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Today’s 30-year refinance rates
Written by
- • Mortgages
- • Mortgage refinancing
Edited by
Reviewed by
- • Certified Financial Planner™ Professional Since 2013
- • Comprehensive financial planning
- • Wealth management
Edited by
Reviewed by
- • Certified Financial Planner™ Professional Since 2013
- • Comprehensive financial planning
- • Wealth management
Oct. 29, 2025
Advertiser Disclosure
You have money questions. Daily Tech Finance has answers.
Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Daily Tech Finance is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or when you click on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. However, this compensation in no way affects Daily Tech Finance’s news coverage, recommendations or advice as we adhere to strict editorial guidelines.
Our advertisers do not compensate us for favorable reviews or recommendations. Our site has comprehensive free listings and information for a variety of financial services from mortgages to banking to insurance, but we don’t include every product in the marketplace. In addition, though we strive to make our listings as current as possible, check with the individual providers for the latest information.
Compare personalized rates in your area to find a lender
Written by
- • Mortgages
- • Mortgage refinancing
Edited by
Reviewed by
- • Certified Financial Planner™ Professional Since 2013
- • Comprehensive financial planning
- • Wealth management
At Daily Tech Finance, we take the accuracy of our content seriously.
“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced.
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On Wednesday, October 29, 2025, the national average 30-year fixed refinance APR is 6.60%. The average 30-year fixed mortgage APR is 6.24%, according to Daily Tech Finance's latest survey of the nation's largest refinance lenders.
On Wednesday, October 29, 2025, the national average 30-year fixed refinance APR is 6.60%. The average 30-year fixed mortgage APR is 6.24%, according to Daily Tech Finance's latest survey of the nation's largest refinance lenders.
Top offers on Daily Tech Finance vs. national average interest rates
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APRs not included. For our most recent APR information, please visit our
How our rates are calculated
- National rate and APR averages: Displayed as daily and weekly averages, these rates and APRs are primarily collected from the 5 largest banks and thrifts across hundreds of markets in the U.S.
- “Top offers”: Displayed daily and weekly, these are an average of the rates listed first on our rate tables as advertised by our partners. The averages shown are based on the loan type and term selected.
You can compare national average mortgage rates to top offers to see how much you could save when shopping on Daily Tech Finance. Learn more about how we collect, display and report mortgage rates.
For the week of October 26th, top offers on Daily Tech Finance are X% lower than the national average. On a $340,000 30-year loan, this translates to $XXX in annual savings.
For today, Wednesday, October 29, 2025, the national average 30-year fixed refinance interest rate is 6.53%. Meanwhile, the current average 30-year fixed mortgage interest rate is 6.18%.
Weekly national mortgage interest rate trends
Current refinance rates
| 30 year fixed refinance | 6.61% | |
| 15 year fixed refinance | 6.00% | |
| 10 year fixed refinance | 6.25% | |
| 5/1 ARM refinance | 6.02% |
For today, Wednesday, October 29, 2025, the national average 30-year fixed refinance interest rate is 6.53%. Meanwhile, the current average 30-year fixed mortgage interest rate is 6.18%.
How to compare 30-year fixed refinance rates
Lenders nationwide provide weekday mortgage interest rates to our comprehensive national survey to bring you the most current rates available. Here you can see the latest marketplace average interest rates for a wide variety of purchase loans. The interest rate table below is updated daily to give you the most current purchase rates when choosing a home loan. APRs and rates are based on no existing relationship or automatic payments. For these averages, the customer profile includes a 740 FICO score and a single-family residence. To learn more, see understanding Daily Tech Finance rate averages.
Mortgage rates and closing costs can vary widely from lender to lender, so shopping around might save you money. Borrowers could save an average of $1,500 over the life of the loan by getting one additional rate quote, and an average of $3,000 by seeking out five quotes, according to Freddie Mac research. (Freddie Mac also found that the reward for shopping around had increased during the rate volatility of 2022.)
