Reason To Give Thanks: Today’s Mortgage Rates Are At Their Lows | 22 November 2021

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View mortgage rates for November 22, 2021, which are mostly unchanged from Friday. (iStock)

Based on data compiled by Credible, mortgage rates have remained largely unchanged since Friday, except for 20-year rates which edged up.

  • Fixed mortgage rates over 30 years: 3.125%, unchanged
  • 20-year fixed mortgage rates: 2.875%, versus 2.750%, + 0.125
  • Fixed mortgage rates over 15 years: 2.375%, unchanged
  • 10-year fixed mortgage rates: 2.375%, unchanged

Prices last updated on November 22, 2021. These prices are based on the assumptions presented here. Actual rates may vary.

What does that mean: Homebuyers looking to secure a low mortgage rate ahead of the holiday season and planned year-end rate hikes could see significant interest savings if they act today. Although mortgage rates have risen slowly over the past few weeks, they could plateau briefly – 30-year, 15-year and 10-year mortgage rates have held steady for six consecutive days. This apparent pause in the bullish momentum could offer buyers a window of savings.

These rates are based on the assumptions presented here. Actual rates may vary.

To find the best mortgage rate, start by using Credible, which can show you current mortgage and refinance rates:

Browse the rates of several lenders so you can make an informed decision about your home loan.

Credible, a personal finance marketplace, has 4,500 Trustpilot reviews with an average rating of 4.7 stars (out of a possible 5.0).

Looking at Mortgage Refinance Rates Today

Today’s mortgage refinance rates have remained largely unchanged since Friday. If you are considering refinancing an existing home, find out what refinancing rates look like:

  • Fixed refinancing rates over 30 years: 3.125%, unchanged
  • Fixed refinancing rates over 20 years: 2.875%, compared to 2.750%, + 0.125
  • Fixed refinancing rates over 15 years: 2.375%, unchanged
  • Fixed refinancing rates over 10 years: 2.375%, unchanged

Prices last updated on November 22, 2021. These prices are based on the assumptions presented here. Actual rates may vary.

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

Credible has earned a 4.7-star rating (out of a possible 5.0) on Trustpilot and over 4,500 customer reviews who have safely compared prequalified rates.

How to get low mortgage rates

Mortgage and refinancing rates are affected by many economic factors, such as the unemployment rate and inflation. But your personal financial history will also be determine the rates offered to you.

If you want to get the lowest possible monthly mortgage payment, the following can help you get a lower rate on your home loan:

It’s 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 one additional quote – and an average of $ 3,000 by comparing five quotes.

Credible can help you compare the current rates of several mortgage lenders suddenly in a few minutes. Are you looking to refinance an existing home? Use Credible’s online tools to compare prices and pre-qualify today.

Current mortgage rates

The average mortgage interest rate, all terms combined, is 2.688%. He has rested at this level for five of the past six days.

Current 30-year mortgage rates

The current interest rate for a 30 year fixed rate mortgage is 3.125%. It’s the same as Friday. Thirty years is the most common mortgage repayment term because 30-year mortgages typically give you a lower monthly payment. But they usually come with higher interest rates, which means you’ll ultimately pay more interest over the life of the loan.

Current 20-year mortgage rates

The current interest rate for a 20 year fixed rate mortgage is 2.875%. It is from Friday. Shortening your repayment term by just 10 years can mean you’ll get a lower interest rate and pay less total interest over the life of the loan.

Current 15-year mortgage rates

The current interest rate for a 15 year fixed rate mortgage is 2.375%. It’s the same as Friday. Fifteen-year mortgages are the second most common mortgage term. A 15-year mortgage can help you earn a lower rate than a 30-year term – and pay less interest over the life of the loan – while still keeping monthly payments manageable.

Current 10-year mortgage rates

The current interest rate for a 10 year fixed rate mortgage is 2.375%. It’s the same as Friday. While less common than 30- and 15-year mortgages, a 10-year fixed-rate mortgage usually gives you lower interest rates and lifetime interest charges, but a higher monthly mortgage payment.

You can explore your mortgage options in minutes by visiting Credible to compare the current rates of various lenders who offer mortgage refinances as well as home loans. Discover Credible and get prequalified today, and take a look at today’s refinance rates via the link below.

Thousands of Trustpilot reviewers rate Credible “excellent”.

Prices last updated on November 22, 2021. These prices are based on the assumptions presented here. Actual rates may vary.

How credible mortgage rates are calculated

Changing economic conditions, central bank policy decisions, investor sentiment and other factors influence the development of mortgage rates. Credible’s average mortgage rates and mortgage refinance rates are calculated based on information provided by partner lenders who compensate Credible.

The rates assume that a borrower has a credit score of 740 and borrows a conventional loan for a single family home that will be their primary residence. Rates also assume zero (or very low) discount points and a 20% deposit.

Credible mortgage rates will only give you an idea of ​​current average rates. The rate you receive may vary depending on a number of factors.

How mortgage rates have changed

Today, mortgage rates are unchanged from the same period last week.

  • Fixed mortgage rates over 30 years: 3.125%, the same as last week
  • 20-year fixed mortgage rates: 2.875%, the same as last week
  • Fixed mortgage rates over 15 years: 2.375%, the same as last week
  • 10-year fixed mortgage rates: 2.375%, the same as last week

Prices last updated on November 22, 2021. These prices are based on the assumptions presented here. Actual rates may vary.

If you are trying to find the right rate for your mortgage or are looking to refinance an existing home, consider using Credible. You can use Credible’s free online tool to easily compare multiple lenders and see prequalified rates in just minutes.

With over 4,500 reviews, Credible maintains an “excellent” Trustpilot score.

Factors that influence mortgage rates (and are beyond your control)

There are many factors that influence the interest rate a lender can offer you. Some, like your credit score, are in your control. But others that you don’t have the capacity to affect, such as:

  • The economy – During a financial downturn, the Fed may lower interest rates in an attempt to stimulate the economy. And when the economy is doing well, interest rates can rise.
  • Inflation Interest rates tend to move with inflation. When the overall cost of goods and services increases, interest rates are also likely to rise.
  • The Federal Reserve The Fed can choose to lower interest rates to stimulate a struggling economy, or to raise rates to try to curb inflation.
  • Macroeconomic trends in employment When many people are out of work, as they were during the months of pandemic lockdown, mortgage rates can drop. As employment increases, interest rates also rise.

Looking to lower your home insurance rate?

A home insurance policy can help you cover unforeseen costs you might incur during homeownership, such as structural damage and the destruction or theft of personal property. Coverage can vary widely from insurer to insurer, so it’s wise to shop around and compare policy quotes.

Credible has a partnership with a home insurance broker. You can compare for free home insurance quote via Credible’s partner here. It’s quick, easy, and the whole process can be done entirely online.

Have a finance-related question, but don’t know who to ask? Email The Credible Money Expert at [email protected] and your question could be answered by Credible in our Money Expert column.

As a credible authority on mortgages and personal finance, Chris Jennings has covered topics such as mortgages, mortgage refinancing, and more. He was an editor and editorial assistant in the online personal finance field for four years. His work has been featured by MSN, AOL, Yahoo Finance, and more.


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