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Check out the mortgage rates for April 12, 2021, which are trending up from last Friday. (iStock)
Based on data compiled by Credible Operations, Inc., NMLS Number 1681276, mortgage rates have remained unchanged since last Friday, with the exception of 30-year rates, which have jumped to 3% again.
- 30-year fixed mortgage rates: 3.000%, Up from 2.875%, +0.125
- 20-year fixed mortgage rates: 2.750%, Unchanging
- 15-year fixed mortgage rates: 2.250%, Unchanging
- 10-year fixed mortgage rates: 2.000%, Unchanging
Rates last updated on April 12, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
To find the best mortgage rate, start by using Credible, which can show you current mortgage and refinance rates:
Browse rates from multiple lenders so you can make an informed decision about your home loan.
Looking at today’s mortgage refinance rates
Today’s mortgage refinance rates have risen since last Friday, except for 30-year rates, which have held firm and remain lower than the monthly average for March 2021. Today marks the first day of increases in April, and yet, rates continue to hover near historical standards, according to Freddie Mac. If you’re considering refinancing an existing home, check out what refinance rates look like:
- 30-year fixed refinance rates: 3.125%, Unchanging
- 20-year fixed refinance rates: 2.875%, Up from 2.750%, +0.125
- 15-year fixed refinance rates: 2.375%, Unchanging
- 10-year fixed refinance rates: 2.250%, Up from 2.125%, +0.125
Rates last updated on April 12, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
A site like Credible can be a big help when you’re ready to compare mortgage refinance loans. Credible lets you see prequalified rates for conventional mortgages from multiple lenders all within a few minutes. Visit Credible today to get started.
Current mortgage rates
After hitting new lows last week, mortgage interest rates rose slightly today. The average rate across all loan types remains at 2.500%, down from 2.594% this time last week.
Current 30-year mortgage rates
The current interest rate for a 30-year fixed-rate mortgage is 3.000%. This is up from last Friday.
Current 20-year mortgage rates
The current interest rate for a 20-year fixed-rate mortgage is 2.750%. This is the same as last Friday.
Current 15-year mortgage rates
The current interest rate for a 15-year fixed-rate mortgage is 2.250%. This is the same as last Friday.
Current 10-year mortgage rates
The current interest rate for a 10-year fixed-rate mortgage is 2.000%. This is the same as last Friday.
You can explore your mortgage options in minutes by visiting Credible to compare current rates from various lenders who offer mortgage refinancing as well as home loans. Check out Credible and get prequalified today, and take a look at today’s refinance rates through the link below.
Rates last updated on April 12, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
How mortgage rates have changed
Today, mortgage rates are down compared to this time last week.
- 30-year fixed mortgage rates: 3.000%, down from 3.125% last week, -0.125
- 20-year fixed mortgage rates: 2.750%, the same as last week
- 15-year fixed mortgage rates: 2.250%, down from 2.375% last week, -0.125
- 10-year fixed mortgage rates: 2.000%, down from 2.125% last week, -0.125
Rates last updated on April 12, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
If you’re trying to find the right rate for your home mortgage or looking to refinance an existing home, consider using Credible. You can use Credible's free online tool to easily compare multiple lenders and see prequalified rates in just a few minutes.
The forecast for mortgage rates in 2021
While it’s impossible to fully predict what mortgage rates will look like in the future, experts can analyze several key indicators to predict future rate trends.
Are you wondering whether you should wait to refinance or buy a home? Take a look at what researchers at Freddie Mac and Fannie Mae think rates will look like for the rest of the year. Keep in mind the rates you actually qualify for will be determined by things like your credit score and down payment percentage in addition to current rates, so actual rates will vary.
Freddie Mac’s mortgage rate forecast
Researchers at Freddie Mac expect mortgage rates to rise slightly throughout 2021, citing the Federal Reserve’s commitment to keeping interest rates low for the foreseeable future.
Here are Freddie Mac’s predictions for how 30-year fixed rates will look for the rest of the year:
- Q2 (April to June): 2.9%
- Q3 (July to September): 3.0%
- Q4 (October to December): 3.0%
Fannie Mae’s mortgage forecast
Fannie Mae researchers anticipate mortgage rates to trend slightly higher this year, citing an ongoing rise in the 10-year Treasury yield. Ultimately, though, Fannie Mae experts believe lenders will "absorb" some of the elevated costs as "refinance demand gradually wanes" — keeping rates at relatively stable levels.
Based on rates from this January, here’s what Fannie Mae economists predict 30-year fixed rates will look like for the rest of 2021:
- Q2 (April to June): 2.8%
- Q3 (July to September): 2.9%
- Q4 (October to December): 2.9%
How to get low mortgage rates
Mortgage and refinance rates are affected by many economic factors, like unemployment numbers and inflation. But your personal financial history will also determine the rates you’re offered.
If you want to get the lowest possible monthly mortgage payment, taking the following steps can help you secure a lower rate on your home loan:
- Improving your credit score
- Paying down debt
- Making a bigger down payment
It’s also a good idea to compare rates from different lenders to find the best rate for your financial goals. According to research from Freddie Mac, borrowers can save $1,500 on average over the life of their loan by shopping for just one additional rate quote — and an average of $3,000 by comparing five rate quotes.
Credible can help you compare current rates from multiple mortgage lenders at once in just a few minutes. Are you looking to refinance an existing home? Use Credible’s online tools to compare rates and get prequalified today.
Mortgage interest rates by loan type
Whether you’re a first-time homebuyer shopping for a 30- or 15-year mortgage, or you’re looking to refinance an existing home, Credible can help you find the right mortgage for your financial goals.
Before you fill out your mortgage application, check out these loan rates, which you’ll be able to compare by annual percentage rate (APR) as well as interest rate:
Mortgage refinance:
Home purchase:
Have a finance-related question, but don't know who to ask? Email The Credible Money Expert at moneyexpert@credible.com and your question might be answered by Credible in our Money Expert column.