Today’s Mortgage Refinance Rates Stay Historically Low Overall | March 26, 2021


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 products from our partner lenders, all opinions are our own.

See the mortgage refinance rates for March 26, 2021, which have not changed since yesterday. (iStock)

According to data compiled by Credible Operations, Inc., NMLS Number 1681276, current mortgage refinance rates did not move compared to yesterday; however, rates on all types of loans drop week after week. The average rate for all refinance rates has dropped almost 200 basis points in seven days to 2,688%.

  • 30-year fixed rate refinancing: 3.125%, unchanging
  • 20-year fixed rate refinancing: 2.875%, unchanging
  • 15-year fixed rate refinancing: 2,500%, unchanging
  • 10-year fixed rate refinancing: 2,250%, unchanging

Rates last updated March 26, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

If you are considering refinancing your home mortgage, consider using Credible. Whether you’re interested in saving money on your monthly mortgage payments or considering a cash-out refinance, Credible’s free online tool will allow you to compare the rates of various mortgage lenders. You can view prequalified rates in as little as three minutes.

Current 30-year fixed refinance rates

The current rate for a 30-year fixed rate refinance is 3.125%. This is the same as yesterday.

20-year fixed current refinance rates

The current rate for a 20-year fixed rate refinance is 2.875%. This is the same as yesterday.

Current fixed 15-year refinance rates

The current rate for a 15-year fixed rate refinance is 2,500%. This is the same as yesterday.

Current 10-year fixed refinance rates

The current rate for a 10-year fixed rate refinance is 2,250%. This is the same as yesterday.

You can explore your mortgage refinance options in minutes by visiting Credible to compare rates and lenders. Take a look at Credible and get prequalified today!

Rates last updated March 26, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

How Mortgage Refinancing Rates Have Changed

Today, mortgage refinance rates have fallen compared to this time last week.

  • 30-year fixed refinance rates: 3.125%, down from 3.250% last week, -0.125
  • Fixed 20-year refinance rates: 2,875%, down from 3,000% last week, -0.125
  • Fixed 15-year refinance rates: 2,500%, down from 2,625% last week, -0.125
  • Fixed 10-year refinance rates: 2,250%, down from 2,500% last week, -0.250

Do you think it might be the right time to refinance? You can explore your mortgage refinance options in minutes by visiting Credible to compare rates and lenders. Take a look at Credible and get prequalified today!

Rates last updated March 26, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

The Factors Behind Today’s Refinance Rates

Today’s refinance rates, like mortgage interest rates in general, are affected by many economic factors, such as unemployment figures and inflation. But your personal financial history will also determine the rates that are offered to you when you refinance your mortgage.

Most important economic factors

  • Strength of the economy
  • Inflation rates
  • job
  • Consumer spending
  • Home construction and other market conditions
  • Stock and bond markets
  • Yields on 10-year Treasury bonds
  • Federal Reserve Policies

Personal economic factors

How to get the lowest mortgage refinance rate

If you are interested in refinancing your mortgage, improving your credit score and paying off any other debt could ensure a lower rate. It is also a good idea to compare the rates of different lenders if you hope to refinance, so that you can find the best rate for your situation.

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, according to research by Freddie Mac. Credible can help you compare multiple lenders at a time in just a few minutes.

If you decide to refinance your mortgage, be sure to research and compare the rates of various mortgage lenders. You can easily do this with Credible’s free online tool and see your prequalified rates in just three minutes.

Credible is also associated with a home insurance broker. If you are looking for a better rate for home insurance and are considering switching providers, consider using an online broker. You can compare quotes from the top-rated insurance companies in your area – it’s quick, easy, and the entire process can be completed completely online.

Mortgage rates by type of loan

If you are looking for lower monthly payments on an existing home, Credible can help you monitor current mortgage rates and find the right loan for your financial goals.

Before diving into mortgage refinancing, be sure to check out these loan rates, which you can compare by annual percentage rate (APR) and interest rate:

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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