Today’s mortgage rates are not moving, holding near record lows on the 4th day | September 2, 2021


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See mortgage rates for September 2, 2021, unchanged from yesterday. (iStock)

Based on data compiled by Credible, mortgage rates have remained stable since yesterday. Fifteen year fixed rates marked their 19th day at just 2.125%.

  • 30-year fixed-rate mortgage rates: 2.750%, unchanged
  • 20-year fixed-rate mortgage rates: 2,500%, unchanged
  • 15-year fixed-rate mortgage rates: 2.125%, unchanged
  • 10-year fixed-rate mortgage rates: 2,000%, unchanged

Prices last updated on September 2, 2021. These prices are based on the assumptions shown here. Actual prices may vary.

What this means: While mortgage rates overall remain historically low, Freddie Mac and Fannie Mae both expect rates to rise by the end of the year. Homebuyers who take out one of these exceptionally low interest rates can see significant savings over the life of their loans. For example, on a $ 350,000 mortgage, you would pay a total of $ 164,384 in interest at 2.750%. If the 30-year interest rate rose to 3% by the end of the year, the same mortgage would cost nearly $ 17,000 more.

To find the best mortgage rate, first use Credible, which can show you the latest mortgage and refinance rates:

Search the interest rates from multiple lenders so you can make an informed decision about your home loan.

Credible, a personal finance marketplace, has 4,500 Trustpilot reviews with an average star rating of 4.7 (out of a possible 5.0).

Look at today’s mortgage refinancing rates

Today’s mortgage refinancing rates have remained largely unchanged with the exception of 30-year rates, which rose slightly. The average refinancing rate for mortgages is only 2.375%. If you’re considering refinancing an existing home, check out what the refinance rates look like:

  • 30-year fixed refinancing rates: 2.875%, from 2.750%, + 0.125
  • 20-year fixed refinancing rates: 2,500%, unchanged
  • 15-year fixed refinancing rates: 2.125%, unchanged
  • 10-year fixed refinancing rates: 2,000%, unchanged

Prices last updated on September 2, 2021. These prices are based on the assumptions shown here. Actual prices may vary.

A website like Credible can be of great help when you are ready to compare mortgage refinancing loans. Credible shows you pre-qualified interest rates for conventional mortgages from multiple lenders within minutes. Visit Credible today to get started.

Credible has received a rating of 4.7 stars (out of a possible 5.0) on Trustpilot and more than 4,500 reviews from customers who have safely compared prequalified tariffs.

How to get low mortgage rates

Mortgage and refinance rates are influenced by many economic factors, such as unemployment and inflation. But your personal financial history will too Determine the prices that are offered to you.

If you want to get the lowest possible monthly mortgage payment, here are steps you can take to get a lower interest rate on your home loan:

It is also a good idea to compare the interest rates of different lenders to find the best rate for your financial goals. According to research by Freddie Mac, borrowers can save an average of $ 1,500 over the life of their loan by buying just one additional rate quote – and an average of $ 3,000 by comparing five rate quotes.

Credible can help you compare the current interest rates from multiple mortgage lenders all at once in a few minutes. Would you like to refinance an existing home? Use Credible’s online tools to compare tariffs and get prequalified today.

Current mortgage rates

Mortgage rates have been stable for four consecutive days. The average mortgage rate over all maturities is just 2.344% – the lowest since early August.

Current mortgage rates over 30 years

The current interest rate on a 30-year fixed-rate mortgage is 2.750%. This is the same as yesterday. Thirty years is the most common mortgage term as 30 year mortgages typically offer a lower monthly payment. But they also tend to come with higher interest rates, which means that you will end up paying more interest over the life of the loan.

Current mortgage rates for 20 years

The current interest rate on a 20-year fixed-rate mortgage is 2,500%. This is the same as yesterday. Shortening your repayment period by as little as 10 years can mean you get a lower interest rate – and pay less overall interest over the life of the loan.

