from last week.

You can find out your mortgage options in minutes by going reliable to compare current rates from various lenders. Check reliable and check in advance today.

The final rates were updated on October 26, 2020. These rates are based on the assumptions shown here. Actual rates may vary.

How Mortgage Rates Have Changed

Today, mortgage rates are unchanged compared to last Friday:

  • 30-Year Fixed Rate Mortgage: 2.750%, immutable
  • 20-Year Fixed Rate Mortgage: 2.750%, immutable
  • 15-Year Fixed Rate Mortgage: 2.250%, immutable

The final rates were updated on October 26, 2020. These rates are based on the assumptions shown here. Actual rates may vary.

If you are trying to find the right rate for your home mortgage, consider using a reliable one. You can easily use reliable free online tools to compare multiple lenders and see prequalified rates within minutes.

Factors behind today’s mortgage rates

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

Major economic factors

  • Strength of economy
  • rate of inflation
  • Employment
  • consumer expenditure
  • Housing Construction and other market conditions
  • Stock and bond market
  • 10-year Treasury Yields
  • Federal Reserve Policies

Personal economic factors

  • credit score
  • credit history
  • Down payment size
  • Debt-to-value ratio
  • Loan type, size and duration
  • Debt-to-income ratio
  • Property location

How to get your lowest mortgage rate

If you want a lower mortgage rate, you can get a lower rate by improving your credit score and paying off another loan. The size of your down payments also affects mortgage rates, with lower down payments giving you higher rates.

It is also a good idea to compare rates from different lenders to find the best rate for your financial goals. According to research by Freddie Mac, borrowers can buy an average of $ 1500 over the life of their loan for just one additional rate quote – and an average of $ 3,000 compared to five rate quotes.

Reliable can help you compare current rates from several mortgage lenders at once in a few minutes. Use Credible’s online tool and get prequalified today.

Mortgage interest rates by loan type

Whether you are a homebuyer shopping for a 30- or 15-year mortgage for the first time, or you are looking to refinance an existing home, Reliable can help you find the right mortgage for your financial goals.

Be sure to check these loan rates, which you will be able to compare with the annual percentage rate (APR) as well as the interest rate:

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