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Current refi mortgage rates report for Aug. 25, 2026
The current average refinance rate on a 30-year, fixed-rate home loan is 6.764%, according to Mortgage Resource 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 home loan is 6.764%.
- Rates are provided for conventional, jumbo, FHA, and VA loans across various terms.
- Refinancing involves replacing an existing mortgage with a new one and requires meeting lender criteria.
- Mortgage rates have remained high, with many homeowners locked into lower pandemic-era rates.
- Refinancing may make sense if a new rate is a full percentage point lower than the current one.
- Cash-out refinances allow homeowners to tap into home equity.
- Refinancing can change loan terms or switch loan types (e.g., FHA to conventional, ARM to fixed).
- Closing costs for refinancing typically range from 2% to 6% of the loan amount.
- Common refinance options include rate-and-term, cash-out, no-closing-cost, and streamline refinances.
- Homeowners can choose to refinance with their existing lender or shop for a new one.