Today's mortgage rates hold firm — one rate stays at 3% for third consecutive day | February 25, 2021
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Check out the mortgage rates for February 25, 2021, which are unchanged from yesterday. (iStock)
Based on data compiled by Credible Operations, Inc., NMLS Number 1681276, mortgage rates have remained unchanged since yesterday.
30-year fixed mortgage rates: 3.000%, Unchanging
20-year fixed mortgage rates: 2.875%, Unchanging
15-year fixed mortgage rates: 2.250%, Unchanging
Rates last updated on February 25, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
To find the best mortgage rate, start by using Credible, which can show you current mortgage and refinance rates:
Check out mortgage refinance rates
Browse rates from multiple lenders so you can make an informed decision about your home loan.
Looking at today’s mortgage refinance rates
Today’s mortgage refinance rates have remained largely unchanged since yesterday. Today marks the ninth straight day that 30-year refinance rates have stayed at 3%. As the market calms this week, average rates for all loan types remain relatively low by historical standards holding at 2.792%. If you’re considering refinancing an existing home, check out what refinance rates look like:
30-year fixed-rate refinance: 3.000%, Unchanging
20-year fixed-rate refinance: 3.000%, Unchanging
15-year fixed-rate refinance: 2.375%, Unchanging
Rates last updated on February 25, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
A site like Credible can be a big help when you’re ready to compare mortgage refinance loans. Credible lets you see prequalified rates for conventional mortgages from multiple lenders all within a few minutes. Visit Credible today to get started.
Current mortgage rates
Mortgage interest rates remained relatively stable today, with the average rate for 15-, 20-, and 30-year fixed loans sitting at 2.708%. That’s up slightly from last week’s average of 2.542%.
Current 30-year fixed mortgage rates
The current interest rate for a 30-year fixed-rate mortgage is 3.000%. This is the same as yesterday.
Current 20-year fixed mortgage rates
The current interest rate for a 20-year fixed-rate mortgage is 2.875%. This is the same as yesterday.
Current 15-year fixed mortgage rates
The current interest rate for a 15-year fixed-rate mortgage is 2.250%. This is the same as yesterday.
You can explore your mortgage options in minutes by visiting Credible to compare current rates from various lenders who offer mortgage refinancing as well as home loans. Check out Credible and get prequalified today, and take a look at today’s refinance rates through the link below.
Rates last updated on February 25, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
How mortgage rates have changed
Today, mortgage rates are up compared to this time last week.
30-year fixed mortgage rates: 3.000%, up from 2.750% last week, +0.250
20-year fixed mortgage rates: 2.875%, up from 2.750% last week, +0.125
15-year fixed mortgage rates: 2.250%, up from 2.125% last week, +0.125
Rates last updated on February 25, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
If you’re trying to find the right rate for your home mortgage or 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 a few minutes.
The factors behind today’s mortgage rates
Current mortgage and refinance rates are affected by many economic factors, like unemployment numbers and inflation. But your personal financial history will also determine the rates you’re offered.
Larger economic factors
Strength of the economy
Inflation rates
Employment
Consumer spending
Housing construction and other market conditions
Stock and bond markets
10-year Treasury yields
Federal Reserve policies
Personal economic factors
Credit score
Credit history
Down payment size
Loan-to-value ratio
Loan type, size, and term
Debt-to-income ratio
Location of the property
How to get your lowest mortgage rate
If you want low mortgage rates to bring down your monthly mortgage payment, improving your credit score and paying down any other debt could secure you a lower rate. The size of your down payments also affects mortgage rates, with a low down payment likely to yield you a higher rate.
It’s also a good idea to compare rates from different lenders to find the best rate for your financial goals. According to research from Freddie Mac, borrowers can save $1,500 on average over the life of their loan by shopping for just one additional rate quote — and an average of $3,000 by comparing five rate quotes.
Credible can help you compare current rates from multiple mortgage lenders at once in just a few minutes. Are you looking to refinance an existing home? Use Credible’s online tools to compare rates and get prequalified today.
Mortgage interest rates by loan type
Whether you’re a first-time homebuyer shopping for a 30- or 15-year mortgage, or you’re looking to refinance an existing home, Credible can help you find the right mortgage for your financial goals.
Be sure to check out these loan rates, which you’ll be able to compare by annual percentage rate (APR) as well as interest rate:
Mortgage refinance:
Home purchase:
More resources on getting a home loan
Want to learn more about how to get a mortgage? Take a look at the following articles: