Based on data compiled by Credible Operations, Inc., NMLS number 1681276, current mortgage refinance rates remain firm from yesterday after a week of tumultuous changes. Meanwhile, average 30-year mortgage rates continue to hover at 3,000% for the third day in a row.

• Refinancing at a fixed rate over 30 years: 3.000%, immutable
• Refinancing at a fixed rate over 20 years: 2.875%, immutable
• Refinancing at a fixed rate over 15 years: 2.250%, immutable

Prices updated on February 19, 2021. These prices are based on the assumptions presented here. Actual rates may vary.

If you think about refinance your mortgage, consider using Credible. Whether you want to save money on your monthly mortgage payments or are considering a cash refinance, Credible’s free online tool will allow you to compare the rates of several mortgage lenders. You can see prequalified fares in as little as three minutes.

Current 30-year fixed rate refinancing

The current rate for a 30 year fixed rate refinance is 3000%. It’s the same as yesterday.

Current 20-year fixed rate refinancing

The current rate for a 20 year fixed rate refinance is 2.875%. It’s the same as yesterday.

Current 15-year fixed rate refinancing

The current rate for a 15 year fixed rate refinance is 2.250%. It’s the same as yesterday.

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

Prices updated on February 19, 2021. These prices are based on the assumptions presented here. Actual rates may vary.

How Mortgage Refinance Rates Have Changed

Today, mortgage refinance rates have increased compared to the same period last week.

• Fixed refinancing over 30 years: 3,000%, compared to 2,750% last week, +0,250
• Fixed refinancing over 20 years: 2.875%, compared to 2.750% last week, +0.125
• Fixed refinancing over 15 years: 2.250%, against 2.125% last week, +0.125

Do you think this might be a good time to refinance? You can explore your mortgage refinancing options in minutes by visiting Credible to compare rates and lenders. Discover Credible and get prequalified today.

Prices updated on February 19, 2021. These prices are based on the assumptions presented here. Actual rates may vary.

The Factors Behind Today’s Refinance Rates

Current refinancing 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 you will be offered when refinancing your mortgage.

More important economic factors

• Strength of the economy
• Inflation rate
• Use
• 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 refinance rate

If you want to refinance your mortgage, improve your credit rating, and pay off any other debt could guarantee you a lower rate. It is also a good idea to compare the rates of different lenders if you are hoping to refinance, in order to find the best rate for your situation.

Borrowers can save an average of $ 1,500 over the life of their loan by purchasing one additional quote, and an average of $ 3,000 by comparing five quotes, according to a study by Freddie Mac. Credible can help you compare multiple lenders at once in just a few minutes.

If you do decide to refinance your mortgage, be sure to shop around and compare the rates of several mortgage lenders. You can do it easily with Credible’s free online tool and view your prequalified rates in just three minutes.

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

Mortgage rates by type of loan

Whether you’re a first-time home buyer looking for a mortgage or looking for lower monthly payments on an existing home, Credible can help you keep tabs on current mortgage rates and find the right loan for you. your financial goals.

Don’t forget to check out these loan rates, which you can compare by annual percentage rate (APR) as well as by interest rate:

More resources on mortgage refinancing

Want to learn more about refinancing your home loan? Take a look at the following articles: