Today's refinance rate trends. At the start of 2025, many expected inflation to keep cooling down and the Fed to cut interest rates, which would have gradually lowered mortgage refinance rates.

Mortgage rates have dipped slightly from their peak in 2023, but they’re nowhere near the historic lows seen just a few years ago. Still, if you got your mortgage during the past couple of years ...

Current refinance interest rate trends After a series of interest rate hikes since 2022, which indirectly pushed mortgage rates up, the Federal Reserve reversed course and lowered borrowing rates ...

30-Year Refinance Rates Drop 0.56%. The current 30-year, fixed-rate mortgage refinance average rate stands at 6.91%, compared to 6.95% last week.

Mortgage refinance rates are expected to inch down over the coming months, but are unlikely to drop below 6.5% without multiple interest rate cuts and weaker economic data.

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

Check our interactive map to find today's average 30-year mortgage refi rate for any U.S. state. Right now, the cheapest state rates range from 6.95% to 7.28%.

When you refinance from a 30-year mortgage into a 15-year loan, you pay off the loan in half the time. As a result, you pay less interest over the life of the loan. There are pros and cons to a 15 ...

There may come a time in your homeownership journey when you wonder if it makes sense to refinance your mortgage. It's a decision that can help you reach goals like lowering your interest rate or… ...

The current average interest rate for a 30-year refinance is 6.79%, a decrease of 3 basis points over this time last week. (A basis point is equivalent to 0.01%.) ...