Today's refinance rates

See how a lower rate could add room in your budget each month.

Purchase rates

Monthly payment examples below are for a loan amount of $275k ($1,100k on Jumbo). Taxes and insurance not included within the estimate; actual payment amount will be greater.

30-year fixed

Rate

6.75%

APR
7.03%

Monthly payment$1,784

Points

1.625 ($4,469)

Estimate my rate Learn about 30-year fixed

30-year FHA

Rate

6.49%

APR
7.377%

Monthly payment$1,851

Points

1.875 ($5,157)

Estimate my rate Learn about FHA loans

30-year VA

Rate

6.49%

APR
7.012%

Monthly payment$1,737

Points

1.875 ($5,157)

Estimate my rate Learn about VA loans

30-year jumbo fixed

Rate

6.75%

APR
6.936%

Monthly payment$7,135

Points

1.375 ($15,125)

Estimate my rate Learn about jumbo loans

15-year fixed

Rate

6.125%

APR
6.591%

Monthly payment$2,340

Points

1.75 ($4,813)

Estimate my rate Learn about 15-year fixed

5-year ARM

Rate

5.875%

APR
6.631%

Monthly payment$1,627

Points

2 ($5,500)

Estimate my rate Learn about 5-year ARMs

Rates are current as of 7:47 PM UTC on September 16, 2026

Legal disclosures

The Rocket Mortgage Refinance Rates are for estimation purposes only. Every situation is different. Results do not reflect all loan programs and are subject to individual program loan limits. Qualification, rates and payments will vary based on timing and individual circumstances. Mortgage rates and pricing could change daily. Actual payments will vary based on your individual situation and current rates. Some products may not be available in all states. Some jumbo products may not be available to first time home buyers. Lending services may not be available in all areas. Some restrictions may apply. This is not a commitment to lend.

30-year Fixed-Rate Loan: Payment assumes a loan-to-value (LTV) of 60.00%.

30-year FHA Fixed-Rate Loan: Payment assumes a loan-to-value (LTV) of 60.00%.

Payment includes a one-time upfront mortgage insurance premium at 1.75% of the base loan amount and a monthly mortgage insurance premium (MIP) calculated at 0.5% of the base loan amount. For mortgages with a loan-to-value (LTV) ratio of 60.00%, the 0.5% monthly MIP will be paid for the first 11 years of the mortgage term. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments until the end of the loan.

30-year Fixed-Rate VA Loan: Payment assumes a loan-to-value (LTV) of 60.00%.

VA loans do not require PMI. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military.

30-year Fixed-Rate Jumbo Loan: Payment assumes a loan-to-value (LTV) of 70.00%.

15-year Fixed-Rate Loan: Payment assumes a loan-to-value (LTV) of 60.00%.

Adjustable-Rate Mortgage: The initial interest rate on 5-year Adjustable-Rate Loan is 5.875% (6.631% APR) for the cost of 2.00 Point(s) ($5,500.00) paid in cash at closing. For a $275,000 loan, the monthly payment for the initial period is $1,626.73. Payment does not include taxes and insurance premiums. The actual payment amount will be greater.

This has a 30-year amortization with a fixed rate of interest for the first 5 years, after which the interest rate may adjust every 6 months thereafter for the remainder of the mortgage term using a fully indexed rate (index plus margin rounded to the nearest 0.125%). Initial interest rate adjustment cannot change more than 5%, and thereafter, each subsequent periodic interest rate adjustment cannot change more than 1%. Rate increases are capped at 5% for the life of the loan. Interest rate will never be less than the margin. An interest rate adjustment may increase your monthly payment.

Assumptions
For all rates shown, unless otherwise noted, we assumed:

  • You’re refinancing a single-family home that’s your primary residence.
  • Your debt-to-income ratio is less than 43%.
  • Your credit score is 740.
  • You’ll have an escrow account for payment of taxes and insurance.

Curious about your cash-out options?

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How it works

Payment structure

Core benefit

Rate type

Rocket Mortgage®

Home equity loan 1

Home equity loan 1
Cash-out refi
Personal loan

Home equity loan 1

How it works

A second loan alongside your current mortgage.

Payment structure

Fixed monthly payments on a lump sum.

Core benefit

Access cash while keeping your rate.

Rate type

Fixed

Learn more

How it works

A new mortgage that replaces your current one.

Payment structure

Payments rolled into a new mortgage.

Core benefit

Access cash and you could adjust your rate.

Rate type

Fixed

Learn more

How it works

Flexible loan that doesn’t require home equity.

Payment structure

Fixed monthly payments on a lump sum.

Core benefit

Access cash fast without using your home.

Rate type

Fixed, often higher

Learn more

Rocket Mortgage®

Cash-out refi

Home equity loan 1
Cash-out refi
Personal loan

Cash-out refi

How it works

A second loan alongside your current mortgage.

Payment structure

Fixed monthly payments on a lump sum.

Core benefit

Access cash while keeping your rate.

Rate type

Fixed

Learn more

How it works

A new mortgage that replaces your current one.

Payment structure

Payments rolled into a new mortgage.

