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Today’s interest rates remain at a bottom of 44 days November 20, 2020



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See the mortgage rates for November 20, 2020, which are unchanged from yesterday. (iStock)

Based on data collected by Credible Operations, Inc., NMLS Number 1681276, mortgage rates remain unchanged from yesterday.

  • 30-year fixed rate mortgages: 2.625%, unchanged
  • 20-year fixed rate mortgages: 2.500%, unchanged
  • 15-year fixed rate mortgages: 2,000%, no change

Prices were last updated on November 20, 2020. These rates are based on the assumptions shown here. Actual rates may vary.

To find the best mortgage rate, start with Credible. Credible can show you current mortgage rates for conventional loans from multiple lenders and help you make an informed decision about your home loan.

Considering today’s refinancing rates

Today’s mortgage refinancing rates remain unchanged from yesterday. Mortgage refinancing rates average 2.625% for 30-year, 20-year and 15-year fixed-rate loans. If you are considering refinancing an existing home, check out what the refinancing rates look like:

  • 30-year flat-rate refinancing: 2.750%, unchanged
  • 20-year flat-rate refinancing: 2.750%, unchanged
  • 15-year flat-rate refinancing: 2.375%, unchanged

Prices were last updated on November 20, 2020. These rates are based on the assumptions shown here. Actual rates may vary.

A site like Credible can be a great help when you are ready to compare mortgage loans for refinancing. Reliable allows you to see pre-qualified rates for conventional mortgages from multiple lenders within minutes. Visit Credible today to get started.

Current interest rates

Today, mortgage interest rates average up to 2.375% for 30-year, 20-year and 15-year loans – tied to the lowest registered in 44 consecutive days. Prices have not moved from this level since Monday, November 16.

Current 30-year fixed rate mortgages

The current interest rate for a 30-year fixed rate mortgage is 2.625%. It’s the same as yesterday.

Current 20-year fixed rate mortgages

The current interest rate for a 20-year fixed rate mortgage is 2,500%. It’s the same as yesterday.

Current 15-year fixed rate mortgages

The current interest rate for a 15-year fixed-rate mortgage is 2,000%. It’s the same as yesterday.

You can explore your mortgage options in minutes by visiting Credible to compare current rates from different lenders. Check out Credible and qualify today.

Prices were last updated on November 20, 2020. These rates are based on the assumptions shown here. Actual rates may vary.

How mortgage rates have changed

Mortgage rates are broadly unchanged from last week, with the exception of 15-year fixed interest rates.

  • 30-year fixed rate mortgages: 2.625%, the same as last week
  • 20-year fixed rate mortgages: 2,500%, the same as last week
  • 15-year fixed rate mortgages: 2,000%, down 2.125% last week, -0.125

Prices were last updated on November 20, 2020. These rates are based on the assumptions shown here. Actual rates may vary.

If you are trying to find the right rate for your home mortgage, consider using Credible. You can use Credible’s free online tool to easily compare several lenders and see pre-qualified prices in just a few minutes.

The factors behind today’s interest rates

Current interest rates and refinancing are influenced by many economic factors, such as the number of unemployment and inflation. But your personal financial history will also determine the interest rates that are offered to you.

Greater economic factors

  • Strength of the economy
  • Inflation
  • Hiring
  • Consumer spending
  • Housing construction and other market conditions
  • Stock and bond markets
  • Profitability from the 10-year treasury
  • Federal Reserve policies

Personal economic factors

  • Credit rating
  • Credit history
  • Amount of the initial payment
  • Loan / value ratio
  • Type, amount and term of the loan
  • Debt / income ratio
  • Location of the property

How to get your lowest mortgage rate

If you want low interest rates, improving your credit rating and paying off other debts can provide you with a lower rate. The amount of your down payment also affects interest rates, and a low down payment is likely to bring you a higher rate.

It is also a good idea to compare interest rates from different lenders to find the best rate for your financial purposes. According to a study by Freddie Mac, borrowers can save an average of $ 1,500 over the life of their loan by shopping for just one additional price – and an average of $ 3,000 by comparing five quotes.

A trusted one can help you compare current interest rates from multiple mortgage lenders at once in just a few minutes. Use Credible’s online tools and get pre-qualified today.

Mortgage interest rates by type of loan

Whether you are buying a home buyer for a 30- or 15-year mortgage for the first time or want to refinance an existing home, Credible can help you find the right mortgage for your financial purposes.

Be sure to check these interest rates, which you will be able to compare by annual rate (APR) as well as interest rate:


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