Current Mortgage Refinance Rates September 2026 | As Low As 4.49%
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current mortgage refinance rates include USE Federal Credit Union2705 NW EXPRESSWAY, Dallas, OK, 73112 7047A+5.0 ★Texas Ratio: 1.14% (ARM (Adjustable Rate Mortgage) Cash-Out - 15 Year; 5/1) at 5.12%, Madison Credit Union949 E Washington Ave, Madison, WI, 53703A+5.0 ★Texas Ratio: 0.89% (First Mortgage Refinance - 15 Year Fixed Rate) at 5.49%, Sharon And Crescent United Credit Union100 Forbes Blvd, Brockton, MA, 02032 1018A+5.0 ★Texas Ratio: 1.57% (Refinance Your Mortgage - On The House - 5/5 ARM) at 5.50%, Tropical Financial Credit Union10510 N Kendall Dr, Coral Springs, FL, 33025A+5.0 ★Texas Ratio: 5.63% (Jumbo 5/6 ARM refi (variable rate)) at 5.62%, and TruStone Financial Credit Union1400 Riverwood Dr, Bloomington, MN, 53110 2611A+5.0 ★Texas Ratio: 4.88% (Mortgage Loans (Refinance) - 5/6 ARM Refinance) at 5.62%. Refinance rates as of September 15, 2026 according to verified data from MonitorBankRates.
We compared 7,245 mortgage and refinance rates from 1,146 banks and credit unions across all 50 states to help you find the best 30-year fixed, 15-year fixed, ARM, FHA, VA, jumbo and cash-out refinance rates.
27 lenders in our database publish products labeled for refinancing; those lead the Refinance Products tab below. Most banks and credit unions quote one rate for purchase and refinance loans, and at lenders that price the two separately, refinance rates currently run about 0.091 points above the purchase rate. Pick your state for local lenders listed first, a 90-day trend chart, HMDA data on what homeowners actually paid to refinance, and a break-even calculator. Every lender carries our A-F Safety Grade, Star Rating, and Texas Ratio so you can refinance with a stable institution.
Refinance rates reflect actual verified offers posted by lenders. Your final approved rate will depend on your credit profile, loan-to-value ratio, cash-out amount, and daily market movements. Last Updated and Verified: September 15, 2026
Compare Mortgage Refinance Rates Today
The Refinance Products tab lists products lenders label for refinancing. The remaining tabs show each lender’s posted rate by loan type, which most lenders apply to purchase and refinance loans alike. Use the state filter for a quick look, or open your state page for local lenders, trends, and the break-even calculator.
Lender-Labeled Refinance Rates
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As Low As
Loan Amount Example: $300,000.00; Monthly Payment Example: $2,596.53
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Loan Amount Example: $300,000.00; Monthly Payment Example: $2,551.87
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$1,500+; Max $1,500+ Closing Costs
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$1,500+
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Loan Amount Example: $300,000.00; Monthly Payment Example: $2,298.38
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As low as Rates
Loan Amount Example: $300,000.00; Monthly Payment Example: $2,258.85
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Loan Amount Example: $300,000.00; Monthly Payment Example: $1,979.85
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Loan Amount Example: $300,000.00; Monthly Payment Example: $1,945.79
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As low as Rates
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$1,000,000; As Low As
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$1,600,000.00+; As Low As
30 Year Fixed Refinance Rates
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Loan amount: $150,000; Down Payment: 5.00%; Credit Score: 740 or above. Private Mortgage Insurance is required for loans with less than 20% down payment. Actual payment obligation may be greater.
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Rates include all possible discounts. Contact us to determine which discounts apply to you.
Rates starting as low as 5.50% for a 30-year fixed
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Loan is for the purchase or limited-cash-out refinance of an owner-occupied, existing single-family residence, in California only, serving as a primary residence, with a loan-to-value ratio of less than 80%, and excellent credit. Payment includes principal and interest only. All loans subject to credit approval. Other restrictions may apply.
