Check out the mortgage refinancing rates for March 19, 2021, which are up from yesterday — with one exception. ( iStock )
Based on data compiled by Credible Operations, Inc., NMLS Number 1681276, current mortgage refinance rates have reached the highest average seen since March began, across the loan terms compared below. Rates for 30-year fixed refinancing, however, have held firm for three consecutive days.
30-year fixed-rate refinance: 3.250%, Unchanging
20-year fixed-rate refinance: 3.000%, Up from 2.875%, +0.125
15-year fixed-rate refinance: 2.625%, Up from 2.500%, +0.125
10-year fixed-rate refinance: 2.500%, Up from 2.375%, +0.125
Rates last updated on March 19, 2020. These rates are based on the assumptions shown here. Actual rates may vary.
If you’re thinking of refinancing your home mortgage, consider using Credible. Whether you're interested in saving money on your monthly mortgage payments, or considering a cash-out refinance, Credible's free online tool will let you compare rates from multiple mortgage lenders. You can see prequalified rates in as little as three minutes.
Current 30-year fixed refinance rates
The current rate for a 30-year fixed-rate refinance is 3.250%. This is the same as yesterday.
Current 20-year fixed refinance rates
The current rate for a 20-year fixed-rate refinance is 3.000%. This is up from yesterday.
Current 15-year fixed refinance rates
The current rate for a 15-year fixed-rate refinance is 2.625%. This is up from yesterday.
Current 10-year fixed refinance rates
The current rate for a 10-year fixed-rate refinance is 2.500%. This is up from yesterday.
Think it might be 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 rates in only three minutes.
Rates last updated on March 19, 2020. These rates are based on the assumptions shown here. Actual rates may vary.
How mortgage refinance rates have changed
Today, mortgage refinance rates have risen across the board compared to this time last week.
30-year fixed refinance rates: 3.250%, up from 2.875% last week, +0.375
20-year fixed refinance rates: 3.000%, up from 2.750% last week, +0.250
15-year fixed refinance rates: 2.625%, up from 2.250% last week, +0.375
10-year fixed refinance rates: 2.500%, up from 2.000% last week, +0.500
Think it might be 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 rates in only three minutes.
Rates last updated on March 19, 2020. These rates are based on the assumptions shown here. Actual rates may vary.
The factors behind today’s refinance rates
Current refinance rates, like mortgage interest 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’re offered when refinancing your mortgage.
Larger economic factors
Strength of the economy
Inflation rates
Employment
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
Home equity
Loan amount, loan term, and loan type
Debt-to-income ratio
Location of the property
How to get your lowest mortgage refinance rate
If you’re interested in refinancing your mortgage, improving your credit score and paying down any other debt could secure you 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 $1,500 on average over the life of their loan by shopping for 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, be sure to shop around and compare rates from multiple mortgage lenders. You can do this easily with Credible’s free online tool and see your prequalified rates in only three minutes.
Credible is also partnered with a home insurance broker. If you're looking for a better rate on home insurance and are considering switching providers, consider using an online broker. You can compare quotes from top-rated insurance carriers in your area — it's fast, easy, and the whole process can be completed entirely online.
Mortgage rates by loan type
If you’re seeking lower monthly payments on an existing home, Credible can help you keep an eye on current mortgage rates and find the right loan for your financial goals.
Before you dive into mortgage refinancing, be sure to check out these loan rates, which you can compare by annual percentage rate (APR) as well as interest rate:
30 Year Refinance Rates
20 Year Refinance Rates
15 Year Refinance Rates
10 Year Refinance Rates
30 Year Mortgage Rates
20 Year Mortgage Rates
15 Year Mortgage Rates
10 Year Mortgage Rates
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