Today’s mortgage rates nudge further into record-low territory | August 6, 2021


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Check out the mortgage rates for August 6, 2021, which are largely unchanged from yesterday. (iStock)

Based on data compiled by Credible, today’s mortgage rates remained at historic lows, with one key rate edging down even lower since yesterday. Overall, mortgage interest rates have trended down for the past five days, ending the week lower than they were last Friday.

  • 30-year fixed mortgage rates: 2.750%, unchanged
  • 20-year fixed mortgage rates: 2.500%, down from 2.625%, -0.125
  • 15-year fixed mortgage rates: 2.000%, unchanged
  • 10-year fixed mortgage rates: 2.000%, unchanged

Rates last updated on August 6, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

What this means: Despite expectations that higher rates are on the way, today’s mortgage rates continue to remain at levels that represent significant savings opportunities for homebuyers. Edging back down to 2.500%, 20-year rates may be particularly attractive for buyers who wish to combine a longer term and lower monthly payment with lower overall interest costs.

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

Browse rates from multiple 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 star rating of 4.7 (out of a possible 5.0).

Looking at today’s mortgage refinance rates

Today’s mortgage refinance rates have remained unchanged since yesterday. With shorter term mortgage refinance rates at just 2.000%, homeowners may be able to pay off their homes sooner at a significant interest savings over the life of their loans. If you’re considering refinancing an existing home, check out what refinance rates look like:

  • 30-year fixed refinance rates: 2.750%, unchanged
  • 20-year fixed refinance rates: 2.500%, unchanged
  • 15-year fixed refinance rates: 2.000%, unchanged
  • 10-year fixed refinance rates: 2.000%, unchanged

Rates last updated on August 6, 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.

Credible has earned a 4.7 star rating (out of a possible 5.0) on Trustpilot and more than 4,500 reviews from customers who have safely compared prequalified rates.

How to get low mortgage rates

Mortgage and refinance rates are affected by many economic factors, like unemployment numbers and inflation. But your personal financial history will also determine…



Read More: Today’s mortgage rates nudge further into record-low territory | August 6, 2021

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