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Today’s mortgage and refinance rates: June 6, 2021

Summary List PlacementCurrent mortgage rates Mortgage type Average rate today 15-year fixed 2.45% 30-year fixed 3.39% 7/1 ARM 4.0% 10/1 ARM 3.69% 30-year FHA 2.70% VA mortgage loan 2.76% Conventional rates from Money.com; government-backed rates from RedVentures. !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 =...

Summary List Placement

Current mortgage rates

Mortgage type Average rate today
15-year fixed 2.45%
30-year fixed 3.39%
7/1 ARM 4.0%
10/1 ARM 3.69%
30-year FHA 2.70%
VA mortgage loan 2.76%

Conventional rates from Money.com; government-backed rates from RedVentures.

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Current refinance rates

Mortgage type Average rate today
15-year fixed 2.64%
30-year fixed 3.78%
7/1 ARM 4.45%
10/1 ARM 4.27%
30-year FHA 2.72%
VA mortgage loan 2.78%

Conventional rates from Money.com; government-backed rates from RedVentures.

How mortgage rates have changed

Mortgage rate trends

Mortgage type Average rate today Average rate last week
15-year fixed 2.45% 2.40%
30-year fixed 3.39% 3.29%
7/1 ARM 4.0% 4.20%
10/1 ARM 3.69% 3.66%
30-year FHA 2.70% 2.85%
VA mortgage loan 2.76% 2.75%

Conventional rates from Money.com; government-backed rates from RedVentures.

Refinance rate trends

Mortgage type Average rate today Average rate last week
15-year fixed 2.64% 2.60%
30-year fixed 3.78% 3.64%
7/1 ARM 4.45% 4.31%
10/1 ARM 4.27% 4.26%
30-year FHA 2.72% 2.85%
VA mortgage loan 2.78% 2.77%

Conventional rates from Money.com; government-backed rates from RedVentures.

Mortgage and refinance rates by state

Check the latest rates in your state at the links below. 

Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Utah
Vermont
Virginia
Washington
Washington DC
West Virginia
Wisconsin
Wyoming

The forecast for mortgage rates in 2021

Mortgage rates should stay low for a couple more months, but you may see rates start rising in late summer or fall.

Mortgage rates heavily rely on employment and inflation in the US. When employment numbers and inflation improve, mortgage rates increase; when they get worse, mortgage rates decrease.

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.

About the authors

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.

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.

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