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Mortgage Refinance Rates Today, Thursday, July 21

July 21, 2016
Managing Your Mortgage, Mortgages
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Thirty-year fixed mortgage refinance rates are higher Thursday, while 15-year fixed and 5/1 ARM refinance rates are unchanged, according to a survey of national lenders by NerdWallet.

“Post-Brexit volatility tapered off over the last two weeks, allowing interest rates to bounce back a bit from their record (10-year Treasury yield) and near-record (30-year mortgage rate) lows,” Sean Becketti, chief economist for Freddie Mac, said in a release. “This week, the 30-year fixed mortgage rate increased 3 basis points to a still-quite-low 3.45%. With the Federal Reserve on hold and the UK monetary authority taking at least a one-month breather, we don’t expect any significant movement in mortgage rates in the near-term.”

NerdWallet compiles annual percentage rates — lender interest rates plus fees, the most accurate way for consumers to compare rates. Here are today’s average rates for the most popular mortgage refinance terms:

Refinance Mortgage Rates: July 21, 2016

(Change from 7/20)

30-year fixed: 3.74% APR (+0.02)

15-year fixed: 3.07% APR (NC)

5/1 ARM: 3.46% APR (NC)

Homeowners looking to lower their mortgage rate can shop refinance lenders here.

NerdWallet daily mortgage rates are an average of the published APR with the lowest points for each loan term offered by a sampling of major national lenders. Annual percentage rate quotes reflect an interest rate plus points, fees and other expenses, providing the most accurate view of the costs a borrower might pay.