<bi-shortcode id="table-of-contents-sticky" class="mceNonEditable" data-type="h2">Table of Contents: Masthead Sticky</bi-shortcode><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><h2>Current mortgage rates</h2><table style="height: 169px; width: 100%; border-collapse: collapse;" border="1" cellpadding="10px"><tbody><tr style="height: 43px;"><td style="width: 15.3185%; height: 43px; text-align: center;"><strong>Mortgage type</strong></td><td style="width: 19.1401%; text-align: center; height: 43px;"><strong>Average rate today</strong></td></tr><tr style="height: 21px;"><td style="width: 15.3185%; height: 21px; text-align: center;">15-year fixed</td><td style="width: 19.1401%; text-align: center; height: 21px;">2.39%</td></tr><tr style="height: 21px;"><td style="width: 15.3185%; height: 21px; text-align: center;">30-year fixed</td><td style="width: 19.1401%; text-align: center; height: 21px;">3.34%</td></tr><tr style="height: 21px;"><td style="width: 15.3185%; height: 21px; text-align: center;">7/1 ARM</td><td style="width: 19.1401%; text-align: center; height: 21px;">3.93%</td></tr><tr style="height: 21px;"><td style="width: 15.3185%; height: 21px; text-align: center;">10/1 ARM</td><td style="width: 19.1401%; text-align: center; height: 21px;">3.51%</td></tr><tr style="height: 21px;"><td style="width: 15.3185%; text-align: center; height: 21px;">30-year FHA</td><td style="width: 19.1401%; text-align: center; height: 21px;">2.85%</td></tr><tr style="height: 21px;"><td style="width: 15.3185%; text-align: center; height: 21px;">VA mortgage loan</td><td style="width: 19.1401%; text-align: center; height: 21px;">2.77%</td></tr></tbody></table><p><em>Conventional rates from Money.com; government-backed rates from RedVentures.</em></p><div><script async type="text/javascript" id="myFinance-widget-script">!function () {function e() {var s = "myFinance-widget-ad-script";if (!document.getElementById(s)) {var e = document.createElement("script"), n = document.getElementById("myFinance-widget-script"), a = t + "widget/myFinance.js";e.id = s, e.type = "text/javascript", e.async = !0, e.src = a, n.parentNode.insertBefore(e, n);}var c = "myFinance-widget-css";if (!document.getElementById(c)) {var d = document.getElementsByTagName("head")[0], i = document.createElement("link");i.id = c, i.rel = "stylesheet", i.type = "text/css", i.href = t + "widget/myFinance.css", i.media = "all", d.appendChild(i)}}var t = "https://static.myfinance.com/";document.attachEvent ' document.attachEvent("onreadystatechange", function () {"complete" === document.readyState && e()}) : document.addEventListener("DOMContentLoaded", e, !1)}();</script><div class="myFinance-widget" data-widget-id="4fdd3a65-b66e-48dd-a799-11f867bc6b20" data-campaign="bi-refi-multi"></div></div><h2>Current refinance rates</h2><table style="height: 170px; width: 100%; border-collapse: collapse;" border="1" cellpadding="10px"><tbody><tr style="height: 43px;"><td style="width: 25.1302%; height: 43px; text-align: center;"><strong>Mortgage type</strong></td><td style="width: 33.3333%; text-align: center; height: 43px;"><strong>Average rate today</strong></td></tr><tr style="height: 21px;"><td style="width: 25.1302%; height: 21px; text-align: center;">15-year fixed</td><td style="width: 33.3333%; text-align: center; height: 21px;">2.60%</td></tr><tr style="height: 21px;"><td style="width: 25.1302%; height: 21px; text-align: center;">30-year fixed</td><td style="width: 33.3333%; text-align: center; height: 21px;">3.75%</td></tr><tr style="height: 21px;"><td style="width: 25.1302%; height: 21px; text-align: center;">7/1 ARM</td><td style="width: 33.3333%; text-align: center; height: 21px;">4.20%</td></tr><tr style="height: 21px;"><td style="width: 25.1302%; height: 22px; text-align: center;">10/1 ARM</td><td style="width: 33.3333%; text-align: center; height: 22px;">4.16%</td></tr><tr style="height: 21px;"><td style="width: 25.1302%; text-align: center; height: 21px;">30-year FHA</td><td style="width: 33.3333%; text-align: center; height: 21px;">2.84%</td></tr><tr style="height: 21px;"><td style="width: 25.1302%; text-align: center; height: 21px;">VA mortgage loan</td><td style="width: 33.3333%; text-align: center; height: 21px;">2.77%</td></tr></tbody></table><p><em>Conventional rates from Money.com; government-backed rates from RedVentures.