Today's mortgage rates above 3% for the first time this month | March 15, 2021
- 30-year fixed mortgage rates: 3.125%, Up from 2.875%, +0.250
- 20-year fixed mortgage rates: 2.875%, Up from 2.625%, +0.250
- 15-year fixed mortgage rates: 2.375%, Up from 2.125%, +0.250
- 10-year fixed mortgage rates: 2.250%, Up from 1.875%, +0.375
Rates last updated on March 15, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
- Check out mortgage refinance rates
- Compare home purchase 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. Fixed mortgages saw a huge spike today, with the average mortgage rate hitting 2.750%. The spike represents a significant week-over-week increase. Last week, mortgage refinance rates were at a notably lower 2.500%, as all rates sat comfortably below 3%. If you’re considering refinancing an existing home, check out what refinance rates look like:
- 30-year fixed-rate refinance: 3.125%, up from 2.875%, +0.250
- 20-year fixed-rate refinance: 3.000%, Up from 2.750%, +0.250
- 15-year fixed-rate refinance: 2.500%, Up from 2.250%, +0.250
- 10-year fixed-rate refinance: 2.375%, Up from 2.000%, +0.375
Rates last updated on March 15, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
Current mortgage rates
Mortgage interest rates reached their highest point so far this month, with 30-year rates topping 3.125%. Meanwhile, 15-year rates managed to stay closer to historical lows, rising slightly to 2.375%.
Current 30-year mortgage rates
The current interest rate for a 30-year fixed-rate mortgage is 3.125%. This is up from last Friday.
Current 20-year mortgage rates
The current interest rate for a 20-year fixed-rate mortgage is 2.875%. This is up from last Friday.
Current 15-year mortgage rates
The current interest rate for a 15-year fixed-rate mortgage is 2.375%. This is up from last Friday.
Current 10-year mortgage rates
The current interest rate for a 10-year fixed-rate mortgage is 2.250%. This is up from last Friday.
Rates last updated on March 15, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
How mortgage rates have changed
Today, mortgage rates are up compared to this time last week.
- 30-year fixed mortgage rates: 3.125%, up from 2.875% last week, +0.250
- 20-year fixed mortgage rates: 2.875%, up from 2.750% last week, +0.125
- 15-year fixed mortgage rates: 2.375%, up from 2.125% last week, +0.250
- 10-year fixed mortgage rates: 2.250%, up from 2.000% last week, +0.250
Rates last updated on March 15, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
How to get low mortgage rates
Current 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.
Mortgage interest rates by loan type
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:
- 30 Year Refinance Rates
- 20 Year Refinance Rates
- 15 Year Refinance Rates
- 10 Year Refinance Rates
Home purchase:
- 30 Year Mortgage Rates
- 20 Year Mortgage Rates
- 15 Year Mortgage Rates
- 10 Year Mortgage Rates