Mortgage refinancing is when a homeowner takes out another loan to pay off—and replace—their original mortgage. A mortgage refinance calculator can help borrowers estimate their new monthly ...

Average mortgage refinance increased for 30-year fixed, 30-year Jumbo and trended higher for 15-year fixed rates.

See current 30-year refinance rates and how they've been trending. Find the lowest rates to save on your mortgage in March 2025, lower your payments, or access home equity.

Mortgage refinance rates remained unchanged at 6.72% today, according to the Mortgage Research Center. Rates averaged 5.64% for a 15-year financed mortgage and 6.45% for a 20-year financed mortgage.

Current 15-year refinance rates and trends Mortgage refinance rates have been slowly falling since last November. As of early January, average 15-year fixed refinance rates are around 6.3%.

Multiple key refinance rates have moved down. If your mortgage rate is 1% higher than today's rate, a refinance might be worth it.

Refinancing could save you money on your monthly mortgage payment and over the long term if you get a lower interest rate. Here's how to know when the time is right to refinance.

What mortgage refinance rates are currently According to data from Freddie Mac, the average mortgage interest rate in early February 2023 was 6.09% on a 30-year fixed-rate loan.

Compare today’s best mortgage refinance rates, compiled from hundreds of loan offers and analyzed by Investopedia’s mortgage rate experts.

The Fed just cut rates, so mortgage refinance rates will be cheaper. Should you act now, or wait?