Vermont mortgage and refinance rates for May 2026

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Updated on May 29, 2026

On Friday, May 29, 2026, the national average 30-year fixed mortgage APR is 6.63%. The national average 30-year fixed refinance APR is 6.80%, according to Bankrate's latest survey of the nation's largest mortgage lenders.

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Current mortgage rates in Vermont

As of Friday, May 29, 2026, current interest rates in Vermont are 6.99% for a 30-year fixed mortgage and 6.20% for a 15-year fixed mortgage.

Despite the Federal Reserve cutting rates at three consecutive meetings in 2024, mortgage rates climbed, beginning 2025 above 7% and ending 2025 around 6%. While mortgage rates are hard to predict and change daily based on many factors, experts believe they'll spend much of 2026 in the 6% range.

Learn more: Latest mortgage rate forecast

Refinance rates in Vermont

While mortgage refinance rates have more than doubled since the pandemic, some homebuyers who locked in higher rates within the last few years might get the chance to refinance to a lower rate this year if rates swing low enough. As of Friday, May 29, 2026, current interest rates in Vermont are 0.00% for a 30-year fixed mortgage and 0.00% for a 15-year fixed mortgage.

Learn more: Why and how to do a cash-out refinance

National mortgage rates by loan type

Product	Interest rate
30-Year Fixed Rate	6.99%
15-Year Fixed Rate	6.20%
15-Year Fixed Rate Jumbo	0.00%
30-Year Fixed Rate FHA Loan	0.00%
30-Year Fixed Rate VA Loan	0.00%
30-Year Fixed Rate Jumbo	7.49%
3/1 Adjustable Rate Mortgage	0.00%
7/1 Adjustable Rate Mortgage	0.00%

_{Rates as of Friday, May 29, 2026 at 6:30 AM}

Bankrate’s mortgage rates include national rate and APR averages; Bankrate Monitor (BRM) National Index rate averages; and “top offers”:
- National rate and APR averages: Displayed as daily and weekly averages, these rates and APRs are primarily collected from the 5 largest banks and thrifts across hundreds of markets in the U.S.
- Bankrate Monitor (BRM) National Index rate averages: Reported weekly, this long-standing survey collects rates from banks and thrifts across hundreds of markets in the U.S.
- “Top offers”: Displayed daily and weekly, these are an average of the rates listed first on our rate tables as advertised by our partners. The averages shown are based on the loan type and term selected.
You can compare national average mortgage rates to top offers to see how much you could save when shopping on Bankrate.

Learn more about how we collect, display and report mortgage rates.

Mortgage options in Vermont

If you’re looking to get a mortgage in Vermont, consider these loan options:

To qualify for a conventional loan, you’ll need a credit score of at least 620 and a debt-to-income (DTI) ratio of no more than 45%. If you make a down payment of less than 20%, you’ll need to pay for private mortgage insurance (PMI), as well.
If your credit history disqualifies you from a conventional loan, you might be eligible for a loan insured by the Federal Housing Administration (FHA). For this type of mortgage, you’ll need a credit score of at least 580 with a 3.5% down payment. As with a conventional loan, if you put down less than 20% on an FHA loan, you’ll be on the hook for mortgage insurance.
If you’re an eligible veteran or active-duty member of the military, you might qualify for a mortgage backed by the Department of Veterans Affairs (VA). A VA loan doesn’t require a down payment or mortgage insurance, but you do need to pay a funding fee.

Learn more: Types of home loans

First-time homebuyer programs in Vermont

If you’re a first-time homebuyer in Vermont, consider exploring the variety of programs offered through the Vermont Housing Finance Agency (VHFA), including:

ASSIST: The program provides up to $10,000 for eligible first-time homebuyers to use toward their down payment and closing costs in the form of a zero-interest, no-monthly payment second loan, repaid when you pay off or refinance your mortgage or sell the home.
MOVE: If you qualify for a MOVE mortgage through the VHFA, you could save up to $1,735 on the Vermont real estate transfer tax, as well as take advantage of a lower or no down payment and lower monthly mortgage insurance premiums.
MOVE mortgage credit certificate (MCC): This program combines the benefits of the MOVE program and a mortgage credit certificate (MCC), which allows you to claim up to $2,000 in federal tax credits per year for the life of your mortgage.

Learn more: Vermont first-time homebuyer resources

How to find the best mortgage rate in Vermont for you

Step 1: Strengthen your credit score - Long before you start looking for a mortgage lender or applying for a loan, give your finances a checkup, and improve your credit score if needed.
Step 2: Determine your budget - To find the right mortgage, you’ll need a good handle on how much house you can afford.
Step 3: Know your mortgage options - There are a few different types of mortgages, some of which are easier to qualify for than others.
Step 4: Compare rates and terms from several lenders - Rate-shop with at least three different banks or mortgage companies. Read Vermont lender reviews to see who has the best rating in the state.
Step 5: Get preapproved for a mortgage - Getting a mortgage preapproval is the only way to get accurate loan pricing for your specific situation.

Learn more: How to get a mortgage

Additional Vermont mortgage resources

Vermont loan limits by county

Get the limits for your city or county

https://www.bankrate.com/mortgages/reviews/vermont/

See who offers what around the state

Best homeowners insurance in Vermont

Compare the policies around the state

Written by

Andrew Dehan Andrew Dehan

Senior Writer, Home Lending

Vermont mortgage and refinance rates for May 2026

How Bankrate works

How Bankrate works

Get lender information

Compare personalized rates

Get matched with lenders

Current mortgage rates in Vermont

Refinance rates in Vermont

National mortgage rates by loan type

How Bankrate collects mortgage rates

Mortgage options in Vermont

Vermont conventional mortgages

Vermont FHA loans

Vermont VA loans

First-time homebuyer programs in Vermont

How to find the best mortgage rate in Vermont for you

Additional Vermont mortgage resources

Article sources

Mortgage rates in other states