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Today’s Mortgage Refinance Rates
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Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also eased. The average rate dropped to 5.87% from 5.92% last week. A year ago, it was 6.07%, Freddie Mac said.
The average rate on 30-year fixed home loans registered 6.74% for the week ending July 24, barely down from 6.75% last week.
Also, 15-year refinance rates are typically lower than 30-year refinance rates, which will help you save more in the long run. 10-year fixed-rate refinance.
We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Refinance Rates Climb Again After Brief Pause - July 9, 2025
While home equity rates have traded in a tight range this month, they are still lower than personal loan rates, which currently average 12.64 percent, and especially credit card rates, which average 20.
Refinance rates change daily, but experts say rates could inch down in the coming months. Katherine Watt Writer Katherine Watt is a CNET Money writer focusing on mortgages, home equity and banking.
If you click on links we provide, we may receive compensation. Kateryna Onyshchuk / Getty Images Refinance rates for 30-year loans edged just 2 basis points higher Thursday, nudging the average up to 7.11%. That's still a significant improvement vs.
The Fed’s decision on interest rates affects many types of consumer borrowing costs, from credit cards and mortgages to auto loans.
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