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Most mortgage and refinance rates remain since last Sunday, and are down since this time last month.
Mortgage rates should stay low for at least a few more months, so you don’t need to rush to take advantage of today’s low rates if you aren’t ready. But if you’re prepared to buy or refinance, shop around for lenders to compare their rates.
Ask each lender for a loan estimate. This is an itemized list of fees that helps you compare what you’ll pay from lender to lender. Ideally, you’d choose a lender that charges a relatively low rate and low fees.
Conventional rates from Money.com; government-backed rates from RedVentures.
Learn more and get offers from multiple lenders »
Although mortgage rates are low overall today, adjustable rates are much higher than fixed rates.
Rates for conventional mortgages, which you might think of as “regular mortgages,” are already low. But you can usually 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 good options if you’re eligible.
Conventional rates from Money.com; government-backed rates from RedVentures.
Compare offers from refinancing lenders »
You could refinance into a 15-year mortgage and lock in a rate under 3%. You’ll…
