Mortgage Direct Inc.

Today’s Mortgage Interest Rates: Party’s Over? Rates Top 3%

Natalie Campisi Forbes Advisor Staff

Say goodbye to sub-3% mortgage rates—at least for now. The average rate on a 30-year fixed-rate mortgage is 3.02%, the first time in nearly eight months it’s broken the 3% barrier.

This is not a surprising development. Many experts predicted rates would rise in 2021, buoyed by more stimulus relief and Covid-19 vaccine rollout. That’s exactly what’s happening.

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https://www.businessinsider.com/personal-finance/mortgage-refinance-rates-today-february-18-2021-2 's-mortgage-refinance-rates:-thursday,-february-18,-2021

Today's mortgage and refinance rates: February 18, 2021 | Rates rise Mortgage rates are on the upswing today, but they remain at all-time lows. It could be a good time to lock in a low rate.