What are today’s mortgage rates? For today, December 3rd, 2021, the current average mortgage rate on the 30-year fixed-rate mortgage is 2.956%, the average rate for the 15-year fixed-rate mortgage is 2.215%, and the average rate on the 5/1 adjustable-rate mortgage (ARM) is 2.746%.
Herein, are interest rates going up in 2021?
It is becoming more likely that rates will increase this year with the Bank of England expects inflation to head above 4% by the end of 2021.
Furthermore, is 2.75 interest rate good for mortgage?
Is 2.875 a good mortgage rate? Yes, 2.875 percent is an excellent mortgage rate. It’s just a fraction of a percentage point higher than the lowest–ever recorded mortgage rate on a 30–year fixed–rate loan.
Is a 2.8 interest rate good?
Anything at or below 3% is an excellent mortgage rate. … For example, if you get a $250,000 mortgage with a fixed 2.8% interest rate on a 30-year term, you could be paying around $1,027 per month and $119,805 interest over the life of your loan.
What is the downside to rocket mortgage?
Cons. Getting a customized interest rate requires a credit check, which can affect your credit score. Doesn’t offer home equity loans or lines of credit. Lender fees are on the high side and the fees aren’t offset by particularly low mortgage rates, according to the latest data.
What is the lowest ever mortgage rate?
The mortgage rates trend continued to decline until rates dropped to 3.31% in November 2012 — the lowest level in the history of mortgage rates.