</em></p><div><div class="ca-widget" data-token="p83018dcddd4"></div><script async defer src="https://www.consumersadvocate.org/embeds/embedder.js'v=1"></script></div><h2>How mortgage rates have changed</h2><h3>Mortgage rate trends</h3><table style="height: 169px; width: 100%; border-collapse: collapse;" border="1" cellpadding="10px"><tbody><tr style="height: 43px;"><td style="width: 15.3185%; height: 43px; text-align: center;"><strong>Mortgage type</strong></td><td style="width: 19.1401%; text-align: center; height: 43px;"><strong>Average rate today</strong></td><td style="width: 20.3981%; text-align: center; height: 43px;"><strong>Average rate last week</strong></td></tr><tr style="height: 21px;"><td style="width: 15.3185%; height: 21px; text-align: center;">15-year fixed</td><td style="width: 19.1401%; text-align: center; height: 21px;">2.39%</td><td style="width: 20.3981%; text-align: center; height: 21px;">2.45%</td></tr><tr style="height: 21px;"><td style="width: 15.3185%; height: 21px; text-align: center;">30-year fixed</td><td style="width: 19.1401%; text-align: center; height: 21px;">3.34%</td><td style="width: 20.3981%; text-align: center; height: 21px;">3.39%</td></tr><tr style="height: 21px;"><td style="width: 15.3185%; height: 21px; text-align: center;">7/1 ARM</td><td style="width: 19.1401%; text-align: center; height: 21px;">3.93%</td><td style="width: 20.3981%; text-align: center; height: 21px;">4.0%</td></tr><tr style="height: 21px;"><td style="width: 15.3185%; height: 21px; text-align: center;">10/1 ARM</td><td style="width: 19.1401%; text-align: center; height: 21px;">3.51%</td><td style="width: 20.3981%; text-align: center; height: 21px;">3.69%</td></tr><tr style="height: 21px;"><td style="width: 15.3185%; text-align: center; height: 21px;">30-year FHA</td><td style="width: 19.1401%; text-align: center; height: 21px;">2.85%</td><td style="width: 20.3981%; text-align: center; height: 21px;">2.70%</td></tr><tr style="height: 21px;"><td style="width: 15.3185%; text-align: center; height: 21px;">VA mortgage loan</td><td style="width: 19.1401%; text-align: center; height: 21px;">2.77%</td><td style="width: 20.3981%; text-align: center; height: 21px;">2.76%</td></tr></tbody></table><p><em>Conventional rates from Money.com; government-backed rates from RedVentures.</em></p><h3>Refinance rate trends</h3><table style="height: 128px; width: 100%; border-collapse: collapse;" border="1" cellpadding="10px"><tbody><tr style="height: 43px;"><td style="width: 16.2338%; height: 43px; text-align: center;"><strong>Mortgage type</strong></td><td style="width: 28.406%; text-align: center; height: 43px;"><strong>Average rate today</strong></td><td style="width: 26.4712%; text-align: center; height: 43px;"><strong>Average rate last week</strong></td></tr><tr style="height: 21px;"><td style="width: 16.2338%; height: 21px; text-align: center;">15-year fixed</td><td style="width: 28.406%; text-align: center; height: 21px;">2.60%</td><td style="width: 26.4712%; text-align: center; height: 21px;">2.64%</td></tr><tr style="height: 21px;"><td style="width: 16.2338%; height: 21px; text-align: center;">30-year fixed</td><td style="width: 28.406%; text-align: center; height: 21px;">3.75%</td><td style="width: 26.4712%; text-align: center; height: 21px;">3.78%</td></tr><tr style="height: 21px;"><td style="width: 16.2338%; height: 21px; text-align: center;">7/1 ARM</td><td style="width: 28.406%; text-align: center; height: 21px;">4.20%</td><td style="width: 26.4712%; text-align: center; height: 21px;">4.45%</td></tr><tr style="height: 21px;"><td style="width: 16.2338%; height: 22px; text-align: center;">10/1 ARM</td><td style="width: 28.406%; text-align: center; height: 22px;">4.16%</td><td style="width: 26.4712%; text-align: center; height: 22px;">4.27%</td></tr><tr><td style="width: 16.2338%; text-align: center;">30-year FHA</td><td style="width: 28.406%; text-align: center; height: 21px;">2.84%</td><td style="width: 26.4712%; text-align: center; height: 21px;">2.72%</td></tr><tr><td style="width: 16.2338%; text-align: center;">VA mortgage loan</td><td style="width: 28.406%; text-align: center; height: 21px;">2.77%</td><td style="width: 26.4712%; text-align: center; height: 21px;">2.78%</td></tr></tbody></table><p><em>Conventional rates from Money.com; government-backed rates from RedVentures.