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Mortgage Refinance Rates Today: June 23, 2025 – No Movement On Rates
- 30-year fixed refinance mortgage rates remained unchanged at 6.85% today. The 15-year mortgage refinance rate is 5.77%, and the 20-year rate is 6.67%.
- The APR for a 30-year fixed refinance is currently 6.88%, up from 6.84% last week.
- For a $100,000 loan with a 30-year fixed refinance, the monthly cost is $655 in principal and interest at 6.85% interest rate, totaling $136,567 in interest over the loan term.
- The 20-year fixed mortgage refinance rate stands at 6.65%, with a monthly cost of $756 for a $100,000 loan.
- The average rate for a 15-year fixed refinance mortgage is 5.77%, with an APR of 5.81%. The monthly cost for a $100,000 loan is $831.
- 30-year fixed-rate jumbo mortgage refinance rate is 7.08%, costing $671 per month for a $100,000 borrowed amount.
- A 15-year fixed-rate jumbo mortgage refinance is at 6.44%, costing $868 per month for a $100,000 borrowed amount.
- Refinancing a mortgage requires paperwork, home appraisal, and closing costs of 2% to 6% of the loan amount.
- It’s crucial to compare current and new interest rates and terms when considering refinancing to estimate savings and monthly payments.
- Closing costs associated with refinancing should be weighed against potential savings to determine if refinancing is beneficial in the long run.
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