Today's mortgage refinance rates ease | February 19, 2021

• 30-year fixed-rate refinance: 3.000%, Unchanging
• 20-year fixed-rate refinance: 2.875%, Unchanging
• 15-year fixed-rate refinance: 2.250%, Unchanging

Rates last updated on February 19, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

Current 30-year fixed-rate refinance

The current rate for a 30-year fixed-rate refinance is 3.000%. This is the same as yesterday.

Current 20-year fixed-rate refinance

The current rate for a 20-year fixed-rate refinance is 2.875%. This is the same as yesterday.

Current 15-year fixed-rate refinance

The current rate for a 15-year fixed-rate refinance is 2.250%. This is the same as yesterday.

Rates last updated on February 19, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

How mortgage refinance rates have changed

Today, mortgage refinance rates have risen compared to this time last week.

• 30-year fixed refinance: 3.000%, up from 2.750% last week, +0.250
• 20-year fixed refinance: 2.875%, up from 2.750% last week, +0.125
• 15-year fixed refinance: 2.250%, up from 2.125% last week, +0.125

Rates last updated on February 19, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

The factors behind today’s refinance rates

Current refinance rates, like mortgage interest rates in general, are affected by many economic factors, like unemployment numbers and inflation. But your personal financial history will also determine the rates you’re offered when refinancing your mortgage.

Larger economic factors

• Strength of the economy
• Inflation rates
• Employment
• Consumer spending
• Housing construction and other market conditions
• Stock and bond markets
• 10-year Treasury yields
• Federal Reserve policies

Personal economic factors

• Credit score
• Credit history
• Down payment size
• Loan-to-value ratio
• Loan type, size, and term
• Debt-to-income ratio
• Location of the property

How to get your lowest mortgage refinance rate

If you’re interested in refinancing your mortgage, improving your credit score and paying down any other debt could secure you a lower rate. It’s also a good idea to compare rates from different lenders if you're hoping to refinance, so you can find the best rate for your situation.

Mortgage rates by loan type

Be sure to check out these loan rates, which you’ll be able to compare by annual percentage rate (APR) as well as interest rate:

• 30 Year Fixed Refinance Rates
• 20 Year Fixed Refinance Rates
• 15 Year Fixed Refinance Rates
• 10 Year Fixed Refinance Rates
• 30 Year Fixed Mortgage Rates
• 20 Year Fixed Mortgage Rates
• 15 Year Fixed Mortgage Rates
• 10 Year Fixed Mortgage Rates

More resources on mortgage refinance

Want to learn more about refinancing your home loan? Take a look at the following articles:

• When to Refinance a Mortgage: Is Now a Good Time?
• Complete Checklist of Mortgage Refinancing Requirements
• How Long It Takes to Refinance a Home