Core benefit

Access cash and you could adjust your rate.

Rate type

Fixed

Learn more

How it works

Flexible loan that doesn’t require home equity.

Payment structure

Fixed monthly payments on a lump sum.

Core benefit

Access cash fast without using your home.

Rate type

Fixed, often higher

Learn more

Rocket Loans®

Personal loan

Home equity loan 1
Cash-out refi
Personal loan

Personal loan

How it works

A second loan alongside your current mortgage.

Payment structure

Fixed monthly payments on a lump sum.

Core benefit

Access cash while keeping your rate.

Rate type

Fixed

Learn more

How it works

A new mortgage that replaces your current one.

Payment structure

Payments rolled into a new mortgage.

Core benefit

Access cash and you could adjust your rate.

Rate type

Fixed

Learn more

How it works

Flexible loan that doesn’t require home equity.

Payment structure

Fixed monthly payments on a lump sum.

Core benefit

Access cash fast without using your home.

Rate type

Fixed, often higher

Learn more

Rocket Mortgage®

Rocket Mortgage®

Home equity loan 1

Cash-out refi

Home equity loan 1
Cash-out refi
Personal loan

How it works

A second loan alongside your current mortgage.

A new mortgage that replaces your current one.

Payment structure

Fixed monthly payments on a lump sum.

Payments rolled into a new mortgage.

Core benefit

Access cash while keeping your rate.

Access cash and you could adjust your rate.

Rate type

Fixed

Fixed

Learn more
Learn more

Legal disclosure

1 Home Equity Loan product requires full documentation of income and assets, credit score and max loan-to-value (LTV), combined loan-to-value (CLTV), and home equity combined loan-to-value (HCLTV) ratios. Requirements were updated 11/19/25 and are tiered as follows: 680 minimum FICO with a max LTV/CLTV/HCLTV of 80%, 700 minimum FICO with a max LTV/CLTV/HCLTV of 85%, and 740 minimum FICO with a max LTV/CLTV/HCLTV of 90%. Your debt-to-income ratio (DTI) must be 50% or below. Valid for loan amounts between $45,000.00 and $500,000.00 (minimum loan amount for properties located in Michigan is $10,000.00). Product is a second standalone lien and may not be used for piggyback transactions. Product not available on Ameriprise products. Guidelines may vary for self-employed individuals. Some mortgages may be considered “higher priced” based on the APOR spread test. Higher priced loans are not allowed on properties located in New York. Additional restrictions apply. This is not a commitment to lend.

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See how much you can save each month by refinancing to a lower payment.

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Mortgage refinance rates frequently asked questions

Don't see your question here? We love helping people understand how rates work and what yours could be. Just talk to us.

Here are some of the most common reasons you might consider refinancing, which is replacing the mortgage you have with a new one.

  • Use your home’s equity to take cash out. Equity is the difference between what your home is worth, and what you still owe.
  • Change the length of your mortgage. If you want to be mortgage-free faster and pay less interest, you could change your 30-year loan term to a 15-year.
  • Consolidate debt. If you have a lot of high-interest credit card debt, you can use your home’s equity to pay it off.
  • Change your loan type, such as go from FHA to a conventional loan.

Whatever you goal, we can help you understand the costs of refinancing and whether it makes sense for you.

Refinancing the mortgage on your house means trading in your current mortgage for a new one. Usually refinancing changes your interest rate and your monthly payment. We use the new mortgage to pay off the old one.

Refinancing isn’t very different from getting a mortgage to buy a home. You’ll apply, provide documents, get an appraisal, and close on your loan. The fees and costs will be similar too. You may be able to close right from your own home.

Mortgage refinance rates are determined by multiple factors that fall into two categories.

  • Economic: Factors like the stock market, the Federal Reserve, inflation and the housing market all affect mortgage rates.
  • Personal: Your credit profile, how much debt you have compared to your income, and how much you’re borrowing are all examples of details that determine your mortgage rate.

To learn more, see How Are Mortgage Rates Determined? A Comprehensive Look At Mortgage Interest Rates.

Current refinance rates are calculated using a set of details called assumptions. They can include the following:

  • A loan amount
  • Points paid at closing to get a lower interest rate
  • A debt-to-income ratio
  • A credit score

The closer your details are to assumptions – you have the same credit score, the same DTI, the same loan amount -- the more likely it is you’ll get a similar rate. Just like rates, assumptions can change. And assumptions differ from lender to lender. So it’s a good idea to check assumptions when you’re comparing rates. To see ours, select the View Legal Disclosures link under where rate are displayed.

A mortgage rate lock keeps your interest rate from changing for a period of time. Rate locks usually last between 15 and 60 days.

Your first step is to apply online or talk to a Home Loan Expert and see what your personalized rate could be. After getting approved for a loan, we’ll help you lock your rate.

Mortgage rates can change daily, sometimes more than once a day. If you’re watching refi rates, it’s helpful to know 0.25% (a quarter of a percentage point), roughly equals a $30 change in the interest added to your mortgage payment.
Important legal disclosures

Refinancing may cause finance charges to be higher over the life of the loan.