- July 21, 2021
- Posted by: Stratford Team
- Category: Business
Table of Contents
Today’s mortgage rates
Mortgage typeAverage rate today15-year fixed2.31%30-year fixed3.23%7/1 ARM4.07%10/1 ARM3.91%30-year FHA2.58%VA mortgage loan2.64%
Conventional rates from Money.com; government-backed rates from RedVentures.
Today’s refinance rates
Mortgage typeAverage rate today15-year fixed2.50%30-year fixed3.51%7/1 ARM4.28%10/1 ARM4.19%30-year FHA2.60%VA mortgage loan2.69%
Conventional rates from Money.com; government-backed rates from RedVentures.
Mortgage interest rates forecast
Mortgage rates tend to be low when the economy is bad. Rates have stayed low since spring 2020 because the coronavirus pandemic has hurt the US economy.
The economy has gradually improved over the past few months as Americans receive vaccines and businesses reopen. Unemployment numbers are going down, and inflation is increasing — two signs of economic recovery.
Mortgage rates haven’t increased in response to the improving economy yet,…
