Current Mortgage Refinance Rates — July 22, 2021: Rates Continue Downward Trend

current mortgage refinance rates july 22 2021 rates continue downward trend

Sumary of Current Mortgage Refinance Rates — July 22, 2021: Rates Continue Downward Trend:

  • This is good news for borrowers looking to refinance their home loan.
  • Although refinance rates are up a bit from recent record lows, there are still great opportunities to secure an affordable refinance loan.
  • Check out average mortgage refinance rates for July 22, 2021 to get an idea of how much a refinance loan would cost you:Data source: The Ascent’s national mortgage interest rate tracking.
  • 30-year mortgage refinance ratesThe average 30-year mortgage refinance loan rate today is 3.087%, down 0.028% from yesterday’s average of 3.115%.
  • At today’s average rate, the monthly principal and interest payment would add up to $426 per $100,000 in refinanced mortgage debt.
  • Over the life of the refinance loan, you’d pay total interest costs of $53,472 per $100,000 borrowed.
  • 20-year mortgage refinance ratesThe average 20-year mortgage refinance loan rate today is 2.852%, down 0.027% from yesterday’s average of 2.879%.
  • If you refinance at today’s average rate, you’d have a monthly principal and interest payment of $547 per $100,000 borrowed.

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