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Today August 26, 2021, according to Bankrate’s latest survey. The economy, treasury bond rates, and demand are the factors driving mortgage rates which change all the time.
The average interest rate for a home purchase for the term of 30 years with a fixed rate is 3.03% with an APR of 3.26%
The average interest rate for a 20-year fixed-rate home is 2.85% with an APR of 3.05%
The average interest rate for a 15-year fixed-rate home purchase is 2.33% with an APR of 2.64%
The average interest rate for a 7/1 ARM is 3.01% and the APR is 3.73%
The average interest rate for a 5/1 ARM is 2.80% and the APR is 3.91%
The 30 years VA rate is 2.69% APR 2.88%
The 30 year FHA rate is 2.62% APR 3.51%
The 30 years fixed jumbo loan rate is 3.05% with an APR of 3.17%
Many Americans can cut their monthly payments by refinancing their loan, the refinancing rates today are:
30 year fixed rate revolves at 3.02%
15-year fixed-rate refinance rate is 2.33% APR 2.55%
The 7/1 ARM rate for refinancing is 3.49%, 3.71% APR
The 5/1 ARM rate is 2.73% with a 3.98% APR
The 30 year fixed jumbo refinance rate is 3.03% with a 3.11% APR
