<ul data-eligibleForWebStory="true"><li>Today's mortgage refinance rates: 30-year fixed refinance rate at 6.91%, 15-year at 5.86%, and 20-year at 6.74%.</li><li>Average APR for a 30-year fixed refinance mortgage is 6.94% with monthly payment estimated at $659 for $100,000 loan.</li><li>For a 20-year fixed refinance, the average interest rate is 6.74% with APR at 6.78%</li><li>15-year fixed refinance mortgage rate is 5.86% with an APR of 5.9%.</li><li>Considerations for jumbo mortgage refinance rates: 30-year at 7.28% and 15-year at 6.52%.</li><li>Refinance rates can be higher than mortgage rates; cash-out refinance rates are higher due to borrowing from equity.</li><li>Factors affecting rates include loan program (conventional, FHA, VA, jumbo) and additional fees included in APR.</li><li>When refinancing, compare current and new rates, mortgage balance, and term to assess monthly savings and overall benefits.</li><li>Refinancing aims to lower interest rates, reduce payments, shorten loan term, access equity, or eliminate PMI.</li><li>Experts predict stable mortgage rates for the first half of 2025; potential rate changes in the second half based on inflation and unemployment trends.</li></ul>

Mortgage Refinance Rates Today: June 11, 2025 – Rates Decline

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