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Current Mortgage Refinance Rates: May 19, 2025 – No Movement On Rates
- Current mortgage refinance rates as of May 19, 2025, show stability with no movement in rates.
- 30-year fixed refinance mortgage rates remained at 6.91%, 15-year fixed refinance mortgage rates at 5.86%, and 20-year fixed refinance mortgage rates at 6.76%.
- The APR for a 30-year fixed refinance is 6.94%, and for a 20-year fixed refinance, it is 6.8%.
- On a 30-year fixed refinance of $100,000 at 6.91%, monthly payment would be $659 with total interest around $138,060 over the loan term.
- For a 20-year fixed refinance of $100,000 at 6.76%, monthly payment would be $761 with total interest around $83,187.
- A 15-year fixed refinance of $100,000 at 5.86% would result in a monthly payment of approximately $836 and total interest of $50,933.
- Jumbo mortgage refinance rates are at 7.59% for 30-year fixed and 6.48% for 15-year fixed, with varying monthly payments and total interest costs.
- Factors such as credit score, loan term, and current interest rates impact the refinancing decision, with the possibility of accessing equity through a refinance.
- Watching national average mortgage interest rates can guide refinancing decisions, as they are expected to remain stable in the initial months of 2025.
- Improving credit score, managing finances, and keeping track of mortgage rates are essential when considering or waiting for a refinancing opportunity.
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