The rate on a 30-year fixed refinance increased to 6.77% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.67%. For 20-year mortgage refinances,

For the vast majority of homeowners, there's currently little financial incentive to refinance their mortgages. So far in 2025, average mortgage rates have remained elevated, consistently hovering between 6.5% and 7% due to ongoing economic uncertainty.