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The Current Average Refinance Rates in the US - Updated: Sun, Dec 15, 2024

Rate type	Average Rate	1W Change	1M Change	1Y Change
30-Year Fixed-Rate	6.6	-0.09	-0.19	-0.43
15-Year Fixed-Rate	5.84	-0.12	-0.16	-0.45
FHA 30-Year Fixed-Rate	6.27	-0.12	-0.08	-0.56
Jumbo 30-Year Fixed-Rate	6.82	0.06	-0.14	-0.28
VA 30-Year Fixed-Rate	6.08	-0.05	-0.1	-0.53
USDA 30-Year Fixed-Rate	6.33	0.02	-0.04	-0.49

National Average Refinance Rates trend

According to data from Freddie Mac's Primary Mortgage Market Survey and Optimal Blue Mortgage Market Indices, As of the latest data, mortgage rates continue to exhibit downward trends across various loan programs. Here's a snapshot of the recent changes:

30-Year Fixed-Rate: The average rate for 30-Year Fixed-Rate is now at 6.6. Over the past week, we've seen a decrease of -0.09, while the rates have decreased by -0.19 over the past month. Looking back a year, the rate has decreased by -0.43.
15-Year Fixed-Rate: The average rate for 15-Year Fixed-Rate is now at 5.84. Over the past week, we've seen a decrease of -0.12, while the rates have decreased by -0.16 over the past month. Looking back a year, the rate has decreased by -0.45.
FHA 30-Year Fixed-Rate: The average rate for FHA 30-Year Fixed-Rate is now at 6.27. Over the past week, we've seen a decrease of -0.12, while the rates have decreased by -0.08 over the past month. Looking back a year, the rate has decreased by -0.56.
Jumbo 30-Year Fixed-Rate: The average rate for Jumbo 30-Year Fixed-Rate is now at 6.82. Over the past week, we've seen a slight increase of 0.06, while the rates have decreased by -0.14 over the past month. Looking back a year, the rate has decreased by -0.28.
VA 30-Year Fixed-Rate: The average rate for VA 30-Year Fixed-Rate is now at 6.08. Over the past week, we've seen a decrease of -0.05, while the rates have decreased by -0.1 over the past month. Looking back a year, the rate has decreased by -0.53.
USDA 30-Year Fixed-Rate: The average rate for USDA 30-Year Fixed-Rate is now at 6.33. Over the past week, we've seen a slight increase of 0.02, while the rates have decreased by -0.04 over the past month. Looking back a year, the rate has decreased by -0.49.

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Updated on 30-Aug-24

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The information provided in this article is for general informational purposes only and should not be considered as financial advice. The content is based on data from Freddie Mac's Primary Mortgage Market Survey and Optimal Blue Mortgage Market Indices. Mortgage rates are subject to change and may vary based on individual factors, including creditworthiness, loan amount, and location. Please note that the rates mentioned in this article are averages and may not reflect the rates offered by specific lenders or financial institutions. Additionally, the rates mentioned here may have changed since the publication date. It is recommended to consult with a qualified financial advisor or mortgage professional for personalized advice regarding mortgage rates and financial decisions. The accuracy and completeness of the information provided in this article are not guaranteed. The authors, publishers, and affiliates disclaim any liability for any errors, inaccuracies, or omissions in the content, or for any actions taken based on the information provided herein. Always conduct thorough research and consider seeking advice from qualified professionals before making financial decisions. Your financial situation and needs are unique, and you should make decisions based on your individual circumstances. Mintrates.com is an online news and information service that provides editorial content and directory information about various financial products, including personal loans, business loans, and mortgage products. Mintrates.com is not a lender, mortgage broker, or financial institution, and it does not offer loans or mortgages directly or indirectly through its representatives or agents. Mintrates.com does not provide an application for credit or mortgage loans on our platform. Any loan applications or transactions must be conducted directly with the lenders or financial institutions. Mintrates.com strives to provide accurate and up-to-date information, Mintrates.com do not guarantee the accuracy, completeness, or reliability of the rates, APR, or loan details posted by brokers, lenders, or advertisers on our platform. By using Mintrates.com, you agree to the terms of this disclaimer and acknowledge that Mintrates.com is not responsible for any decisions or actions taken based on the information provided on our platform. The information provided should be used as a general reference only, and users are advised to verify all details directly with the respective lenders or financial institutions before making any financial decisions based on the information provided on Mintrates.com. This site is directed at, and made available to, persons in the continental U.S., Alaska and Hawaii only. Mintrates.com not liable for any financial or non-financial losses or damages resulting from the use of our website or reliance on the information presented. All trademarks and logos appearing on Mintrates.com are the property of their respective owners. The inclusion of these trademarks and logos on our platform does not imply an endorsement of our products or services by the owners of these trademarks. Mortgage rate data is sourced from various providers and may be subject to change without notice. The data is provided 'as is,' and mintrates.com makes no warranties, express or implied, regarding the accuracy, completeness, or reliability of the information. Use of the mortgage rate data is at the user's own risk. Mintrates.com shall not be liable for any damages, whether direct, indirect, incidental, special, consequential, or punitive, arising out of or related to the use of the data, including but not limited to errors, inaccuracies, omissions, or any actions taken based on the information provided. Users are advised to independently verify the accuracy and applicability of the mortgage rate data and seek professional advice before making any financial decisions. Mintrates.com is not responsible for any actions taken based on the information provided on this website.

Mortgage Rates Source

Source 1: Optimal Blue. Release: Optimal Blue Mortgage Market Indices. This index includes rate locks from Federal Housing Authority loans. Optimal Blue Mortgage Market Indices™ (OBMMI™) is calculated from actual locked rates with consumers across over one-third of all mortgage transactions nationwide. OBMMI includes multiple mortgage pricing indices developed around the most popular products and specific borrower and loan level attributes. Each index is calculated as the average of all appropriate rate locks locked through the Optimal Blue product eligibility and pricing engine on a given day. More details about methodology and definitions are available at this link. Optimal Blue, 30-Year Fixed Rate FHA Mortgage Index, 30-Year Fixed Rate Jumbo Mortgage Index, 30-Year Fixed Rate Veterans Affairs Mortgage Index in the United States, retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/
Source 2: Freddie Mac. Release: Primary Mortgage Market Survey. On November 17, 2022, Freddie Mac changed the methodology of the Primary Mortgage Market Survey® (PMMS®). The weekly mortgage rate is now based on applications submitted to Freddie Mac from lenders across the country. For more information regarding Freddie Mac’s enhancement, see their research note. Freddie Mac, 30-Year Fixed Rate Mortgage Average, 15-Year Fixed Rate Mortgage Average, 5/1-Year Adjustable Rate Mortgage Average in the United States, retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org Data are provided “as is” by Freddie Mac®, with no warranties of any kind, express or implied, including but not limited to warranties of accuracy or implied warranties of merchantability or fitness for a particular purpose. Use of the data is at the user’s sole risk. In no event will Freddie Mac be liable for any damages arising out of or related to the data, including but not limited to direct, indirect, incidental, special, consequential, or punitive damages, whether under a contract, tort, or any other theory of liability, even if Freddie Mac is aware of the possibility of such damages.