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Today’s 30-year refinance rates
Written by
- • Mortgages
- • Mortgage refinancing
Edited by
- • Home Lending
- • Mortgages
Reviewed by
- • Certified Financial Planner™ Professional Since 2013
- • Comprehensive financial planning
- • Wealth management
Edited by
- • Home Lending
- • Mortgages
Reviewed by
- • Certified Financial Planner™ Professional Since 2013
- • Comprehensive financial planning
- • Wealth management
Dec. 05, 2025
Advertiser Disclosure
You have money questions. Bankrate has answers.
Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or when you click on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. However, this compensation in no way affects Bankrate’s news coverage, recommendations or advice as we adhere to strict editorial guidelines.
Our advertisers do not compensate us for favorable reviews or recommendations. Our site has comprehensive free listings and information for a variety of financial services from mortgages to banking to insurance, but we don’t include every product in the marketplace. In addition, though we strive to make our listings as current as possible, check with the individual providers for the latest information.
Compare personalized rates in your area to find a lender
Written by
- • Mortgages
- • Mortgage refinancing
Edited by
- • Home Lending
- • Mortgages
Reviewed by
- • Certified Financial Planner™ Professional Since 2013
- • Comprehensive financial planning
- • Wealth management
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“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced.
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On Friday, December 05, 2025, the national average 30-year fixed refinance APR is 6.79%. The average 30-year fixed mortgage APR is 6.33%, according to Bankrate's latest survey of the nation's largest refinance lenders.
On Friday, December 05, 2025, the national average 30-year fixed refinance APR is 6.79%. The average 30-year fixed mortgage APR is 6.33%, according to Bankrate's latest survey of the nation's largest refinance lenders.
Top offers on Bankrate vs. national average interest rates
Hover for more
APRs not included. For our most recent APR information, please visit our
How our rates are calculated
- 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.
- “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.
For the week of November 30th, top offers on Bankrate are X% lower than the national average. On a $340,000 30-year loan, this translates to $XXX in annual savings.
For today, Friday, December 05, 2025, the national average 30-year fixed refinance interest rate is 6.72%. Meanwhile, the current average 30-year fixed mortgage interest rate is 6.27%.
Weekly national mortgage interest rate trends
Current refinance rates
| 30 year fixed refinance | 6.66% | |
| 15 year fixed refinance | 6.05% | |
| 10 year fixed refinance | 6.25% | |
| 5/1 ARM refinance | 6.03% |
For today, Friday, December 05, 2025, the national average 30-year fixed refinance interest rate is 6.72%. Meanwhile, the current average 30-year fixed mortgage interest rate is 6.27%.
How to compare 30-year fixed refinance rates
Mortgage rates and closing costs can vary widely from lender to lender, so shopping around might save you money. 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, according to Freddie Mac research. (Freddie Mac also found that the reward for shopping around increased during the rate volatility of 2022.)
Lenders nationwide provide weekday mortgage interest rates to our comprehensive national survey to bring you the most current rates available. Here you can see the latest marketplace average interest rates for a wide variety of refinance loans (as well as purchase loans, for comparison).
The interest rate table below is updated daily to give you the most current 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's rate averages.
| Product | Interest Rate | APR |
|---|---|---|
| 30-Year Fixed Rate | 6.27% | 6.33% |
| 30-Year Fixed-Rate VA | 6.14% | 6.18% |
| 30-Year Fixed-Rate FHA | 5.78% | 5.84% |
| 30-Year Fixed-Rate Jumbo | 6.50% | 6.54% |
Rates as of Friday, December 05, 2025 at 6:30 AM
| Product | Interest Rate | APR |
|---|---|---|
| 30-Year Fixed Rate | 6.72% | 6.79% |
| 30-Year Fixed-Rate VA | 6.51% | 6.54% |
| 30-Year Fixed-Rate FHA | 6.56% | 6.79% |
| 30-Year Fixed-Rate Jumbo | 6.39% | 6.46% |
Rates as of Friday, December 05, 2025 at 6:30 AM
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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.
How to refinance into a 30-year loan
- Make a plan. Do you want to lower your interest rate? Use equity to fund home improvements? There should be a good reason why you’re refinancing — whether it’s to reduce your monthly payment, lower the amount of interest you'll pay over time or pull out equity for home repairs or debt repayment. Make sure your choices move you toward that goal.
- Check your credit score. You’ll need to qualify for a refinance just as you needed to get approval for your original home loan, and the higher your credit score, the better refinance rates lenders will offer you. The best 30-year refinance deals go to borrowers with credit scores of 740 or higher. Spending a few months boosting your credit score can go a long way toward helping you secure a better rate.
- Shop around. Use Bankrate to compare offers on 30-year refinances and find the best deal for you. You can potentially save thousands by getting quotes from at least three lenders.
- 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 to make sure the refi is worth your while.
Should you refinance into a 30-year mortgage?
