Personal finance

Today’s mortgage and refinance rates: July 9, 2021

Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Personal Finance

Current mortgage ratesMortgage typeAverage rate today15-year fixed2.37%30-year fixed3.31%7/1 ARM3.77%10/1 ARM3.69%30-year FHA2.62%VA mortgage loan2.73%

Conventional rates from Money.com; government-backed rates from RedVentures.

Current refinance ratesMortgage typeAverage rate today15-year fixed2.61%30-year fixed3.74%7/1 ARM4.0%10/1 ARM4.10%30-year FHA2.66%VA mortgage loan2.76%

Conventional rates from Money.com; government-backed rates from RedVentures.

How mortgage rates have changedMortgage rate trendsMortgage typeAverage rate todayAverage rate last week15-year fixed2.37%2.48%30-year fixed3.31%3.41%7/1 ARM3.77%4.10%10/1 ARM3.69%4.26%30-year FHA2.62%2.79%VA mortgage loan2.73%2.73%

Conventional rates from Money.com; government-backed rates from RedVentures.

Refinance rate trendsMortgage typeAverage rate todayAverage rate last week15-year fixed2.61%2.67%30-year fixed3.74%3.86%7/1 ARM4.0%4.27%10/1 ARM4.10%4.61%30-year FHA2.66%2.82%VA mortgage loan2.76%2.77%

Conventional rates from Money.com; government-backed rates from RedVentures.

The forecast for mortgage rates in 2021

Mortgage rates should stay low for a couple more months, but you may see rates start rising in late summer or fall.

Mortgage rates heavily rely on employment and inflation in the US. When employment numbers and inflation improve, mortgage rates increase; when they get worse, mortgage rates decrease.

Unemployment and inflation need to have long-term, steady growth for mortgage rates to increase, though. If both continue to improve over the next couple of months, we could see higher rates.

Popular Articles

Laura Grace Tarpley is an editor at Insider, responsible for banking and mortgage coverage on Personal Finance Insider. She covers mortgage rates, refinance rates, lenders, bank accounts, and borrowing and savings tips. She is also a Certified Educator in Personal…

Read More

Best Mortgage Rates Today: Friday July 9, 2021

Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. What you decide to do with your money is up to you. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.

Was this article helpful for you?

Receive a selection of our best stories daily based on your reading preferences.

Newsletter

Sign up for the Personal Finance newsletter for tips & tricks on taking your personal finance to the next level.

Loading Something is loading.

More: Today’s Mortgage Rates Mortgage Mortgages mortgage rates

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Close icon Two crossed lines that form an ‘X’. It indicates a way to close an interaction, or dismiss a notification.

Conventional rates from Money.com; government-backed rates from RedVentures.

Source: https://www.businessinsider.com/personal-finance/mortgage-rates-today-july-9-2021-7?op=1

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button