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Mortgage and refinance rates have mostly risen or remained steady since last Saturday and since this time last month. It could be a good day to apply for preapproval and lock in a low mortgage rate.
You may want to get a fixed rate rather than an adjustable one. Fixed rates are starting significantly lower than adjustable rates these days. You’d also risk your rate increasing later with an ARM, while a fixed-rate mortgage locks in your rate for the entire life of your loan.
Conventional rates from Money.com; government-backed rates from RedVentures.
Learn more and get offers from multiple lenders »
Today’s mortgage rates are low across the board, and the lowest is the 15-year fixed rate.
Rates for conventional mortgages, which you might think of as “regular mortgages,” are already low. But you can often get an even lower rate with a government-backed mortgage through the FHA or VA, depending on which term length you want. Government mortgages are solid options if you’re eligible.
Conventional rates from Money.com; government-backed rates from RedVentures.
Compare offers from refinancing lenders »
Refinance rates tend to be higher than purchase mortgage rates, but today’s rates are low in general.
Mortgage rates are at historic lows, so it could be a good day…
