<ul><li>Today's mortgage refinance rates saw an increase, with the 30-year fixed refinance rate rising to 7.02%.</li><li>For a 15-year financed mortgage, rates averaged 5.98% and for a 20-year financed mortgage, it averaged 6.88%.</li><li>The average rate for a 30-year fixed-rate mortgage refinance is now 7.02%, up from last week's 5.93%.</li><li>The APR for a 30-year fixed-rate mortgage currently stands at 7.05%.</li><li>The 20-year fixed mortgage refinance average rate is 6.88%, with an APR of 6.92%.</li><li>On a 15-year fixed refinance, the interest rate is 5.98% and the APR is 6.03%.</li><li>The average interest rate on a 30-year fixed-rate jumbo mortgage refinance is 7.59%.</li><li>For a 15-year fixed-rate jumbo mortgage refinance, the rate is 6.4% on average.</li><li>Refinance rates are typically slightly higher than mortgage rates, varying by program.</li><li>Consider factors like APR, refinance type, and loan program before refinancing your mortgage.</li><li>Expect little change in mortgage rates in the first half of 2025; potential decline in the second half.</li><li>Improving credit score and reducing loan balance can help secure lower rates when refinancing.</li></ul>

Today’s Mortgage Refinance Rates: May 22, 2025 – Rates Move Up

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