- July 9, 2021
- Posted by: Stratford Team
- Category: Business
Table of Contents
Current mortgage rates
Conventional rates from Money.com; government-backed rates from RedVentures.
Current refinance rates
Conventional rates from Money.com; government-backed rates from RedVentures.
How mortgage rates have changed
Mortgage rate trends
Conventional rates from Money.com; government-backed rates from RedVentures.
After yesterday’s dip in average ARM rates, rates for both 7/1 ARM and 10/1 ARM are back up above 4%. Rates for fixed loans have dropped in the past week, however, with rates for a 15-year fixed rate mortage rivaling government-backed loan rates as per usual.
Refinance rate trends
Conventional rates from Money.com; government-backed rates from RedVentures.
Average rates to refinance are typically higher than rates for a new morgage, and today is no exception. As with mortgage purchase rates, ARMs are the only ones above 4%, and while rates to refinance a 30-year fixed mortgage are higher than rates to…