Mortgage rates and closing costs can vary widely from lender to lender, so shopping around might save you money.
| Product | Interest Rate | APR |
|---|---|---|
| 30-Year Fixed Rate | 6.18% | 6.24% |
| 30-Year Fixed-Rate VA | 6.64% | 6.69% |
| 30-Year Fixed-Rate FHA | 6.58% | 6.64% |
| 30-Year Fixed-Rate Jumbo | 6.30% | 6.35% |
Rates as of Wednesday, October 29, 2025 at 6:30 AM
| Product | Interest Rate | APR |
|---|---|---|
| 30-Year Fixed Rate | 6.53% | 6.60% |
| 30-Year Fixed-Rate VA | 7.63% | 7.70% |
| 30-Year Fixed-Rate FHA | 7.17% | 6.60% |
| 30-Year Fixed-Rate Jumbo | 6.48% | 6.54% |
Rates as of Wednesday, October 29, 2025 at 6:30 AM
-
Daily Tech Finance’s mortgage rates include national rate and APR averages; Daily Tech Finance Monitor (BRM) National Index rate averages; and “top offers”:
- National rate and APR averages: Displayed as daily and weekly averages, these rates and APRs are primarily collected from the 5 largest banks and thrifts across hundreds of markets in the U.S.
- Daily Tech Finance Monitor (BRM) National Index rate averages: Reported weekly, this long-standing survey collects rates from banks and thrifts across hundreds of markets in the U.S.
- “Top offers”: Displayed daily and weekly, these are an average of the rates listed first on our rate tables as advertised by our partners. The averages shown are based on the loan type and term selected.
You can compare national average mortgage rates to top offers to see how much you could save when shopping on Daily Tech Finance.
Learn more about how we collect, display and report mortgage rates.
How to refinance into a 30-year loan
- Make a plan. Do you want to lower your rate? Pull out equity for home improvements? There should be a good reason why you’re refinancing — whether it’s to reduce your monthly payment, shorten the term of your loan or pull out equity for home repairs or debt repayment.
- Check your credit score. You’ll need to qualify for a refinance just as you needed to get approval for your original home loan. The higher your credit score, the better refinance rates lenders will offer you. The best 30-year refinance deals go to borrowers with credit scores of 740 or higher. Spending a few months boosting your credit score can go a long way to help you secure a better rate.
- Shop around. Use Daily Tech Finance to compare offers on 30-year refinances and find the best deal for you. You can save thousands if you get quotes from at least three lenders.
- Compare deals. The interest rate isn’t the only thing to consider in a 30-year refinance. You’ll also want to weigh expenses such as closing costs and points.
Should you refinance into a 30-year mortgage?
The most common reason to refinance a 30-year mortgage is to reduce your interest rate. By reducing your rate, you’ll lower your monthly mortgage payment as well as the total interest you pay over the loan term. Another popular reason to refinance is to use a cash-out refinance to pay for expenses such as home improvements, to get rid of credit card debt or to pay for emergencies.
If you've been waiting for rates to drop to refinance, a window of opportunity could be opening. Rates recently broke from the tight range they'd been holding for much of 2025, dropping to 6.54 percent as of late August. In addition, Federal Reserve Chair Jerome Powell has indicated that a rate cut could be coming, which might prompt rates to drop further.
When considering refinancing, you need to understand your goals. Are you trying to lower your payment or pay your loan off sooner? You also need to know that refinancing generally only makes sense if you plan to spend several more years in your home. It can sometimes take years to break even on the cost of refinancing.
Pros of a 30-year fixed refinance mortgage
- Lower monthly payments: By extending the loan over three decades, you can expect lower monthly payments than with shorter loan terms.
- Provides more monthly cash flow: If you need money to pay down student loans or invest, the 30-year fixed loan gives you the most flexibility.
- Plenty of choices: The 30-year fixed is the most popular type of mortgage, so there’s no shortage of lenders and loan programs to choose from.
Cons of a 30-year fixed refinance mortgage
- More total interest paid over the life of the loan: Those lower payments come with a downside — you’re paying a lot of interest over a 30-year loan term compared to a 15-year loan.
- Longer terms have slightly higher mortgage rates overall: Lenders are taking on more risk by extending a rate for three decades, so 30-year loans carry higher interest rates than 15-year loans.
- It takes longer to gain equity: A 30-year repayment schedule means you’re paying down the balance at a slower pace so not only will it take longer to build equity but the interest paid each month will also decline at a slow pace.
Should you refinance to a 15-year loan or another 30-year loan?
"Generally, if you can refinance to a 15-year loan at a lower rate and not significantly increase your monthly payment, I’d say go for it. However, if the payment’s going up enough that it restricts your cash flow, you may want to consider a 30-year loan. Financial flexibility is incredibly valuable, even if it means you don’t pay off your mortgage as soon as you’d like."
"Generally, if you can refinance to a 15-year loan at a lower rate and not significantly increase your monthly payment, I’d say go for it. However, if the payment’s going up enough that it restricts your cash flow, you may want to consider a 30-year loan. Financial flexibility is incredibly valuable, even if it means you don’t pay off your mortgage as soon as you’d like."
"If you qualify to refinance into a 15-year fixed mortgage, it’s almost always the better option. This is primarily because of the massive savings on interest you will make over the life of the loan. Let's use a $500,000 house with a 6% interest rate as an example. For a 15-year mortgage, you would pay $259,471.15 in total interest. For a 30-year mortgage, you would pay $579,190.95 in total interest. That’s a staggering $319,719.80 in savings over the life of the loan!Additionally, 15-year fixed mortgages typically come with lower interest rates than 30-year loans, which means even more savings. Because you pay down the principal much faster on a shorter loan, you will also build equity quicker if you go this route. The benefits of a shorter loan are clear — it just comes down to if you can qualify and fit it in your budget."
"If you qualify to refinance into a 15-year fixed mortgage, it’s almost always the better option. This is primarily because of the massive savings on interest you will make over the life of the loan. Let's use a $500,000 house with a 6% interest rate as an example. For a 15-year mortgage, you would pay $259,471.15 in total interest. For a 30-year mortgage, you would pay $579,190.95 in total interest. That’s a staggering $319,719.80 in savings over the life of the loan!Additionally, 15-year fixed mortgages typically come with lower interest rates than 30-year loans, which means even more savings. Because you pay down the principal much faster on a shorter loan, you will also build equity quicker if you go this route. The benefits of a shorter loan are clear — it just comes down to if you can qualify and fit it in your budget."
30-year refinance FAQ
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A 30-year fixed-rate mortgage is the most common type of loan. It has a set rate, which keeps your principal and interest payments stable. Refinancing with a 30-year loan lets you pay off and replace your existing loan with a new, longer-term loan and a different rate.
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To determine your mortgage rate, lenders will review your credit score, payment history, savings, income, and other aspects of your financial life. Lenders want to ensure that you are not a risky borrower, and that you are unlikely to default on your loan.
These qualifying factors are within your control, but you won’t be able to control external factors that influence your mortgage rate, such as inflation. Rates briefly topped 8 percent in 2023, reaching their highest level in decades, partly as a result of inflation. Thankfully for borrowers, rates have pulled back. However, rates were dipping closer to 6.5 percent in late August 2025.
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Fifteen-year refinance rates are typically lower than 30-year refinance rates. As a result, you’ll pay significantly less in interest over the life of the loan if you choose a 15-year loan. Plus, you’ll repay the loan in half the time.
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Yes, refinance rates are usually slightly higher than purchase rates to compensate for the added risk that comes with refinancing. However, refinance and purchase rates vary by lender, so it's worth comparing a few options to find the best rate.
Additional resources
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- Mortgage refinancing
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