The average interest rate on a 30-year fixed refinance climbed to 6.67% today, according to the Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.77%, and for 20-year mortgages, the average is 6.52%.
Related: Compare Current Refinance Rates
30-Year Fixed Refinance Interest Rates Climb 0.04 Points
Currently, the average interest rate for a 30-year, fixed-rate mortgage refinance is 6.67%, up 0.04 percentage points from this time last week.
Borrowers with a 30-year, fixed-rate mortgage of $100,000 will pay $643 per month for principal and interest at the current interest rate, according to the Forbes Advisor mortgage calculator, not including taxes and fees. Over the life of the loan, the borrower will pay total interest costs of about $132,396.
20-Year Fixed Refinance Interest Rates Climb 0.04 Points
The 20-year fixed mortgage refinance average interest rate stands at 6.52%, versus 6.48% last week.
At the current interest rate, a 20-year, fixed-rate mortgage refinance of $100,000 would cost $747 per month in principal and interest. That doesn’t include taxes and fees. That borrower would pay roughly $79,956 in total interest over the life of the loan.
15-Year Fixed Refinance Rates Climb 0.09 Points
For a 15-year fixed refinance mortgage, the average interest rate is currently 5.77%. At the same time last week, the 15-year fixed-rate mortgage stood at 5.69%.
Based on the current interest rate, a 15-year, fixed-rate mortgage refinance of $100,000 would cost $832 per month in principal and interest—not including taxes and fees. That would equal about $50,285 in total interest over the life of the loan.
30-Year Jumbo Refinance Interest Rates Climb 0.02 Points
The average interest rate for a 30-year, fixed-rate jumbo mortgage refinance (a loan above the federal conforming loan limit of $832,750 in most places) jumped up week-over-week to 6.58%, versus 6.56% last week.
At today’s interest rate on a 30-year, fixed-rate jumbo mortgage refinance, a borrower would pay $637 per month in principal and interest on a $100,000 loan.
15-Year Jumbo Refinance Rates Climb 0.05 Points
The average interest rate on the 15-year fixed-rate jumbo mortgage refinance increased to 6.10%, up 0.05 percentage points from last week.
Borrowers with a 15-year fixed-rate jumbo mortgage refinance with today’s interest rate will pay $849 per month in principal and interest per $100,000 borrowed. They will pay about $53,191 in total interest over the life of the loan.
Are Refinance Rates and Mortgage Rates the Same?
Mortgage lenders charge different interest rates for purchase and refinance loans. Current refinance rates are typically 0.01% to 0.15% higher for a 30-year fixed rate versus a purchase loan.
You can reduce your interest rate by paying your closing costs up front instead of rolling them into the loan with a no-closing-cost refinance loan. Buying discount points and avoiding mortgage insurance can also help.
When considering a mortgage refinance, compare your current interest rate, mortgage balance and loan term with the new interest rate and term. This comparison helps you estimate your new monthly payment and savings, making it easier to determine if refinancing is the right choice.
Best Mortgage Refinance Lenders
Find the best Mortgage Refinance Lenders for your needs.
Refinance Interest Rate Trends for 2026
National average mortgage interest rates will have the most significant impact on refinancing trends throughout 2026, whether they rise or fall.
While predicting mortgage interest rates is challenging, experts expect them to remain in the low-to-mid 6% range through the first half of 2026, with a chance that they fall further if the Federal Reserve continues to cut its federal funds rate as it did at its last three meetings of 2025.
Since experts anticipate mortgage rates remaining steady through the start of 2026, homeowners waiting to refinance at a lower rate may want to hold off a while longer to secure the best rate. In the meantime, improving your credit score, making on-time payments and paying down your loan amount will put you in the best position to secure a low rate when you begin shopping for a refinance offer.
Best Mortgage Refinance Lenders
Find the best Mortgage Refinance Lenders for your needs.
Frequently Asked Questions (FAQs)
How much does it cost to refinance a mortgage?
Closing costs for a refinance can be anywhere from 2% to 6% of the cost of the loan. It’s always a good idea to ask the lender what kind of closing costs they’ll charge before you decide to borrow from them.
How do you find the best refinancing lender?
Our guide to the best mortgage refinance lenders is a good starting point, but make sure you compare multiple lenders and get more than one quote. It’s always a good idea to find out the closing costs lenders charge, and also to make sure you can communicate easily with your lender. Conditions in the housing market change frequently, so being able to depend on your lender is crucial.
How quickly can you refinance a mortgage?
You can usually refinance a mortgage in as quickly as 45 to 60 days, but it depends on many factors – like the type of home loan you choose. Always check with your lender before committing to borrow.
