Refinance mortgage rates

Find and compare the best refinance rates from lenders in your area.

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INTEREST RATE

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INTEREST RATE

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About These Rates: The lenders whose rates appear on this table are NerdWallet’s advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender’s site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner’s assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.

Mortgage rate trends (APR)

NerdWallet's mortgage rate insight
4.9%
30-year fixed

The average rate on a 30-year fixed-rate mortgage rose two basis points, the rate on the 15-year fixed went up one basis point and the rate on the 5/1 ARM was unchanged, according to a NerdWallet survey of daily mortgage rates published Friday by national lenders. A basis point is one one-hundredth of one percent. The average rate on the 30-year fixed is nine basis points higher than one week ago.

Mortgage rates today (APR)

Loan typeAverage
rate
Change
1 day
Change
1 year
30-year fixed4.9%
0.02%
0.9%
15-year fixed4.39%
0.01%
0.94%
5/1 ARM4.98%
0.0%
1.08%
Data source: NerdWallet Mortgage Rate Index

Refinance Mortgage Rates

NerdWallet’s comparison tool can help you find the best refinance rates for your mortgage. Enter a few details about your current home loan and we’ll scan hundreds of lenders to find the best refinance offers and provide you with personalized rate quotes within minutes, without a credit check.

What is a mortgage refinance?

A mortgage refinance is your opportunity to upgrade your home loan. You may be looking to cut your monthly payment down to size, change the length of your loan, cash out some of your home equity for a remodel or consolidate debt. A refinance allows you to switch into a new loan that could help you achieve one or more of those goals. By comparing rates and terms from multiple lenders, you can save thousands of dollars in interest over the life of the loan—perhaps pay off your mortgage sooner—or, reduce your monthly payment.

When should you refinance?

If interest rates fall significantly after you first take out your mortgage, you could lower your monthly payment by refinancing into a mortgage with a lower rate. Or, if you have equity and want to remodel, a cash-out refi could help you pay for the project. That’s just two possibilities. In the final analysis, it’s a matter of running the numbers. And it’s really pretty easy. Using a mortgage refinance calculator, you can see just how much a refinance might save you—now and in the long run.

Learn more about refinancing your mortgage: