Today's Mortgage Refinance Rates by State – Jan. 3, 2025

Jan 3, 2025 · The states with the cheapest 30-year mortgage refinance rates Thursday were New York, California, Florida, Colorado, Virginia, Washington, and Minnesota. These seven states registered 30-year refi ...

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Here Are Today’s Refinance Rates: January 3, 2025—Rates Jump Up

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Jan 3, 2025 · The rate on a 30-year fixed refinance climbed today. The current 30-year, fixed-rate mortgage refinance rate is averaging 7.40%, according to Curinos, while 15-year, fixed-rate …

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Mortgage Rates Fall Again | Today, Jan. 3, 2025 - The Mortgage …

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Jan 3, 2025 · >Related: 7 Tips to get the best refinance rate 30-year fixed rate mortgage. At the time this was published, the average 30-year fixed mortgage rate reached 6.95%. The …

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Here Are Today’s Refinance Rates: January 7, 2025—Rates ... - Forbes

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Jan 7, 2025 · Refinance rates remained unchanged today. Refinancing rates for a 30-year, fixed-mortgage are averaging 7.41%, according to Curinos. For 15-year fixed mortgages, the …

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Mortgage And Refinance Rates For Jan. 9, 2025: Average Rates Tick

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6 days ago · Rates on a 15-year mortgage stand at an average 6.32% for purchase and 6.34% for refinance — up 3 basis point from 6.29% for purchase and 5 basis point from 6.29% for …

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Current Refinance Rates: January 8, 2025—Rates Hold Steady

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Jan 8, 2025 · 30-Year Fixed Refinance Interest Rates. Today, the average rate for the 30-year fixed-rate mortgage refinance stayed at 7.41% from yesterday. At this time last week, the 30 …

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Refinance Rates Ride High Above 7%. Today's Refi Rates, Jan. 6, …

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Jan 6, 2025 · Today's average mortgage rates on Jan. 07, 2025, compared with one week ago. We use rate data collected by Bankrate as reported by lenders across the US. See all of …

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FAQs about Today's Mortgage Refinance Rates by State – Jan. 3, 2025 Coupon?

What is the average mortgage refinance rate?

The rate on a 30-year fixed refinance climbed today. The current 30-year, fixed-rate mortgage refinance rate is averaging 7.40%, according to Curinos, while 15-year, fixed-rate refinance mortgages average of 6.49%. For 20-year mortgage refinances, the average rate is 7.26%. Related: Compare Current Refinance Rates ...

How much would a 20-year mortgage refinance cost?

At the current interest rate of 7.26%, a 20-year, fixed-rate mortgage refinance of $100,000 would pay $791 per month in principal and interest. That doesn’t include taxes and fees. That borrower would pay roughly $89,850 in total interest over the life of the loan. The average interest rate on the 15-year fixed refinance mortgage fell to 6.49%. ...

Which states have the cheapest 30-year mortgage refinance rates?

Prior to joining Investopedia as an editor, Jen worked as a contractor or staffer for MarketWatch, Finimpact, Payscale, and other outlets. The states with the cheapest 30-year mortgage refinance rates Thursday were New York, California, Florida, Colorado, Virginia, Washington, and Minnesota. ...

Will mortgage rates go down in 2025?

Average 15-year mortgage rates were 5.92%. Both of these rates increased compared to the month before. Fortunately, most major forecasts believe that mortgage rates will go down somewhat in 2025 as inflation slows and the Fed continues lowering the federal funds rate. But how much they drop depends on where the economy goes in the coming months. ...

What are the different types of mortgage refinance options?

The three most common types of mortgage refinance options are: Rate-and-term refinance. Allows you to lower your interest rate and/or change your loan term. For example, you might want to refinance your 30-year mortgage with a 5% interest rate into a 15-year mortgage with a 3% rate. ...

What is a rate and term refinance?

Rate-and-term refinance. Allows you to lower your interest rate and/or change your loan term. For example, you might want to refinance your 30-year mortgage with a 5% interest rate into a 15-year mortgage with a 3% rate. This will lower your total interest costs and help you pay off the mortgage faster. Cash-out refinance. ...