Table of Contents
- Today’s average refinance rates
- Today’s refinance rate trends
- What to know about 2024 refinance rate trends
- What to know about refinancing
- How to choose the right refinance type and term
- When to consider a mortgage refinance
Article updated on Oct 25, 2024
Climbing mortgage rates do little to incentivize refinancing activity.
Our Experts
Written by Katherine Watt is a CNET Money writer focusing on mortgages, home equity and banking. She previously wrote about personal finance for NextAdvisor. Based in New York, Katherine graduated summa cum laude from Colgate University with a bachelor's degree in English literature.
Edited by Laura Michelle Davis Editor Laura is a professional nitpicker and good-humored troubleshooter with over 10 years of experience in print and digital publishing. Before becoming an editor with CNET, she worked as an English teacher, Spanish medical interpreter, copy editor and proofreader. She is a fearless but flexible defender of both grammar and weightlifting, and firmly believes that technology should serve the people. Her first computer was a Macintosh Plus.
- Mortgage
- 30-year fixed-rate
6.80% (+0.25)
- 15-year fixed-rate
6.07% (+0.24)
- 30-year fixed-rate jumbo
6.82% (+0.16)
- 5/1 ARM
6.26% (+0.14)
- 10-year fixed-rate
6.07% (+0.28)
Refinance - 30-year fixed-rate refinance
6.77% (+0.23)
- 15-year fixed-rate refinance
6.08% (+0.20)
- 10-year fixed refinance
6.10% (+0.29)
Our Experts
Written by Katherine Watt is a CNET Money writer focusing on mortgages, home equity and banking. She previously wrote about personal finance for NextAdvisor. Based in New York, Katherine graduated summa cum laude from Colgate University with a bachelor's degree in English literature.
Edited by Laura Michelle Davis Editor Laura is a professional nitpicker and good-humored troubleshooter with over 10 years of experience in print and digital publishing. Before becoming an editor with CNET, she worked as an English teacher, Spanish medical interpreter, copy editor and proofreader. She is a fearless but flexible defender of both grammar and weightlifting, and firmly believes that technology should serve the people. Her first computer was a Macintosh Plus.
Getty Images
Written by
Katherine Watt
Writer
Katherine Watt is a CNET Money writer focusing on mortgages, home equity and banking. She previously wrote about personal finance for NextAdvisor. Based in New York, Katherine graduated summa cum laude from Colgate University with a bachelor's degree in English literature.
Advertiser Disclosure
CNET editors independently choose every product and service we cover. Though we can’t review every available financial company or offer, we strive to make comprehensive, rigorous comparisons in order to highlight the best of them. For many of these products and services, we earn a commission. The compensation we receive may impact how products and links appear on our site.
Editorial Guidelines
Writers and editors and produce editorial content with the objective to provide accurate and unbiased information. A separate team is responsible for placing paid links and advertisements, creating a firewall between our affiliate partners and our editorial team. Our editorial team does not receive direct compensation from advertisers.
How we make money
CNET Money is an advertising-supported publisher and comparison service. We’re compensated in exchange for placement of sponsored products and services, or when you click on certain links posted on our site. Therefore, this compensation may impact where and in what order affiliate links appear within advertising units. While we strive to provide a wide range of products and services, CNET Money does not include information about every financial or credit product or service.