Based on the data compiled by Credible, current mortgage refinance rates have risen since yesterday except in 30-year fixed rates, which have not budged from 3% in five days.
Last updated on April 28, 2021. These rates are based on the assumptions provided here. Actual rates may vary
Although falling dramatically month over month, the mortgage refinance rates in eight days rose to their highest rates. The average rate for all loan types rose to just shy of one tenth of a percentage point to 2.625% This still is far from the highest rates seen at the start of April when the rate topped 2.750%.
If you're considering refinanzing your home loan, consider getting Credible. Whether you're considering refinancing your monthly payments or saving money on a monthly mortgage, Credible's unique online tool can let you compare rates from other mortgage lenders. You can see prequalified rates in three minutes.
The fixed rate for a 30 year period is 3.000%. This is the same as yesterday.
The fixed rate for a 20 year refinance is 2.875%. This is from yesterday up to now.
The fixed rate for a 15 year period of refinance is 2.375%. This is back to yesterday.
The fixed rate for a 10 year refinance is 2.250%. This has risen from yesterday.
As soon as you sign up to find a mortgage, you can compare rates and lenders online by visiting Credible. Check Credible out and get prequalified today.
Last updated rates on April 28, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
Mortgage refinance rates in America today have risen compared to last week at this time.
60-year fixed refinance rates: 3.000%, the same as last week.
The 20-year fixed refinance rates are 2.875%, up from 2.750% last week, 0.125% last week.
Refinance Rate: 2.375%, up from 2.250% last week, 0.125psi, above rate in 15-year fixed refinance rates.
10 - year fixed refinance rates: 2.250%, down from 2.125% last week, 0.125% last week.
When should we refinance? You can explore mortgage refinance options in minutes by visiting Credible to compare rates and lenders. Check out Credible and get prequalified today.
On April 28, 2021, the rates are updated only if you know your previous rate. These rates are based on the assumptions presented here. Actual rates may differ.
Current refinance rates, like mortgage rates in general, are affected by many economic factors, like unemployment numbers and inflation. But your personal financial history will also determine the rates you are offered when refinancing a mortgage.
How can you get a low mortgage refinance rate?
If you're interested in refinancing your home, improving your credit score and repaying any other debt could secure a lower rate for the loan. It is also a good idea to compare rates of different lenders if you're looking to refinance, so you can find the best rate for your situation.
Borrowers can save on average $1,500 over the life of their loan by shopping for 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 loans in one go in just a few minutes.
If you decide to refinance your mortgage, be sure to shop around and compare rates from other mortgage lenders. You can do this easily with Credible's free online tool and see your prequalified rates in three minutes.
Credible also has a partnership with a home insurance broker. Here you can compare free home insurance quotes from Credible's partner here. It is faster, easier and the whole process can be completed online entirely.
If you're looking for a lower monthly payment on an existing home, Credible can help you keep an eye on current mortgage rates and find the right loan to get the lowest cost.
Before you go into financial refinancing, be sure to check out these loan rates, which you can compare in this online option by annual percentage rate as well as interest rate:
Have a finance question you cannot ask? Send money expert firstname.lastname@example.org and your question might be answered by Credible in our Money Expert column.
As a credible authority on mortgages and personal finance, Chris Jennings has covered topics that include mortgage loans, mortgage refinancing, and more. For four years he has been an editor and editorial assistant in the online personal financial space. His work has been featured by MSN, AOL, Yahoo Finance and more.