Current 30-year mortgage rates are bouncing down again

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Check out the mortgage refinancing rates for June 29, 2021, which are largely unchanged from yesterday. (iStock)

Based on data collected by Credible, current mortgage refinancing rates have remained stable from yesterday, with the exception of the 30-year refinancing rate, which started to decline slightly higher after the week opened.

  • 30 year fixed rate refinancing: 2.750%, below 2.875%, -0.125
  • 20-Year Fixed Rate Refinancing: 2,750%, unchanged
  • Refinancing on 15 years fixed income: 2.125%, unchanged
  • 10 year fixed rate refinancing: 2.125%, unchanged

Rates last updated on June 29, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

Mortgage refinance rates are typically higher than the rates for purchasing mortgages. But refinancing rates have kept pace with purchase rates throughout 2021. 30-year refinancing rates have remained below 3,000% for eight consecutive days, while 10-year refinancing rates have remained below 2.375% since the end of March.

If you think about refinancing your home mortgage, consider using Credible. Whether you’re interested in saving money on your monthly mortgage payments, or considering a cash-out refinancing, Credible’s free online tool you can compare the rates of multiple mortgage lenders. You can see the prequalified fares in just three minutes.

Current 30-Year Fixed Refinancing Rates

The current rate for a 30-year fixed rate refinancing is 2.750%. This is less than yesterday.

Current 20-Year Fixed Refinancing Rates

The current rate for a 20-year fixed rate refinancing is 2.750%. This is the same as yesterday.

Current 15-Year Fixed Refinancing Rates

The current rate for a 15-year fixed rate refinancing is 2.125%. This is the same as yesterday.

Current 10-Year Fixed Refinancing Rates

The current rate for a 10-year fixed-rate refinancing is 2.125%. This is the same as yesterday.

You can explore your mortgage refinancing options in minutes by going to Credible to compare rates and lenders. View Credible and get prequalified today.

Rates last updated on June 29, 2021. These rates are based on assumptions shown getoond here. Actual rates may vary.

How the mortgage interest deduction has changed

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

  • 30-Year Fixed Refinancing Rates: 2.750%, down from 2.875% last week, -0.125
  • 20-Year Fixed Refinancing Rates: 2,750%, same as last week
  • 15-Year Fixed Refinancing Rates: 2.125%, down from 2.250% last week, -0.125
  • 10-year fixed refinancing rates: 2.125%, down from 2.250% last week, -0.125

Do you think this is the right time to refinance? Be sure to shop around and compare rates with multiple mortgage lenders. You can do this easily with Credible and see your prequalified fares in just three minutes.

Rates last updated on June 29, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

The Factors Behind Current Refinancing Rates

Current refinancing rates, such as mortgage rates in general, are influenced by many economic factors, such as unemployment rates and inflation. But your personal financial history also determines the rates you get when refinancing your mortgage.

Larger economic factors

  • Power of the economy
  • Inflation rates
  • employment opportunities
  • consumer spending
  • Residential construction and other market conditions
  • Stock and Bond Markets
  • Interest on 10-year government bonds
  • Federal Reserve Policy

Personal economic factors

How to get your lowest mortgage interest deduction?

If you’re interested in refinancing your mortgage, improving your credit score, and paying off other debts, you can: secure a lower rate. It’s also a good idea to compare rates from different lenders if you’re hoping to refinance so you can find the best rate for your situation.

Borrowers can save an average of $1,500 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 from Freddie Mac. Credible can help you compare multiple lenders at once in just a few minutes.

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

Credible also has a partnership with a home insurance broker. You can compare for free home insurance quotes via Credible’s partner here. It’s quick, easy and the whole process can be completed completely online.

Mortgage rates by loan type type

If you’re 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 you dive in mortgage refinancing, make sure to check out these loan rates, which you can compare by annual percentage (April) as well as interest:

Do you have a financial question, but you don’t know who to ask it? Email The Credible Money Expert at: [email protected] and your question can be answered by Credible in our Money Expert column.

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