Mortgage refinance rates remain unchanged, according to Credible

4 minutes
Mortgage refinance rates remain unchanged, according to Credible

Based on the data compiled by Credible, current mortgage refinance rates have remained unchanged compared to yesterday when 15-year rate declines back to the February lows.

The rate was last updated on May 11, 2021.These rates are based on the assumptions shown here.Actual rates may vary.

At 2.469%, the average mortgage refinance rate is the lowest since Feb. 12, 2021.Meanwhile, rates across all borrowing types have continued to linger near historical lows for most of March, especially the 15 year fixed which is down to 2.125% this week.

If you're thinking about refinancing your home mortgage, consider Credible.Whether you're interested in saving cash on your monthly mortgage payments or considering a cash-out refinance, Credible’s free online tool lets you compare rates from multiple mortgage lenders.You can see prequalified rates in as little as three minutes.

The 30-year fixed rate for a current rate refinance is 2.875%.This is the same as yesterday.

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

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

The current rate for a fixed rate refinance of a 10 year period is 2.125%This is the same as yesterday.

You can compare mortgage options when you visit Credible and borrow rates and quotes.Check out Credible and get prequalified today.

Last updated rate on May 11, 2021.These rates are based on assumptions listed here.Actual rates may vary.

Today mortgage rate have fallen compared to the last week in this time.

30-year fixed rate refinance rate: 2.875%, the same as last week

Fax 15 percent: 2.750% fixed refinance rate at 20-year rate as last week, the same as last week

15 - year fixed refinance rates down from 2.125% to 2.250% last week, - 0.125

Base Rate for 10 year loan: 2.125%, the same as last week

Should it be wise to refinance or build that?You can compare mortgage rates and lenders in minutes by visiting to explore options for a mortgage refinance.Get prequalified for credible and check out Credible today.

Rates last updated on May 11, 2021.These rates are based on the assumptions shown here :Actual rates may vary.

Current rates, like mortgage interest rates in general, are affected by many economic factors including unemployment and inflation.However, your personal financial history will also be used to determine the interest rates you are offered when refinancing your mortgage.

How can you get the lowest mortgage refinance rates available?

If you want to get a lower mortgage and refinance any other debts, consolidating your credit score could be beneficial.It is also better to compare rates from banks if you're doing a refinance, so that you can find the best rate for your situation.

Borrowers can save over their loan by shopping for only 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 in a few minutes at once.

When planning to refinance your mortgage, you have to shop around and compare rates from multiple lending portals.You can do this easily with Credible's free online tool and see your prequalified prices in just three minutes.

Credible also has a partnership with a home insurance broker.Click to compare one of the home insurance companies here.It's quick, easy and the whole process can be completed online entirely.

If you're looking for lower monthly payments on an existing home, Credible can help you keep an eye on current rates and find the correct loan for your financial goals.

Before you dive into the refinancing of mortgages, be sure to check out these loan rates which can be compared by annual percentage rate as well as interest rate.

Have a finance-related question that you don't know who to ask?If you are a certified money expert and your question could be answered on by the credible Money Experts column?

As a verified authority on mortgages and personal finance, Chris Jennings has covered topics that include mortgage loans, mortgage refinancing and more.He's been editor for four years and personal assistant for the online personal finance space.His work has been shown by MSN, AOL, Yahoo Finance and more.

  • Comments
Loading comments...