Today’s Refinance Rates

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Last updated on December 26th, 2022 at 09:35 pm

Amanda Byford
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The national rate average for 30-year fixed-rate refinances grew. 

Whereas the average rate on 15-year fixed refinance and 10-year fixed refinance mortgages remained unaltered.

The refinance interest rates keep changing every day. If you are looking to refinance your existing mortgage, this may be a perfect time as they are still comparatively low.

The average 30 years fixed refinance increased by 3 basis points from last week at 3.13% to today’s interest rate of 3.16%.

The average 15 years fixed refinance rates remained the same as last week at 2.42%.

Unmoved from the week earlier the average 10-year fixed refinance rate is at 2.43%.

You can still discover the right refinance for you.

According to Freddie Mac’s weekly survey, in early March, the mortgage rates inched above 3% for the first time since July 2020. 

They feel the phase of record low rates could end soon.

Whereas some experts predict the rates to stay low and will gain speed in the second half of the year. 

In the long-term refinance rates depend on factors like inflation and economic recovery.

2020 was a historically excellent period to refinance as rates had never been that low. 

But since the onset of 2021 mortgage rates have inched up and crossed the 3% threshold for the first time since last summer.

Reference Source: Next Advisor

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