Rates starting at
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All quoted loan rates are APR rates (annual percentage rates)
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Owner Occupied 1st Deed of Trust (Single Family or Approved/Eligible Condo); Based on a $100,000 loan for the specified term; Income limitations apply; Maximum term: 30 years
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As low as
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Loan amounts of $500,000 to $1,000,000
Loan amount not to exceed $499,999
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Term: 30 Year Fixed (or 360 monthly payments); Up to 80% Loan to Value
As low as
As low as; Rate: 5.850%
5 YEAR RATE LOCK WITH NO POINTS
15 Year Fixed Refinance Rates
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All quoted loan rates are APR rates (annual percentage rates)
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Terms and Conditions
As Low As
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As Low As
As Low As; Max LTV: Up to 95%
As Low As; Max LTV: Up to 95%
Loan amount not to exceed $499,999
Term: 15 Year Fixed (or 180 monthly payments); Up to 80% Loan to Value
As low as
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Contact the credit union for details.
View rates page for full disclosure details.
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Origination Processing Fee: $695.00
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Add .25% for loans less than $100,000. Minimum loan amount is $100,000. Payments do not include property taxes or insurance. Your payment may be greater if the loan is secured by a first lien. Property insurance is required. Flood insurance may be required. All rates are subject to change without notice. Other restrictions may apply.
5/1 ARM Refinance Rates
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Initial APR*
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Purchase or Refinance
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with closing costs
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First Mortgage (up to 80% LTV); Rates as low as*
Junior Mortgage (up to 80% LTV); Rates as low as*
30-Year Jumbo Refinance Rates
As low as; Greater than $832,750
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As low as; Current Calculation of Rate Remaining Term: 6.625%
As Low As; Jumbo Fixed Rate
As Low As; More rate info
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Jumbo Loan Rate Assumptions, 30 Year: Loan Amount: $900,000 Closing Costs: $36,550 Property Value: $1,500,000 Existing Lien: 0 In the State of: New York Credit Score: 780 Not a Manufactured Home Single Family Residence, 1 Unit, Detached Primary Residence As an example, a 360 month term at a fixed rate of 6.000% at 60% LTV would be $5395.95. Taxes and insurance are not included; therefore the actual payment obligation will be greater. ARM =Adjustable Rate Mortgage.
Fixed Rate
For a $832,750.00 loan would result in a monthly payment of $5,966.08. Last updated 09/13/2026
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Advertised rate of Jumbo 3/1 ARM and Jumbo 30-year fixed rate are based on a $1,000,000 loan amount. Jumbo 30-Year Fixed Payment Example (based on $1,000,000 loan amount): $1,000,000 financed for 360 months at a fixed rate of 6.00% and 6.14% APR equals a monthly principal and interest payment of $5,995.51. Payment example does not include amounts for taxes and insurance premiums. If applicable, actual payment obligation will be greater.
$832,751-$2,000,000
As low as; Current Calculation of Rate Remaining Term: 6.625%
Loan Amount $832,751-$2,000,000
$832,751-$2,000,000
15-Year Jumbo Refinance Rates
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As low as; Greater than $832,750
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For a $832,750.00 loan would result in a monthly payment of $6,749.15. Last updated 09/13/2026
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As low as; Current Calculation of Rate Remaining Term: 6.625%
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As Low As; Jumbo Fixed Rate
As Low As; More rate info
As low as; Rate 1 15 Years
$832,750
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Minimum loan amount is $100,000. Payments do not include property taxes or insurance. Your payment may be greater if the loan is secured by a first lien. Property insurance is required. Flood insurance may be required. All rates are subject to change without notice. Other restrictions may apply.
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As Low As; Jumbo Fixed Rate
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Jumbo Loan Rate Assumptions, 30 Year: Loan Amount: $900,000 Closing Costs: $36,550 Property Value: $1,500,000 Existing Lien: 0 In the State of: New York Credit Score: 780 Not a Manufactured Home Single Family Residence, 1 Unit, Detached Primary Residence As an example, a 360 month term at a fixed rate of 6.000% at 60% LTV would be $5395.95. Taxes and insurance are not included; therefore the actual payment obligation will be greater. ARM =Adjustable Rate Mortgage.
