Refinance Rates for Nov 21

Find and compare refinance rates below or read the latest mortgage rates analysis.

Refinance Rates Help

Getting a mortgage loan is a big commitment. Learn about all the variables involved in getting a mortgage and the impact these variables have on your interest rate. Before you refinance, you can find the most common variables that go into calculating estimated monthly payments and interest rates provided here.

    Purchase/Refinance

    Click "Purchase" if you are buying a home. Click "Refinance" if you own a home and you want to replace your mortgage with another loan at a different rate and terms.

    Loan type

    Select which type of mortgage you are shopping for: a 30-year fixed-rate loan, a 15-year fixed, an FHA-insured loan, an adjustable-rate mortgage (ARM) with an introductory rate lasting 5 or 7 years, a 20-year fixed, and 10-year fixed or a 30-year Veterans Affairs loan.

    Property Value

    Write your estimated property value. The value is defaulted based on your location, but you should enter your own number.

    Current Loan Balance

    Enter the remaining balance on your current loan.

    Credit score

    If you know your credit score, select the range that your score belongs to. The best rates and terms go to borrowers with credit scores of 740 and higher, and borrowers in the 720 to 739 range can get very good deals, too.

    Points

    Select the range of discount points that you are willing to pay. Discount points are an upfront fee that you pay to get a lower interest rate. One point is 1 percent of the loan amount. On a $100,000 mortgage, if you pay 1 point, you pay an upfront fee of $1,000.

    Place

    Enter your zip code. You might see a bigger selection if you choose the nearest large city.

Snagging the best possible rate on a refi is a great way to cut costs without losing anything but your old, pricey mortgage. Locking in the best rate possible starts with keeping up to date on the latest trends. To do that, check out our latest daily refinance blog. You can also see the latest average rates on some popular types of refinances in the table below.
Current Refinance Rate Trends
Loan Term Rate Change Last Week
30-year refinance 3.760 -0.02 3.780
15-year refinance 3.130 0.01 3.120
5/1 ARM refinance 3.410 0.03 3.380
30-year Jumbo refinance 4.220 N/A 4.220
7/1 ARM refinance 3.590 0.07 3.520
30-year FHA refinance 3.480 -0.02 3.500
Last update: Last update: 21/11/2017
The rate you ultimately end up with on a refi definitely depends on what's going on with rates in the broader economy, but there's also a personal element: Your own credit score, location, type of loan, points and equity in the home can all come into play. And the size of the payment you end up sending off each month after refinancing will be determined in a big way by the length of your refi loan. The longer the term, the smaller the payments, but the higher your overall interest costs. To find out more about how Bankrate collects its rate averages, check out "Understanding Bankrate's rate averages" .