<ul><li>Today, the rate on a 30-year fixed refinance rose.</li><li>The current 30-year, fixed-rate refinance is averaging 7.13%.</li><li>For a 20-year fixed refinance mortgage, the average interest rate is currently 6.98%.</li><li>At today's interest rate of 6.98%, a 20-year, fixed-rate mortgage refinance of $100,000 would cost $774 per month.</li><li>For a 15-year fixed refinance mortgage, the average interest rate is currently 6.21%.</li><li>At a 15-year fixed refinance mortgage rate of 6.21%, a borrower would pay $855 per month in principal and interest.</li><li>No mortgage refinance rates are typically higher than purchase loan rates due to additional risk for the lender.</li><li>When you refinance, your new rate is based on current refinance rates and your loan term.</li><li>Refinancing your mortgage can be worth it for reasons that include lowering your interest rate or your monthly payments.</li><li>Lenders offer multiple mortgage refinance options to help you quickly compare your potential rate and monthly payment.</li></ul>

Here Are Today’s Refinance Rates: December 12, 2024—Rates Inch Up

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