</em></p><h2>Mortgage and refinance rates by state</h2><p>Check the latest rates in your state at the links below.</p><p style="column-count: 3; font-size: 13px; font-style: normal; margin: 0;"><a href="https://www.businessinsider.com/personal-finance/alabama-mortgage-rates" target="_blank" rel="noopener">Alabama</a><br><a href="https://www.businessinsider.com/personal-finance/alaska-mortgage-rates" target="_blank" rel="noopener">Alaska</a><br><a href="https://www.businessinsider.com/personal-finance/arizona-mortgage-rates" target="_blank" rel="noopener">Arizona</a><br><a href="https://www.businessinsider.com/personal-finance/arkansas-mortgage-rates" target="_blank" rel="noopener">Arkansas</a><br><a href="https://www.businessinsider.com/personal-finance/california-mortgage-rates" target="_blank" rel="noopener">California</a><br><a href="https://www.businessinsider.com/personal-finance/colorado-mortgage-rates" target="_blank" rel="noopener">Colorado</a><br><a href="https://www.businessinsider.com/personal-finance/connecticut-mortgage-rates" target="_blank" rel="noopener">Connecticut</a><br><a href="https://www.businessinsider.com/personal-finance/delaware-mortgage-rates" target="_blank" rel="noopener">Delaware</a><br><a href="https://www.businessinsider.com/personal-finance/florida-mortgage-rates" target="_blank" rel="noopener">Florida</a><br><a href="https://www.businessinsider.com/personal-finance/georgia-mortgage-rates" target="_blank" rel="noopener">Georgia</a><br><a href="https://www.businessinsider.com/personal-finance/hawaii-mortgage-rates" target="_blank" rel="noopener">Hawaii</a><br><a href="https://www.businessinsider.com/personal-finance/idaho-mortgage-rates" target="_blank" rel="noopener">Idaho</a><br><a href="https://www.businessinsider.com/personal-finance/illinois-mortgage-rates" target="_blank" rel="noopener">Illinois</a><br><a href="https://www.businessinsider.com/personal-finance/indiana-mortgage-rates" target="_blank" rel="noopener">Indiana</a><br><a href="https://www.businessinsider.com/personal-finance/how-long-to-keep-tax-records"></a><a href="https://www.businessinsider.com/personal-finance/iowa-mortgage-rates" target="_blank" rel="noopener">Iowa</a><a href="https://www.businessinsider.com/personal-finance/how-long-to-keep-tax-records"> </a><br><a href="https://www.businessinsider.com/personal-finance/kansas-mortgage-rates" target="_blank" rel="noopener">Kansas </a><br><a href="https://www.businessinsider.com/personal-finance/kentucky-mortgage-rates" target="_blank" rel="noopener">Kentucky</a><br><a href="https://www.businessinsider.com/personal-finance/louisiana-mortgage-rates" target="_blank" rel="noopener">Louisiana</a><br><a href="https://www.businessinsider.com/personal-finance/maine-mortgage-rates" target="_blank" rel="noopener">Maine</a> <br><a href="https://www.businessinsider.com/personal-finance/maryland-mortgage-rates" target="_blank" rel="noopener">Maryland</a> <br><a href="https://www.businessinsider.com/personal-finance/massachusetts-mortgage-rates" target="_blank" rel="noopener">Massachusetts</a> <br><a href="https://www.businessinsider.com/personal-finance/michigan-mortgage-rates" target="_blank" rel="noopener">Michigan</a> <br><a href="https://www.businessinsider.com/personal-finance/minnesota-mortgage-rates" target="_blank" rel="noopener">Minnesota</a> <br><a href="https://www.businessinsider.com/personal-finance/mississippi-mortgage-rates" target="_blank" rel="noopener">Mississippi</a> <br><a href="https://www.businessinsider.com/personal-finance/missouri-mortgage-rates" target="_blank" rel="noopener">Missouri</a> <br><a href="https://www.businessinsider.com/personal-finance/montana-mortgage-rates" target="_blank" rel="noopener">Montana</a> <br><a href="https://www.businessinsider.com/personal-finance/nebraska-mortgage-rates" target="_blank" rel="noopener">Nebraska</a> <br><a href="https://www.businessinsider.com/personal-finance/nevada-mortgage-rates" target="_blank" rel="noopener">Nevada</a> <br><a href="https://www.businessinsider.com/personal-finance/new-hampshire-mortgage-rates" target="_blank" rel="noopener">New Hampshire</a> <br><a href="https://www.businessinsider.com/personal-finance/new-jersey-mortgage-rates" target="_blank" rel="noopener">New Jersey</a> <br><a href="https://www.businessinsider.com/personal-finance/new-mexico-mortgage-rates" target="_blank" rel="noopener">New