Why refinance into a 30-year mortgage? The most common reason is to reduce your interest rate. Reducing your rate will lower your monthly mortgage payment as well as the total amount of interest you pay over the loan term. Another popular reason to refinance is using a cash-out refinance to pay for expenses such as home improvements, to get rid of credit card debt or to pay for emergencies.
If you've been waiting for rates to drop to refinance, a window of opportunity could now be open. Rates recently dropped to some of their lowest levels of 2025, reaching 6.25% in late October and remaining at 6.31% as of early November. In addition, the Federal Reserve has cut rates twice so far this fall, with one more meeting still to come in December, which could prompt rates to drop further.
When considering refinancing, it's important to understand your goals. You also need to know that it can sometimes take years to break even on the cost of refinancing, so it generally only makes sense if you plan to spend several more years in your home.
Pros of a 30-year fixed refinance mortgage
- Lower monthly payments: By extending the loan over three decades, you can expect lower monthly payments than with shorter loan terms.
- Provides more monthly cash flow: If you need money to pay down student loans and other debt, or to invest, the 30-year fixed loan gives you the most flexibility.
- Plenty of choices: The 30-year fixed is the most popular type of mortgage, so there’s no shortage of lenders and loan programs to choose from.
Cons of a 30-year fixed refinance mortgage
- More total interest paid over the life of the loan: Those lower payments come with a downside — you’re paying a lot more interest over a 30-year loan term compared to a 15-year loan.
- Longer terms have slightly higher mortgage rates overall: Lenders are taking on more risk by extending a rate for three decades, so 30-year loans carry higher interest rates than 15-year loans.
- It takes longer to gain equity: A 30-year repayment schedule means you’re paying down the balance at a slower pace.
Should you refinance to a 15-year loan or another 30-year loan?
"Refinancing to a 15-year loan makes the most sense when rates are significantly lower than your current 30-year loan. If you can refinance and not see a huge increase in your payment, it may be a good idea. Otherwise, you could just pay extra towards the principal on your 30-year mortgage and have the flexibility of a lower payment if you run into financial difficulty."
"Refinancing to a 15-year loan makes the most sense when rates are significantly lower than your current 30-year loan. If you can refinance and not see a huge increase in your payment, it may be a good idea. Otherwise, you could just pay extra towards the principal on your 30-year mortgage and have the flexibility of a lower payment if you run into financial difficulty."
"If you qualify to refinance into a 15-year fixed mortgage, it’s almost always the better option. This is primarily because of the massive savings on interest you will make over the life of the loan. Let's use a $500,000 house with a 6% interest rate as an example. For a 15-year mortgage, you would pay $259,471.15 in total interest. For a 30-year mortgage, you would pay $579,190.95 in total interest. That’s a staggering $319,719.80 in savings over the life of the loan! Additionally, 15-year fixed mortgages typically come with lower interest rates than 30-year loans, which means even more savings. Because you pay down the principal much faster on a shorter loan, you will also build equity quicker if you go this route. The benefits of a shorter loan are clear — it just comes down to if you can qualify and fit it in your budget."
"If you qualify to refinance into a 15-year fixed mortgage, it’s almost always the better option. This is primarily because of the massive savings on interest you will make over the life of the loan. Let's use a $500,000 house with a 6% interest rate as an example. For a 15-year mortgage, you would pay $259,471.15 in total interest. For a 30-year mortgage, you would pay $579,190.95 in total interest. That’s a staggering $319,719.80 in savings over the life of the loan! Additionally, 15-year fixed mortgages typically come with lower interest rates than 30-year loans, which means even more savings. Because you pay down the principal much faster on a shorter loan, you will also build equity quicker if you go this route. The benefits of a shorter loan are clear — it just comes down to if you can qualify and fit it in your budget."
FAQ: 30-year refinance rates
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A 30-year fixed-rate mortgage is the most common type of loan. It has a set rate, which keeps your principal and interest payments stable. Refinancing with a 30-year loan lets you pay off and replace your existing loan with a new, longer-term loan and a different rate.
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To determine your mortgage rate, lenders will review your credit score, payment history, savings, income and other aspects of your financial life. Lenders want to ensure that you are not a risky borrower, and that you are unlikely to default on your loan. These qualifying factors are within your control, but you won’t be able to control external factors that influence your mortgage rate, such as inflation — rates briefly topped 8% in 2023, reaching their highest level in decades, partly as a result of inflation. Thankfully for borrowers, rates have pulled back and were around 6.3% in early November 2025.
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Fifteen-year refinance rates are typically lower than 30-year refinance rates, and the loan is paid off in half the time. As a result, you’ll pay significantly less in interest over the life of the loan if you choose a 15-year term.
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Yes, refinance rates are usually slightly higher than purchase rates to compensate for the added risk that comes with refinancing. However, refinance and purchase rates vary by lender, so it's worth comparing a few options to find the best rate.
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