The rate on a 30-year fixed refinance climbed to 6.74% today, according to the Mortgage Research Center. Rates averaged 5.67% for a 15-year financed mortgage and 6.54% for a 20-year financed ...

20-Year Refi Rates Drop 1.93% The average interest rate on the 20-year fixed refinance mortgage is 6.55%. The same time last week, the 20-year fixed-rate mortgage was at 6.68%.

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%.

Rates on a 15-year mortgage stand at an average 5.94% for purchase and 6.09% for refinance — up 8 basis points from 5.86% for purchase and 4 basis points from 6.05% for refinance this time last ...

So far this year, average mortgage rates have stayed stubbornly high, bouncing between 6.5% and 7%, as financial markets weigh the risks of both higher inflation and an economic slowdown.

Final Thought Mortgage rates have reached their lowest levels in recent years, and 2025 presents a rare and powerful opportunity for both homebuyers and real estate investors in Texas.