Average mortgage refinance rates have been volleying between 6.5% and 7% as fears of both higher inflation and an economic slowdown play tug-of-war with financial markets.

Average mortgage refinance rates have been volleying between 6.5% and 7% as fears of both higher inflation and an economic slowdown play tug-of-war with financial markets.

The rate on a 30-year fixed refinance increased to 6.92% today, according to the Mortgage Research Center. Rates averaged 5.84% for a 15-year financed mortgage and 6.79% for a 20-year financed ...

The rate on a 30-year fixed refinance fell to 6.91% today, according to the Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.81%, and for 20-year mortgages ...

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%.

Average purchase mortgage rates are continuing to drop across as of Friday, June 6, 2025, rounding out the week with the 30-year fixed benchmark retreating further under 6.85%.

Refinance rate forecast for 2025 Most housing forecasts still call for a modest decline in mortgage rates by the end of the year, with average 30-year fixed rates potentially edging below 6.5%.

Rates on a 15-year mortgage stand at an average 6.16% for purchase and 6.19% for refinance, down 3 basis points from 6.19% for purchase and 11 basis points from 6.30% for refinance over the past week.

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 6.91% to 7.16%.