Key Takeaways More borrowers are refinancing even as mortgage rates remain near 7%.Consumers are tapping into the increasing value of their homes, especially as consumer debt levels continue to rise.As mortgage rates rose higher in recent years,

These are today's mortgage and refinance rates. Mortgage rates have held steady so far this month, and it's unclear if they'll drop much this year.

Mortgage rates moved slightly lower last week, leading to the pace of refinance applications to reach its strongest week since October 2024

Refi rates have ticked down, lowering the 30-year rate average after two days of inching up. Rates for several other refi loan types also dropped Monday.

See current 30-year refinance rates and how they've been trending. Find the lowest rates to save on your mortgage, lower your payments, or access home equity.