Fixed Rate
As Low As; More rate info
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For a $832,750.00 loan would result in a monthly payment of $5,966.08. Last updated 09/13/2026
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Term: 15 Year Fixed Rate Jumbo
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Advertised rate of Jumbo 3/1 ARM and Jumbo 30-year fixed rate are based on a $1,000,000 loan amount. Jumbo 30-Year Fixed Payment Example (based on $1,000,000 loan amount): $1,000,000 financed for 360 months at a fixed rate of 6.00% and 6.14% APR equals a monthly principal and interest payment of $5,995.51. Payment example does not include amounts for taxes and insurance premiums. If applicable, actual payment obligation will be greater.
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$832,751-$2,000,000
As low as; Current Calculation of Rate Remaining Term: 6.625%
Loan Amount $832,751-$2,000,000
Origination Fee: 0%
$832,751-$2,000,000
As Low As; Jumbo Fixed-Rate Mortgages
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Term: 15 Year Fixed Rate Jumbo
5/1 Jumbo ARM Refinance Rates
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As Low As; Estimated Payment per $10,000: $56.78
As low as; Current Calculation of Rate Remaining Term: 6.625%
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As low as; Rate 1 15 Years
Margin: 2.500%; Caps: 2/2/6
Rates Subject to change at any time. Posted APRs and rates are SCUCU base rates. Rates are determined by loan amount, creditworthiness, loan-to value (LTV), loan term, occupancy status, property type, loan purpose, and lien position, so your rate could be higher. Advertised rates are based on a set of loan assumptions; 0 discounted points or fees, Purchase owner occupied primary properties, single family residence; warrantable condominiums; 2-4 unit properties; credit score 720 or higher; Loan-to-value 80% or below. Your actual rate, fees, payment, terms and costs could vary based on when your rate is locked, and according to the property and loan characteristics.
Rates Subject to change at any time. Posted APRs and rates are SCUCU base rates. Rates are determined by loan amount, creditworthiness, loan-to value (LTV), loan term, occupancy status, property type, loan purpose, and lien position, so your rate could be higher. Advertised rates are based on a set of loan assumptions; 0 discounted points or fees, Purchase owner occupied primary properties, single family residence; warrantable condominiums; 2-4 unit properties; credit score 720 or higher; Loan-to-value 80% or below. Your actual rate, fees, payment, terms and costs could vary based on when your rate is locked, and according to the property and loan characteristics.
Margin: 2.375%; Caps: 2/2/5
As low as; Current Calculation of Rate Remaining Term: 6.625%
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Amount: $832,751 to $2,500,000
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $850,000 and an estimated property value of $1,062,500. The property is an existing single-family home and will be used as a primary residence. The rate lock period is 60 days and the assumed credit score is 780.
Amount: $832,751 to $2,500,000
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Amount: $832,751 to $2,500,000
FHA Loan Refinance Rates
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Rates quoted are for loans Campus Federal typically sells to another investor and follow normal FHA guidelines. Rates disclosed are base rates only and can be impacted by a variety of loan characteristics, including occupancy, loan amount, loan to value, credit score, loan purpose, and number of units. RATES QUOTED ARE NOT LOCKED IN AND ARE SUBJECT TO CHANGE.
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Rates are subject to change without notice.
Fixed
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VA Loan Refinance Rates
Loan Amount Example: $300,000.00; Monthly Payment Example: $2,551.87
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3 year/1 year variable rate
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Rates unchanged since September 8, 2026.
No down payment required. $1,600 closing costs. Minimum credit score 620. Certificate of Eligibility required. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed.
Example Loan: $300,000; effective date: 9/11/2026
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Origination Fee: 0%
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VA Loan Program
Origination Fee: 0%
Monthly Principal Interest Payments: $918.66
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No down payment required. $1,600 closing costs. Minimum credit score 620. Certificate of Eligibility required. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed.
Term: Veterans Affairs (VA) Fixed-Rate Mortgage
Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
Mortgage Refinance Rate Trends
Daily averages of posted first-mortgage rates across our lender network, updated every evening. Most lenders apply the same rate to purchase and refinance loans, so this is the benchmark a refinance quote should be measured against, plus roughly 0.091 points at lenders that price refinances separately.
