Today's mortgage rates climb upward | January 11, 2021Check out the mortgage rates for January 11, 2021, which are trending up since last Friday. (iStock)Based on data compiled by Credible Operations, Inc., NMLS Number 1681276, mortgage rates have risen since last Friday.Continue Reading Below30-year fixed-rate mortgages: 2.625%, Up from 2.500%, +0.12520-year fixed-rate mortgages: 2.625%, Up from 2.500%, +0.12515-year fixed-rate mortgages: 2.000%, Up from 1.875%, +0.125Rates last updated on January 11, 2021. These rates are based on the assumptions shown here. Actual rates may vary.To find the best mortgage rate, start by using Credible. Credible can show you current mortgage rates for conventional loans from multiple lenders and help you make an informed decision regarding your home loan.Looking at today’s mortgage refinance ratesToday’s mortgage refinance rates have risen since last Friday. Average mortgage refinance rates for all loan types spiked to 2.542%, while 30-year rates rose to 2.750%, a high not seen since December 3, 2020. If you’re considering refinancing an existing home, check out what refinance rates look like:30-year fixed-rate refinance: 2.750%, Up from 2.625%, +0.12520-year fixed-rate refinance: 2.750%, Up from 2.625%, +0.12515-year fixed-rate refinance: 2.125%, Up from 2.000%, +0.125Rates last updated on January 11, 2021. These rates are based on the assumptions shown here. Actual rates may vary.A site like Credible can be a big help when you’re ready to compare mortgage refinance loans. Credible lets you see prequalified rates for conventional mortgages from multiple lenders all within a few minutes. Visit Credible today to get started.Current mortgage ratesMortgage interest rates overall inched higher, up slightly from last week’s average of 2.208% for all loan types. This is the first spike in 31 straight days for 15-year rates, which rose by 0.125 percentage points since last Friday.Current 30-year fixed-rate mortgagesThe current interest rate for a 30-year fixed-rate mortgage is 2.625%. This is up from last Friday.Current 20-year fixed-rate mortgagesThe current interest rate for a 20-year fixed-rate mortgage is 2.625%. This is up from last Friday.Current 15-year fixed-rate mortgagesThe current interest rate for a 15-year fixed-rate mortgage is 2.000%. This is up from last Friday.You can explore your mortgage options in minutes by visiting Credible to compare current rates from various lenders. Check out Credible and get prequalified today.Rates last updated on January 11, 2021. These rates are based on the assumptions shown here. Actual rates may vary.How mortgage rates have changedToday, mortgage rates are up compared to this time last week.30-year fixed-rate mortgages: 2.625%, Up from 2.500%, +0.12520-year fixed-rate mortgages: 2.625%, Up from 2.250%, +0.37515-year fixed-rate mortgages: 2.000%, Up from 1.875%, +0.125Rates last updated on January 11, 2021. These rates are based on the assumptions shown here. Actual rates may vary.If you’re trying to find the right rate for your home mortgage, consider using Credible. You can use Credible's free online tool to easily compare multiple lenders and see prequalified rates in just a few minutes.The factors behind today’s mortgage ratesCurrent mortgage and refinance rates are affected by many economic factors, like unemployment numbers and inflation. But your personal financial history will also determine the rates you’re offered.Larger economic factorsStrength of the economyInflation ratesEmploymentConsumer spendingHousing construction and other market conditionsStock and bond markets10-year Treasury yieldsFederal Reserve policiesPersonal economic factorsCredit scoreCredit historyDown payment sizeLoan-to-value ratioLoan type, size, and termDebt-to-income ratioLocation of the propertyHow to get your lowest mortgage rateIf you want low mortgage rates, improving your credit score and paying down any other debt could secure you a lower rate. The size of your down payments also affects mortgage rates, with a low down payment likely to yield you a higher rate.It’s also a good idea to compare rates from different lenders to find the best rate for your financial goals. According to research from Freddie Mac, borrowers can save $1,500 on average over the life of their loan by shopping for just one additional rate quote — and an average of $3,000 by comparing five rate quotes.Credible can help you compare current rates from multiple mortgage lenders at once in just a few minutes. Use Credible’s online tools and get prequalified today.Mortgage interest rates by loan typeWhether you’re a first-time homebuyer shopping for a 30- or 15-year mortgage, or you’re looking to refinance an existing home, Credible can help you find the right mortgage for your financial goals.Be sure to check out these loan rates, which you’ll be able to compare by annual percentage rate (APR) as well as interest rate:30 Year Fixed Mortgage Rates20 Year Fixed Mortgage Rates15 Year Fixed Mortgage Rates10 Year Fixed Mortgage Rates30 Year Fixed Refinance Rates20 Year Fixed Mortgage Rates15 Year Fixed Refinance Rates10 Year Fixed Mortgage RatesMore resources on getting a home loanWant to learn more about how to get a mortgage? 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