What are the Refinance Rates Today?

Interest Rates for Refinancing

Interest rates for refinancing are still extremely low. In fact, the average rate for a 30-year fixed mortgage is currently hovering around 3.2%. That's lower than it has been in decades, making it a great time to refinance your mortgage.

Tips for Refinancing

To get the best refinance rate, you should shop around and compare lenders. You should also make sure you have your credit score in good shape before applying. You should also look out for any fees or closing costs that could add to the overall cost of refinancing.

When to Refinance

When deciding whether or not to refinance, it's important to consider your current financial situation. If you're trying to reduce your monthly payments, then refinancing can be a great option. However, if you're looking to save money over the long-term, then it might be better to keep your current mortgage rate.

The Bottom Line

Refinancing is a great way to save money and reduce your monthly payments. With interest rates still at historic lows, it's a great time to consider refinancing your mortgage. However, it's important to shop around and compare lenders, as well as make sure you have your credit score in good shape before applying.