Today’s Mortgage and Refinance Rates: July 10, 2021

Today’s mortgage rates: July 10, 2021

Mortgage typeAverage rate today15-year fixed2.39%30-year fixed3.31%7/1 ARM4.19%10/1 ARM4.10%30-year FHA2.86%VA mortgage loan2.89%

Conventional rates from Money.com; government-backed rates from RedVentures.

Today’s refinance rates: July 10, 2021

Mortgage typeAverage rate today15-year fixed2.62%30-year fixed3.71%7/1 ARM4.18%10/1 ARM4.37%30-year FHA2.90%VA mortgage loan2.90%

Conventional rates from Money.com; government-backed rates from RedVentures.

Mortgage interest rates forecast

The US economy has struggled during the COVID-19 pandemic, and mortgage rates have stayed low as a result. There is speculation that mortgage rates could start to increase as the economy steadily improves.

Employment numbers in the US are getting better, which could mean mortgage rate increases in the future. But the country probably needs to experience longer-term, more stable boosts for mortgage rates to…

Read more…