Mortgage Rate Deals For Week Ending April 16, 2021: Top Offers From Lenders |


The rates on mortgage offers advertised on Bankrate.com grew more generous in the past week. The average rate on mortgages clicked on by Bankrate readers Thursday fell to 2.45 percent, down 7 basis points from the previous Thursday.

This “clicked-on” rate reflects purchase mortgages and refinances with all terms, including 30- and 15-year loans. The rates may include discount points.

The sweetest deals come with caveats. For instance, to score the best rate, you’ll generally need a credit score of 740 or higher and a down payment of 20 percent or more. And many of the lowest rates posted on Bankrate.com include discount points, a way of buying down the rate by paying more at closing.

Rates for mortgages change constantly. Rates rose fast in early March, then slowed later in the month. The up-and-down trends reflect the unpredictability of the mortgage market as the economy continues its uneven recovery from the COVID-19 recession.

Even after their recent climb, rates remain much lower than they were before the coronavirus pandemic sent rates to record lows. If you’re in the market for a mortgage, it could make sense to lock if you see a rate you like. Just don’t do so without shopping around first — get at least three bids.

Compare mortgage rates in your area now.

Average clicked on rate for purchase loans

The average rate clicked on by Bankrate readers for 30-year purchase mortgages fell to 2.65 percent from 2.7 percent percent seven days earlier. At that average rate, you’ll pay $402.96 per month in principal and interest for every $100,000 you borrow.

Average clicked on rate for refinance loans

The average rate clicked on by Bankrate readers for 30-year refinances fell to 2.71 percent from 2.76 percent the previous Thursday.

You can use Bankrate’s mortgage payment calculator to find your monthly…



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