Here are the average annual percentage rates (APR) on 30- and 15-year fixed mortgage refinances and 5/1 ARM refinances: Today’s Mortgage Refinance Rates The average APR for a 30-year fixed refinance ...

Some borrowers might choose to refinance to switch from an adjustable-rate to a fixed-rate mortgage or to tap into their home equity. But the decision to refinance is made more complex if you have ...

You’ll need a credit score of at least 620 for a conventional refinance. Credit score minimums for other types of refinances range from 580 to 700 or higher. Refinances, like purchase mortgages, come ...

A rate and term refinance replaces your previous mortgage with a new loan that has a different rate, a different term or both. You can use a rate and term refinance to switch from one type of loan to ...