Mortgage rates today generally remain historically low


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View the mortgage interest rates for January 8, 2021, these are unchanged from yesterday. (iStock)


Based on data collected by Credible Operations, Inc., NMLS number 1681276, mortgage rates have remained unchanged since yesterday.

  • Mortgages with a term of 30 years with fixed interest: 2,500%, immutable
  • Mortgages with a term of 20 years with fixed interest: 2.375%, immutable
  • Mortgages with a term of 15 years with fixed interest: 1.875%, immutable

Rates last updated on January 8, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

To find the best mortgage rate, start using Credible. Credible can show you current mortgage interest rates for conventional loans from multiple lenders and help you make an informed decision about your home loan.

Looking at current mortgage refinance rates

Today’s mortgage interest deduction has risen since yesterday. While 30- and 20-year fixed mortgages rose, the 15-year yield failed to climb from 2,000%, an all-time low reached yesterday. If you are considering refinancing an existing home, see what the refinancing rates look like:

  • 30 year fixed rate refinancing: 2.625%, above 2.500%, +0.125
  • 20-Year Fixed Rate Refinancing: 2.625%, above 2.500%, +0.125
  • 15-year fixed rate refinancing: 2,000%, immutable

Rates last updated on January 8, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

A site like Credible can be of great help when you are ready to compare mortgage refinancing loans. With Credible, you can see prequalified rates for conventional mortgages from multiple lenders in minutes. Visit Credible today start.

Current mortgage interest

Today marks the fourth consecutive day that mortgage interest rates across all types have remained stable. Fixed mortgages continue to hover near historic lows, with the 30-year yield remaining at 2,500% for 30 consecutive days.

Current 30-Year Fixed Rate Mortgages

The current interest rate for a 30-year mortgage is 2,500%. This is the same as yesterday.

Current 20-Year Fixed Rate Mortgages 20

The current interest rate for a 20-year mortgage is 2.375%. This is the same as yesterday.

Current 15-Year Fixed Rate Mortgages

The current interest rate for a 15-year mortgage is 1.875%. This is the same as yesterday.

You can explore your mortgage options in minutes by going to Credible to compare current rates from different lenders. View Credible and get prequalified today.

Rates last updated on January 8, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

How mortgage rates have changed

Today, mortgage rates are unchanged from last week at this time.

  • Mortgages with a term of 30 years with fixed interest: 2,500%, same as last week
  • Mortgages with a term of 20 years with fixed interest: 2.375%, same as last week
  • Mortgages with a term of 15 years with fixed interest: 1.875%, same as last week

Rates last updated on January 8, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

When trying to find the right rate for your home mortgage, consider using Credible. You can use Credible’s free online tool to easily compare multiple lenders and see prequalified rates in minutes.

The Factors Behind Current Mortgage Rates

Current mortgage and refinancing rates are influenced by many economic factors, such as unemployment rates and inflation. But your personal financial history also determines the rates you are offered.

Larger economic factors

  • Power of the economy
  • Inflation rates
  • employment opportunities
  • consumer spending
  • Residential construction and other market conditions
  • Stock and Bond Markets
  • Interest on 10-year government bonds
  • Federal Reserve Policy

Personal economic factors

  • creditworthiness
  • Credit history
  • Deposit Size
  • Loan-to-value ratio
  • Loan type, size and term
  • Debt-to-income ratio
  • Location of the property

How do you get your lowest mortgage rate?

If you want a low mortgage rate, improving your credit score and paying off other debts can get you a lower rate. The amount of your down payments also affects the mortgage rate, with a low down payment likely to give you a higher rate.

It is also a good idea to compare the 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 purchasing just one additional rate quote – and an average of $3,000 by comparing five rate quotes.

Credible can help you compare current rates from multiple mortgage lenders at once in just a few minutes. Use Credible’s online tools and get prequalified today.

Mortgage interest rates by loan type

Whether you’re buying a home for the first time on a 30- or 15-year mortgage, or looking to refinance an existing home, Credible can help you find the right mortgage for your financial goals.

Be sure to check out these loan rates, which you can compare based on annual percentage (APR) and interest:

More resources about getting a home loan

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