For the vast majority of homeowners, there's currently little financial incentive to refinance their mortgages. So far in 2025, average mortgage rates have remained elevated, consistently hovering ...

Current refinance rate trends At the start of 2025, many expected inflation to keep cooling down and the Federal Reserve to cut interest rates, which would have gradually lowered mortgage ...

Overall, it's unlikely we'll see another refinancing boom like the one in 2020-21 when mortgage rates were exceptionally low around 3%. Nevertheless, refinancing might be beneficial for other reasons, ...

While mortgage rates are expected to continue dropping in 2024, it’s unlikely they’ll fall to the historic lows seen in 2020 and 2021 when the average mortgage rate was 2.96%.

Refinance rate predictions Most housing forecasts still call for a modest decline in mortgage rates, with average 30-year fixed rates expected to end the year around below 6.5%. For refinancing to ...

The current average refinance rate on a 30-year fixed ReFi is 6.82%, compared to 6.80% a week earlier. For borrowers who want a shorter ReFi, the a verage rate on a 15-year fixed ReFi is 6.16%, up ...

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. Overall, it's unlikely ...

Rates on a 15-year mortgage stand at an average 5.92% for purchase and 6.06% for refinance — down 8 basis points from 6.00% for purchase and 5 basis points from 6.11% for refinance this time ...

Rates for home loans fell to the lowest since April that week, with the popular 30-year fixed-rate mortgage averaging 6.79% nationwide. Refinance applications were a whopping 40% higher than a ...

Check our interactive map to find today's average 30-year mortgage refinance rate for any U.S. state. Right now, the lowest rates are in New York, New Jersey, and California.