Best Mortgage Refinance Rates - Jul. 30, 2026
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The average interest rate on a 30-year fixed refinance is 6.76% today, according to the Mortgage Research Center. Rates averaged 5.85% for a 15-year financed mortgage and 6.61% for a 20-year financed mortgage.
With high mortgage rates and a limited inventory of homes to contend with, it can be difficult to find affordable options. But, doing so isn't impossible. That's especially true if you have a strong credit score and overall application.
Current mortgage refinance rates stand at 6.54% for 30 years, 6.25% for 20 years, 5.79% for 15 years, and 5.83% for 10 years.
The vast majority of Americans who have bought a home in the past year plan on refinancing to a lower rate in the future, according to a new survey from U.S. News.
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VA loans — mortgages backed by the U.S. Department of Veterans Affairs — are designed to help veterans and active service members become homeowners. These loans require no dow