Mexico</a> <br><a href="https://www.businessinsider.com/personal-finance/new-york-mortgage-rates" target="_blank" rel="noopener">New York</a> <br><a href="https://www.businessinsider.com/personal-finance/north-carolina-mortgage-rates" target="_blank" rel="noopener">North Carolina</a> <br><a href="https://www.businessinsider.com/personal-finance/north-dakota-mortgage-rates" target="_blank" rel="noopener">North Dakota</a> <br><a href="https://www.businessinsider.com/personal-finance/ohio-mortgage-rates" target="_blank" rel="noopener">Ohio</a> <br><a href="https://www.businessinsider.com/personal-finance/oklahoma-mortgage-rates" target="_blank" rel="noopener">Oklahoma</a> <br><a href="https://www.businessinsider.com/personal-finance/oregon-mortgage-rates" target="_blank" rel="noopener">Oregon</a> <br><a href="https://www.businessinsider.com/personal-finance/pennsylvania-mortgage-rates" target="_blank" rel="noopener">Pennsylvania</a> <br><a href="https://www.businessinsider.com/personal-finance/rhode-island-mortgage-rates" target="_blank" rel="noopener">Rhode Island</a> <br><a href="https://www.businessinsider.com/personal-finance/south-carolina-mortgage-rates" target="_blank" rel="noopener">South Carolina</a> <br><a href="https://www.businessinsider.com/personal-finance/south-dakota-mortgage-rates" target="_blank" rel="noopener">South Dakota</a> <br><a href="https://www.businessinsider.com/personal-finance/tennessee-mortgage-rates" target="_blank" rel="noopener">Tennessee</a> <br><a href="https://www.businessinsider.com/personal-finance/utah-mortgage-rates" target="_blank" rel="noopener">Utah</a> <br><a href="https://www.businessinsider.com/personal-finance/vermont-mortgage-rates" target="_blank" rel="noopener">Vermont</a> <br><a href="https://www.businessinsider.com/personal-finance/virginia-mortgage-rates" target="_blank" rel="noopener">Virginia</a> <br><a href="https://www.businessinsider.com/personal-finance/washington-mortgage-rates" target="_blank" rel="noopener">Washington</a> <br><a href="https://www.businessinsider.com/personal-finance/washington-dc-mortgage-rates" target="_blank" rel="noopener">Washington DC</a> <br><a href="https://www.businessinsider.com/personal-finance/west-virginia-mortgage-rates" target="_blank" rel="noopener">West Virginia</a> <br><a href="https://www.businessinsider.com/personal-finance/wisconsin-mortgage-rates" target="_blank" rel="noopener">Wisconsin</a> <br><a href="https://www.businessinsider.com/personal-finance/wyoming-mortgage-rates" target="_blank" rel="noopener">Wyoming</a></p><h2>The forecast for mortgage rates in 2021</h2><p>Mortgage rates should stay low for a couple more months, but you may see rates start rising in late summer or fall.</p><p>Mortgage rates heavily rely on employment and <a href="https://www.businessinsider.com/what-is-inflation" target="_blank" rel="noopener" data-analytics-module="body_link" data-analytics-post-depth="20" data-uri="388022430d5689608afafa8d230e9fcb">inflation</a>in the US. When employment numbers and inflation improve, mortgage rates increase; when they get worse, mortgage rates decrease.</p><p>Unemployment and inflation need to have long-term, steady growth for mortgage rates to increase, though. If both continue to improve over the next couple of months, we could see higher rates.</p><h3>About the authors</h3><p><em>Laura Grace Tarpley is an editor at Personal Finance Insider, covering mortgages, refinancing, and lending. She is also a Certified Educator in Personal Finance (CEPF). Over her five years of covering personal finance, she has written extensively about ways to navigate loans.</em></p><p><em>Ryan Wangman is a reviews fellow at Personal Finance Insider reporting on mortgages, refinancing, bank accounts, bank reviews, and loans. In his past experience writing about personal finance, he has written about credit scores, financial literacy, and homeownership.</em></p><bi-shortcode id="related-content-module" class="mceNonEditable" data-type="more-mortgage-coverage" data-sheetname="More Mortgage Coverage">Related Content Module: More Mortgage Coverage</bi-shortcode><p><a href="https://www.businessinsider.com/personal-finance/mortgage-rates-today-june-11-2021-6#comments">Join the conversation about this story »</a></p>
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