On Sunday, February 28, 2021, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the benchmark 30-year refinance rate is 3.320% with an APR of 3.450%. The average 30-year VA refinance rate is 3.100% with an APR of 3.350%. The 30-year FHA refinance rate is 3.050% with an APR of 3.880%. The 30-year jumbo refinance rate is 3.350% with an APR of 3.410%.
The table above brings together our comprehensive national survey of mortgage lenders to help you know what are the most competitive 30-year refinance rates. This interest rate table is updated daily to give you the most current rates when choosing a 30-year refinance loan.
|30-Year Fixed Rate||3.320%||3.450%|
|30-Year Fixed-Rate VA||3.100%||3.350%|
|20-Year Fixed Rate||3.240%||3.420%|
|15-Year Fixed Rate||2.610%||2.800%|
|30-Year Fixed-Rate FHA||3.050%||3.880%|
|30-Year Fixed-Rate Jumbo||3.350%||3.410%|
|15-Year Fixed-Rate Jumbo||2.640%||2.690%|
Rates as of Sunday, February 28, 2021 at 6:30 AM
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.
Bankrate has been the authority in personal finance since it was founded in 1976 as the “Bank Rate Monitor,” a print publication for the banking industry. Bankrate has been surveying and collecting mortgage rate information from the nation’s largest lenders for more than 30 years. Hundreds of top publications, such as The New York Times, Wall Street Journal, CNBC and others, depend on Bankrate as a trusted source of financial information, so you know you’re getting information you can trust.
To customize the rates you see, adjust the categories at the top of the page to reflect the type of loan you’re looking for, where you live, how much you want to borrow, how much you have for a down payment and your credit score.
You can see personalized 30-year fixed refinance rates plus articles, calculators, prequalified offers and more by signing up for a free Bankrate account. It only takes a few minutes and you’ll get valuable tools and information tailored around your unique interests.
Mortgage rates and closing costs can vary widely from lender to lender, so it’s important that you shop around before. 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.
Mortgage rates hit record lows in early 2021. Economists expect mortgage rates to rise as the economy improves. However, the trajectory of mortgage rates is notoriously difficult to predict.
|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|