Today’s 30-year refinance rates

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Our weekly rates vs. the national average

 

Today's national 30-year refinance rate trends

For today, Wednesday, January 26, 2022, the national 30-year refinance rate is 3.68%, up 11 basis points since the same time last week. Meanwhile, the average 30-year fixed-mortgage rate is 3.68%, up 10 basis points from a week ago.

Here's how it works:

Current 30-year refinance rates

Lenders nationwide provide weekday mortgage rates to our comprehensive national survey to bring you the most current rates available. Here you can see the latest marketplace average rates for a wide variety of purchase loans. The interest rate table below is updated daily to give you the most current purchase rates when choosing a home loan. APRs and rates are based on no existing relationship or automatic payments. For these averages, the customer profile includes a 740 FICO score and a single-family residence. To learn more, see understanding Bankrate rate averages.

Product Interest Rate APR
30-Year Fixed Rate 3.680% 3.710%
30-Year Fixed-Rate VA 3.250% 3.430%
30-Year Fixed-Rate FHA 3.160% 4.020%
30-Year Fixed-Rate Jumbo 3.660% 3.720%

Why compare 30-year refinance rates

Mortgage rates and closing costs can vary widely from lender to lender, and shopping around can save you thousands over the life of the loan. In a report published in 2018, mortgage giant Freddie Mac said borrowers could save an average of $1,500 over the life of the loan by getting one additional rate quote, and an average of $3,000 by seeking out five quotes. Bankrate can help you compare deals and find the best 30-year refinance rate.

How to refinance into a 30-year loan

Here are the basic steps — Bankrate’s a href="https://www.bankrate.com/mortgages/ways-to-refinance-mortgage/">refinancing guide offers more details.

  1. Make a plan. Do you want to lower your rate? Pull out equity for home improvements?
  2. Check your credit score. The best 30-year refinance deals go to borrowers with credit scores of 740 or higher.
  3. Shop around. Use Bankrate to compare offers on 30-year refinances and find the best deal for you.
  4. Compare deals. The interest rate isn’t the only thing to consider in a 30-year refinance. You’ll also want to weigh expenses such as closing costs and points.


Top 5 Bankrate 30-year refinance lenders

  • Better.com
  • Cardinal Financial Company
  • Interfirst Mortgage Company
  • Watermark Home Loans
  • Sage Mortgage

Methodology

Bankrate helps thousands of borrowers find mortgage and refinance lenders every day. To determine the top mortgage lenders, we analyzed proprietary data across more than 150 lenders to assess which on our platform received the most inquiries within a three-month period. We then assigned superlatives based on factors such as fees, products offered, convenience and other criteria. These top lenders are updated regularly.

What you need to know about 30-year mortgage refinances

Learn more about 30-year mortgage refinancing

Written by: Jeff Ostrowski, senior mortgage reporter for Bankrate

Jeff Ostrowski covers mortgages and the housing market. Before joining Bankrate in 2020, he wrote about real estate and the economy for the Palm Beach Post and the South Florida Business Journal.

Read more from Jeff Ostrowski

Reviewed by: Greg McBride, chief financial analyst for Bankrate

Greg McBride, CFA, is Senior Vice President, Chief Financial Analyst, for Bankrate.com. He leads a team responsible for researching financial products, providing analysis, and advice on personal finance to a vast consumer audience.

Read more from Greg McBride

Learn more about specific loan type rates
Loan Type Purchase Rates Refinance Rates
The table above links out to loan-specific content to help you learn more about rates by loan type.
30-Year Loan 30-Year Mortgage Rates 30-Year Refinance Rates
20-Year Loan 20-Year Mortgage Rates 20-Year Refinance Rates
15-Year Loan 15-Year Mortgage Rates 15-Year Refinance Rates
10-Year Loan 10-Year Mortgage Rates 10-Year Refinance Rates
FHA Loan FHA Mortgage Rates FHA Refinance Rates
30-Year FHA Loan 30-Year FHA Loan Rates 30-Year FHA Refinance Rates
VA Loan VA Mortgage Rates VA Refinance Rates
ARM Loan ARM Mortgage Rates ARM Refinance Rates
5/1 ARM 5/1 ARM Rates 5/1 Refinance Rates
7/1 ARM 7/1 ARM Rates 7/1 Refinance Rates
10/1 ARM 10/1 ARM Rates 10/1 Refinance Rates
Jumbo Loan Jumbo Mortgage Rates Jumbo Refinance Rates
30-Year Jumbo Loan 30-Year Jumbo Loan Rates 30-Year Jumbo Refinance Rates