Mortgage Refinance Rates: 30 Year Refinance Rates at 4.94%, 15 Year Refinance Rate at 4.35%

30 year mortgage refinance rates are higher this week but stayed under 5.00% for the second consecutive week. 30 year refinance rates are averaging 4.95%, up from last week's average refinance rate of 4.88%. 15 year mortgage refinance rates are also higher this week.  The average rate on a 15 year mortgage refinance loan is averaging 4.35%, up from last week’s average refinance rate of 4.30%.