Updated Weekly

Refinance Rates

Replace your existing mortgage with better terms. Lower your rate or access equity.

Sunday, May 17, 2026

Current Average Rate

6.75%

-0.03% vs last week

10-Week Low

6.48%

10-Week High

6.85%

Rate History

Jan 1Feb 5Mar 4

Compare Lender Rates

Lender	Rate	APR	Points	Est. Payment*	Fees
National Bank	6.63%	6.77%	0.5	$1,921/mo	$3,000
Credit Union Plus	6.50%	6.67%	1	$1,896/mo	$3,800
Mortgage Direct	6.75%	6.83%	None	$1,946/mo	$2,500
Home Finance CoBest	6.38%	6.59%	1.5	$1,872/mo	$4,500
First Liberty	6.88%	6.93%	None	$1,972/mo	$2,200

*Based on $300,000 loan amount. Rates are samples for illustration purposes. Actual rates vary.

Refinance Tips

A common rule of thumb: refinance if you can lower your rate by at least 0.5-1%

Factor in closing costs (2-5% of loan) to calculate your break-even point

Cash-out refinancing lets you access home equity but increases your loan balance

Rate-and-term refinancing changes your rate and/or term without taking cash out

Shop at least 3-5 lenders and compare the Loan Estimate documents

Consider the remaining term on your current loan before restarting the clock

About Refinance Rates

Replace your existing mortgage with better terms. Lower your rate or access equity. The current average rate is 6.75%, which has decreased compared to last week.

Over the past 10 weeks, rates have ranged from a low of 6.48% to a high of 6.85%, a spread of 0.37 percentage points.

Rates Are Samples

Rates shown are for informational purposes. Your actual rate depends on credit score, down payment, loan amount, property type, and lender. Always compare multiple offers.