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Bankrate's lowest rates for Sep. 27, 2021

We've helped millions find a mortgage

Founded in 1976, Bankrate has a long track record of helping people make smart financial decisions. Along your homebuying journey, we'll pinpoint your best mortgage offers and provide next steps — all while protecting your privacy, personal information and credit score.

The trusted name in personal finance

We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.

Our editorial integrity

Our goal is to give you the best advice to help you make smart financial decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers, so while this post may contain references to products from our partners, our commitment to editorial integrity ensures you can trust that you’re getting credible and dependable information. Here's an explanation for how we make money.

Compare current mortgage rates for today

Written by Jeff Ostrowski
Reviewed by Greg McBride, CFA

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money.

By Jeff Ostrowski, Reviewed by Greg McBride, CFA

On , the national average 30-year fixed mortgage APR is 3.240%. The average 15-year fixed mortgage APR is 2.580%, according to Bankrate’s latest survey of the nation’s largest mortgage lenders.

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money.

Today's national mortgage rate trends

For today, Friday, September 24, 2021, the average APR for a 30-year fixed mortgage is 3.24%, an increase of 2 basis points over the last week. If you're looking to refinance, the national average 30-year fixed refinance APR is 3.16%, an increase of 3 basis points over the last seven days. Meanwhile, the national average 15-year fixed refinance APR is 2.49%, unchanged over the last week. Whether you're buying or refinancing, Bankrate often has offers well below the national average to help you finance your home for less.

We’ve determined the national averages for mortgage and refinance rates from our most recent survey of the nation’s largest mortgage lenders. Our own mortgage and refinance rates are calculated at the close of the business day, and include annual percentage rates and/or annual percentage yields. The rate averages tend to be volatile, and are intended to help consumers identify day-to-day movement.

Note: The rates quoted above are Bankrate's overnight average rates, which are collected from some of the nation's top lenders after the close of each business day. These averages tend to be volatile, but help consumers see the movement of rates day to day.

About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our "Advertisers"). Other lenders' terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a "Next" button that can be used to click-through to the Advertiser's own website or a phone number for the Advertiser.

Availability of Advertised Terms: Each Advertiser is responsible for the accuracy and availability of its own advertised terms. Bankrate cannot guaranty the accuracy or availability of any loan term shown above. However, Bankrate attempts to verify the accuracy and availability of the advertised terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. Click here for rate criteria by loan product.

Loan Terms for Bankrate.com Customers: Advertisers may have different loan terms on their own website from those advertised through Bankrate.com. To receive the Bankrate.com rate, you must identify yourself to the Advertiser as a Bankrate.com customer. This will typically be done by phone so you should look for the Advertisers phone number when you click-through to their website. In addition, credit unions may require membership.

Loans Above $548,250 May Have Different Loan Terms: If you are seeking a loan for more than $548,250, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount.

Taxes and Insurance Excluded from Loan Terms: The loan terms (APR and Payment examples) shown above do not include amounts for taxes or insurance premiums. Your monthly payment amount will be greater if taxes and insurance premiums are included.

Consumer Satisfaction: If you have used Bankrate.com and have not received the advertised loan terms or otherwise been dissatisfied with your experience with any Advertiser, we want to hear from you. Please click here to provide your comments to Bankrate Quality Control.

We've helped millions find a mortgage

Founded in 1976, Bankrate has a long track record of helping people make smart financial decisions. Along your homebuying journey, we'll pinpoint your best mortgage offers and provide next steps — all while protecting your privacy, personal information and credit score.

The trusted name in personal finance

We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.

Our editorial integrity

Our goal is to give you the best advice to help you make smart financial decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers, so while this post may contain references to products from our partners, our commitment to editorial integrity ensures you can trust that you’re getting credible and dependable information. Here's an explanation for how we make money.

Bankrate expert weekly mortgage rate insight

Mortgage rates dipped during the week ending Sept. 15, extending the opportunity for homeowners hoping to refinance their home loans before rates start moving up in earnest. The average cost of a 30-year fixed-rate mortgage fell to 3.03 percent, down 2 basis points from the previous week, according to Bankrate's national survey of lenders. Rates reached a record low of 2.93 percent in January.

The 15-year fixed-rate mortgage fell to 2.29 percent from 2.37 percent the previous week. The 30-year fixed-rate loans in this week's survey included an average total of 0.35 discount and origination points.

You might be able to find an even better deal: The mortgage offers advertised on Bankrate.com were just 2.42 percent as of Sept. 11. This “clicked-on” rate reflects purchase mortgages and refinances with all terms, including 30- and 15-year loans. The rates may include discount points.

 

Mortgage FAQs

 

Do you already own a home and want to refinance?

Refinancing your mortgage can be a good financial move if you lock in a lower rate. However, there are upfront costs associated with refinancing, such as appraisals, underwriting fees and taxes, so you’ll want to be sure the savings outpace the refinance price tag in a reasonable amount of time, say 18 to 24 months.

While mortgage rates have risen from the record lows of late 2020 and early 2021, they remain at historically low levels. That means millions of homeowners still could save by refinancing. Reducing your rate isn’t the only reason to refinance. It’s also possible to tap into your home equity to pay for home renovations. Or, if you want to pay down your mortgage more quickly, you can shorten your term to 20, 15 or even 10 years. And because home values have risen sharply, it’s possible that a refinance could free you from paying for private mortgage insurance.

For more information, visit Bankrate’s mortgage refinancing hub. Learn more about refinance rates.

Check out Bankrate’s guide to paying for repairs and 203(k) mortgages for more information.

Written by: Jeff Ostrowski, senior mortgage reporter for Bankrate

Jeff Ostrowski covers mortgages and the housing market. Before joining Bankrate in 2020, he wrote about real estate and the economy for the Palm Beach Post and the South Florida Business Journal.

Read more from Jeff Ostrowski

Reviewed by: Greg McBride, chief financial analyst for Bankrate

Greg McBride, CFA, is Senior Vice President, Chief Financial Analyst, for Bankrate.com. He leads a team responsible for researching financial products, providing analysis, and advice on personal finance to a vast consumer audience.

Read more from Greg McBride


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