Today's Refinance Mortgage Rates
Compare current refinance rates and see how much you could save. Rates starting at 7.125% for qualified borrowers.
Refinance Rates at a Glance
Current Refinance Mortgage Rates
Rates updated: Oct 6, 2026 10:07 AM
Conventional Refinance
620+ credit score
Government Streamlines
Less paperwork, faster close
Streamline Benefits: No appraisal, minimal income docs, close in 15-20 days
Specialty Refinance
Self-employed & investors
Jumbo Refinance
Loans above conforming limits
Purchase, 30-yr fixed, $1.5M loan, $2M price, 760 FICO, Zip 92867
Learn More30 year fixed, $300k loan amount, $400k value, purchase, FICO Credit Score 759, Zipcode 95111
For information purposes only and does not constitute a loan approval or commitment to lend. Rates are subject to change without notice.
Real Refinance Success Stories
See how our clients are saving with today's refinance rates
The Martinez Family
“We locked in at 7.25% in 2023. Refinancing to 5.5% is saving us nearly $460/month—that's our kids' college fund!”
David Chen
“I pulled $100K to renovate my kitchen and add a bathroom. Even with the larger balance, my rate dropped enough to make it worthwhile.”
Sarah & Tom Williams
“As veterans, the VA IRRRL was a no-brainer. No appraisal, minimal paperwork, and we're saving $289/month.”
Should You Refinance? Calculate Your Savings
Enter your current loan details to see how much you could save with today's rates.
Refinance Calculator
Compare your current mortgage with refinance options to see potential savings
Current Loan
New Loan
You'll recover your closing costs in 11 months (1 year)
When Does Refinancing Make Sense?
Your rate is 0.5%+ higher than current rates
Even a half-point drop can save hundreds monthly
You want to tap home equity
Cash-out refinance for renovations, debt consolidation, or investments
You plan to stay 3+ more years
Time to recoup closing costs through monthly savings
You want to change your loan term
Go from 30-year to 15-year, or extend to lower payments
Refinance Rate FAQs
What are today's refinance mortgage rates?
Today's refinance rates start at 7.125% for a 30-year conventional loan. VA streamline refinances are at 6.875%, and FHA streamlines at 6.75%. Rates update regularly—check the table above for the latest.
When should I refinance my mortgage?
The general rule is to refinance when you can lower your rate by at least 0.5-0.75%. However, also consider how long you plan to stay in the home, your break-even point on closing costs, and whether you want to tap equity or change your loan term. Use our calculator above to see your potential savings.
How much does it cost to refinance?
Closing costs typically run 2-5% of the loan amount ($6,000-$15,000 on a $300,000 loan). These include appraisal, title insurance, origination fees, and recording fees. Many lenders offer "no-cost" refinances by rolling costs into the rate or loan balance.
Can I refinance with bad credit?
Yes, but your options vary by credit score. FHA streamline refinances have no credit score minimum for existing FHA loans. For conventional loans, you generally need 620+. With scores below 620, consider FHA or VA (if eligible) refinancing, which have more flexible requirements.
How long does a refinance take?
A typical refinance takes 30-45 days from application to closing. Streamline refinances (VA IRRRL, FHA Streamline) can close in as little as 15-20 days because they require less documentation and often no appraisal.
What's the difference between rate-and-term vs. cash-out refinance?
Rate-and-term refinancing changes your interest rate, loan term, or both—without taking equity out. Cash-out refinancing lets you borrow more than you owe and pocket the difference (e.g., for home improvements or debt consolidation). Cash-out typically has slightly higher rates.
Get Your Free Refinance Quote
Tell us about your current mortgage and we'll show you how much you could save with today's rates.