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Today’s Mortgage Rates & Trends – September 20, 2021: Rates rise further

Mortgage rates extended their upward trajectory Friday, rising notably for a second day after more than a week of sinking slowly. The rise still, however, keeps the flagship 30-year rate within the narrow eighth of a point range above 3% where it’s been hovering since the first week of August. 30-Year Fixed 3.09% 3.19% FHA 30-Year Fixed 2.92% 3.05% Jumbo 30-Year Fixed 3.17% 3.34% 15-Year Fixed 2.35% 2.45% 5/1 ARM 2.36% 2.75% National averages of the lowest rates offered by more than 200 of the country’s top lenders, with a loan-to-value ratio (LTV) of 80%, an applicant with a FICO credit score of 700-760, and no mortgage points. Today’s National Mortgage Rate Averages

Mortgage rates climbed again Friday, with the 30-year fixed-rate average rising another three basis points to 3.09%. The 30-year rate has bobbed around between 3.00% and 3.13% for more than a month, and currently sits 20 points above the five-month low of 2.89% set on August 3.

Averages on 15-year fixed mortgages gained even more Friday, abruptly rising six basis points to 2.35% and representing a 14-point premium over early August. Meanwhile, Jumbo 30-year rates held steady at 3.17%, keeping the average 11 points over last month’s five-month low.

Refinance rates were also up, with fixed-rate refinancing priced 10 to 17 basis points higher than new purchase rates. Notably, Jumbo 30-year refinance rates are currently just four basis points above their lowest levels since February.

The rates you see here generally won’t compare directly with teaser rates you see advertised online, since those rates are cherry-picked as the most attractive. They may involve paying points in advance, or may be selected based on a hypothetical borrower with an ultra-high credit score or taking a smaller-than-typical loan given the value of the home. 30-Year Fixed 3.09% +0.03 FHA 30-Year Fixed 2.92% +0.05 VA 30-Year Fixed 2.93% +0.06 Jumbo 30-Year Fixed 3.17% No Change 20-Year Fixed 2.86% +0.05 15-Year Fixed 2.35% +0.06 Jumbo 15-Year Fixed 2.88% +0.01 10-Year Fixed 2.27% +0.06 10/1 ARM 3.28% +0.45 10/6 ARM 3.53% +0.45 7/1 ARM 2.43% -0.05 Jumbo 7/1 ARM 2.22% No Change 7/6 ARM 3.64% +0.52 Jumbo 7/6 ARM 2.40% No Change 5/1 ARM 2.36% +0.13 Jumbo 5/1 ARM 2.07% No Change 5/6 ARM 3.79% +0.29 Jumbo 5/6 ARM 2.56% +0.12 30-Year Fixed 3.19% +0.03 FHA 30-Year Fixed 3.05% +0.05 VA 30-Year Fixed 3.12% +0.07 Jumbo 30-Year Fixed 3.34% +0.01 20-Year Fixed 2.99% +0.06 15-Year Fixed 2.45% +0.05 Jumbo 15-Year Fixed 3.05% No Change 10-Year Fixed 2.41% +0.06 10/1 ARM 3.54% +0.57 10/6 ARM 3.45% +0.28 7/1 ARM 3.01% -0.61 Jumbo 7/1 ARM 2.46% No Change 7/6 ARM 4.13% +0.82 Jumbo 7/6 ARM 2.60% No Change 5/1 ARM 2.75% +0.13 Jumbo 5/1 ARM 2.31% No Change 5/6 ARM 4.51% -0.04 Jumbo 5/6 ARM 2.66% +0.12 Lowest Mortgage Rates by State

The lowest mortgage rates available vary depending on the state where originations occur. Mortgage rates can be influenced by state-level variations in credit score, average mortgage loan term, and size, as well […]

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