Today’s Mortgage and Refinance Rates: July 9, 2021

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…

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