<ul><li>The rate on a 30-year fixed refinance increased today.</li><li>The current 30-year, fixed-rate mortgage refinance rate is averaging 7.12%.</li><li>For 20-year mortgage refinances, the average rate is 6.93%.</li><li>Borrowers with a 30-year, fixed-rate mortgage of $100,000 will pay $673 per month for principal and interest.</li><li>The borrower will pay total interest costs of about $142,369 over the life of the loan.</li><li>The average interest rate on the 20-year fixed refinance mortgage is 6.93%.</li><li>For a 15-year fixed refinance mortgage, the average interest rate is currently 6.19% compared to 6.31% at this time last week.</li><li>The average interest rate for a 30-year, fixed-rate jumbo mortgage refinance is 7.00%.</li><li>Rates for government-backed loan programs such as FHA and VA mortgage refinances can be lower than a conventional or jumbo refinance.</li><li>Refinancing your mortgage can make sense if you plan to remain in your home for a number of years.</li></ul>

Mortgage Refinance Rates Today: December 11, 2024—Rates Advance Higher

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