Mortgage Rates

Mortgage Charge Offers For Week Ending Oct. 9, 2021: Prime Provides From Lenders


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Bankrate follows a strict editorial policy so you can be confident that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content that will help you make the right financial decisions. The content created by our editorial team is objective, factual and is not influenced by our advertisers.

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Mortgage rates advertised on have remained stable over the past week. The average mortgage interest rate that Bankrate readers clicked on Thursday was 2.54 percent, unchanged from the previous Thursday. Mortgage rates remain historically low, which makes it a good time to take out a mortgage or refinance.

This “clicked” rate reflects purchase mortgages and refinances with all maturities, including 30- and 15-year loans. The prices may include discount points.

The cutest offers come with reservations. For example, to get the best combination of tariff and cost, you generally need a credit score of 740 or more and a down payment of 20 percent or more. And many of the lowest prices posted on include discount points, a way to lower the price by paying more when you close.

Mortgage rates are constantly changing and have been near all-time lows for months. The upward and downward trends reflect the unpredictability of the mortgage market as the economy continues to recover from the COVID-19 recession.

Even after their recent moves, rates remain much lower than they did before the coronavirus pandemic, which drove rates to record lows. This means that refinancing your mortgage can still make sense.

Take away key

Make sure you shop around – you can save thousands of dollars by getting at least three bids.

Compare mortgage rates in your area now.

Average click-through rate for purchase credits

The average clicked interest rate by Bankrate readers for 30-year purchase mortgages rose from 2.8 percent seven days earlier to 2.81 percent. At this average rate, you’ll pay $ 411.43 per month in principal and interest for every $ 100,000 you borrow.

Average clicked interest rate for refinancing loans

The average interest rate clicked on by Bankrate readers for 30-year refinancing remained unchanged from the previous day at 2.63 percent.

You can use Bankrate’s mortgage payment calculator to work out your monthly payments and see the impact of additional payments. The tool will also help you determine the amount of interest that you will pay over the life of the loan.

Compare the refinancing rates in your area now.

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