Current mortgage rates for 15 years

The current interest rate for a 15-year fixed-rate mortgage is 2.125%. This is the same as yesterday. Fifteen year mortgages are the second most common mortgage term. A 15-year mortgage can help you get a lower interest rate than a 30-year term – and pay less interest over the life of the loan – while keeping the monthly payments manageable.

Current 10-year mortgage rates

The current interest rate on a 10-year fixed-rate mortgage is 2,000%. This is the same as yesterday. Although less common than 30- and 15-year mortgages, a 10-year fixed-rate mortgage typically offers lower interest rates and lifetime interest costs, but a higher monthly mortgage payment.

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

Thousands of Trustpilot reviewers rate Credible “excellent”.

Prices last updated on September 2, 2021. These prices are based on the assumptions shown here. Actual prices may vary.

This is how credible mortgage interest rates are calculated

Changing economic conditions, central bank policy decisions, investor sentiment and other factors influence mortgage interest rate developments. The credible average mortgage interest and mortgage refinancing rates are calculated based on information provided by partner lenders who pay Credible compensation.

The interest rates assume that a borrower has a credit score of 740 and is taking out a traditional loan on a single family home that will be their primary residence. The tariffs also require no (or very low) discount points and a deposit of 20%.

Credible mortgage rates only give you an idea of ​​current average rates. The price you get can vary based on a number of factors.

How mortgage rates have changed

Today mortgage rates are largely down compared to last week.

  • 30-year fixed-rate mortgage rates: 2.750%, down from 2.875% last week, -0.125
  • 20-year fixed-rate mortgage rates: 2,500%, down from 2.625% last week, -0.125
  • 15-year fixed-rate mortgage rates: 2.125%, the same as last week
  • 10-year fixed-rate mortgage rates: 2,000%, down from 2.125% last week, -0.125

Prices last updated on September 2, 2021. These prices are based on the assumptions shown here. Actual prices may vary.

When trying to find the right interest rate on your mortgage or refinancing an existing home, you should use Credible. You can Use Credible’s free online tool to compare multiple lenders and see prequalified rates in minutes.

With more than 4,500 reviews, Credible maintains an “excellent” Trustpilot score.

The forecast for mortgage rates in 2021

Researchers at Freddie Mac expect mortgage rates to rise slightly over the course of 2021, citing the Federal Reserve’s pledge to keep rates low for the foreseeable future.

Fannie Mae Researchers expect mortgage rates to rise slightly this year, citing a sustained surge in US 10-year Treasury bond yields. Ultimately, however, Fannie Mae experts believe that lenders will “absorb” some of the increased costs as “refinancing demand gradually fades” – and keep interest rates at relatively stable levels.

Here are the predictions of what 30-year fixed rates will look like for the rest of the year:

Freddie Mac

  • Q2 (April to June): 2.9%
  • Q3 (July to September): 3.0%
  • Q4 (October to December): 3.0%

Fannie Mae

  • Q2 (April to June): 2.8%
  • Q3 (July to September): 2.9%
  • Q4 (October to December): 2.9%

How accurate were their predictions?

Actual Average 30-Year Fixed Rate First Quarter (January to March): 2.877%

  • Freddie Mac Prediction: 2.9%
  • Fannie Mae forecast: 2.7%

Would you like to reduce your home contents insurance?

Home insurance can help cover unexpected costs you may incur while home ownership, such as structural damage and destruction or stolen personal property. Insurance coverage can vary widely between lenders, so it is wise to shop around and compare policy offers.

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Do you have a finance-related question but don’t know who to contact? Email the Credible Money Expert at [email protected] and your question could be answered by Credible in our Money Expert column.

A credible mortgage and personal finance authority, Chris Jennings has covered topics such as mortgage loans, mortgage refinancing, and more. He has been an editor and assistant editor in the field of personal online finance for four years. His work has been featured by MSN, AOL, Yahoo Finance, and others.


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