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Current refi mortgage rates report for Aug. 26, 2026
The current average refinance rate on a 30-year, fixed-rate home loan is 6.741%, according to Mortgage Research Center data. If you’re a homeowner hoping to refinance your mortgage for a lower rate or perhaps to tap home equity, read on to see average refi interest rates for a variety of loan types and terms. You can also see the prior day’s report here.
TL;DR
- Average refinance rate for a 30-year fixed-rate loan is 6.741% as of August 25, 2026.
- Interest rates differ across conventional, jumbo, FHA, and VA loan types and terms.
- Refinancing involves applying for a new loan and meeting lender criteria, with potential credit score impact.
- Mortgage rates have remained elevated, above pandemic-era lows, influenced by economic and geopolitical events.
- Homeowners might consider refinancing to secure a lower rate (at least 1% difference recommended), tap home equity via cash-out refinance, or change loan terms/types.
- Refinancing incurs closing costs ranging from 2% to 6% of the loan amount.
- Available refinance options include rate-and-term, cash-out, no-closing-cost, and streamline refinances.
- It's advisable to shop around for lenders and consider programs like Refi Now and Refi Possible if applicable.