Today’s Mortgage Interest Rates: March 11, 2021—Rising Rates Shrink The Number of Borrowers Who Can Save By Refinancing

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Mortgage rates have been on an upward journey for the past four weeks, and they continue into the 3% range today. The average rate on a 30-year fixed-rate mortgage has hit 3.05%, the highest it’s been since July 2020.

It’s no surprise that higher rates are expected to tranquilize mortgage lending, especially for homeowners who want to refinance. We’re already seeing this play out in the weekly numbers.

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Original Article Source Credits:   Forbes , https://www.forbes.com/

Article Written By:  Natalie Campisi

Original Article Posted on:  Mar 11, 2021

Link to Original Article:  https://www.forbes.com/advisor/mortgages/mortgage-interest-rates-03-11-2021/

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