If you buy through our links, we may earn money from affiliate partners. Learn more.
Mortgage rates have decreased since last Sunday. Some refinance rates have gone down, while others have gone up.
You might want to lock in a low rate with a fixed-rate mortgage instead of risking your rate going up later with an adjustable-rate mortgage.
Mortgage rates are usually low when the economy is struggling. The coronavirus pandemic has hurt the US economy, and it’s taking a while for the country to recover.
Christian Wallace, Head of Real Estate Services at Better.com, told Insider that rates will probably stay low while the US waits to see if there is a fourth wave of coronavirus. A fourth wave could hurt the economy by causing more people to stay home.
It could be a good day to get a low mortgage rate. But don’t worry if you aren’t ready to buy or refinance yet, because rates will probably stay low for a while.
Rates from Money.com
Learn more and get offers from multiple lenders.»
Mortgage rates are low overall, and fixed rates are much lower than adjustable rates.
These are the national average rates for conventional mortgages, which might be what you think of “regular mortgages.” You could get a lower rate on a government-backed mortgage through the FHA, VA, or USDA.
Rates from Money.com
