1 of 1
Story summary
- As of April 2, 2026, the average 30-year mortgage rate is 6.25%, and the refinance rate is 6.81%.
- For a 15-year mortgage, rates are 5.75% for purchases and 5.83% for refinances.
- Rates fluctuated after the Federal Reserve cuts, then rose in March due to inflation and geopolitical issues.
- Homeowners considering refinancing should evaluate current rates and potential savings, including closing costs of 2%–6% of the loan.