The national 30-year fixed average mortgage rate rose 0.127 points this week to 6.856%, according to MonitorBankRates trend data.
The national 15-year fixed average mortgage rate rose 0.112 points this week to 6.424%, according to MonitorBankRates trend data.
Mortgage Refinance Rate Forecast, Next 12 Months
Where are U.S. refinance rates headed through September 2027?
Based on Fed funds rate futures, 10-year Treasury yield path, and historical mortgage spread model. If the forecast shows rates falling, waiting may beat refinancing today; the break-even calculator below shows what each scenario is worth. Not financial advice.
What Forecast Rates Mean for Homeowners Refinancing
Monthly principal & interest on U.S. median home of $303,400 with 20% down, 30-year fixed (U.S. Census Bureau)
| Scenario | Rate | Mo. Payment | vs. Today | % of Income |
|---|---|---|---|---|
| Today (current avg) | 6.856% | $1,591 | — | 23.7% |
| 6-Month Forecast | 6.856% (6.51–7.16%) | $1,591 | +$0/mo | 23.7% |
| 12-Month Forecast | 7.106% (6.76–7.41%) | $1,632 | +$41/mo | 24.3% |
Income column = annual mortgage payment as % of U.S. median household income ($80,734). Above 30% is generally considered cost-burdened.
What Homeowners Actually Pay to Refinance
Posted refinance rates from our lender network alongside the rates borrowers closed at, from federal HMDA filings
Two different measures. The refinance premium is computed nightly from lenders that publish separate purchase and refinance pricing. HMDA figures are median note rates on loans that actually closed, by state.
Refinance Break-Even Calculator
Enter your current loan and the refinance rate you have been quoted. The calculator shows the new payment, monthly savings, and how many months it takes for those savings to pay back the closing costs. Click a current U.S. rate on the right to test it instantly.
Principal and interest only. Excludes escrow, mortgage insurance, and any prepayment penalty on the current loan. Lifetime interest compares the remaining interest on the current loan to total interest on the new loan. Estimates are for informational purposes only.
Run the Numbers on Your Refinance
The rate is only part of the decision. Use these calculators to turn current refinance rates into monthly savings, break-even months, and total interest before you talk to a lender.
Enter your current rate, remaining balance, and the rate you’ve been quoted to refinance. The calculator shows your new monthly payment, monthly savings, and the break-even point, the number of months it takes for your savings to cover closing costs.
CalculateEnter your loan amount, interest rate, and term length to see your estimated monthly principal and interest payment. Adjust any variable to model different scenarios: a larger down payment, a shorter term, or a rate a quarter-point lower than what you were quoted.
CalculateIf your goal is cash rather than a lower rate, compare current home equity loan and HELOC rates against a cash-out refinance. Keeping a low existing first mortgage and adding a second lien is often the cheaper path, especially for loans originated between 2020 and 2022.
CompareTell us your gross income, monthly debt obligations, and how much you have for a down payment. We’ll show you the home price range you’re likely to qualify for at current rates, so you can shop with a realistic number in mind rather than discovering your ceiling after you’ve fallen in love with a property.
CalculateTypes of Refinance Loans
Homeowners can choose from several refinance programs. The right one depends on what you are trying to do: lower the rate, shorten the term, pull cash out, or drop mortgage insurance. Pricing, appraisal requirements, and eligibility differ across each, and the cheapest program is not always the lowest posted rate once fees are counted.
Rate-and-Term Refinance
The standard refinance. You replace your existing mortgage with a new loan for about the same balance, changing only the rate, the term, or both. It is the lowest-priced refinance product at nearly every lender because the loan-to-value ratio does not rise.
Best for homeowners whose rate is at least half a point above today’s average and who plan to stay past the break-even point. Choosing a term that matches your remaining years, rather than resetting to 30, keeps the payoff date where it is.
Cash-Out Refinance
A cash-out refinance replaces your mortgage with a larger one and hands you the difference at closing. Conventional lenders cap the new loan at 80% of appraised value; VA cash-out loans go to 90%. Rates run above rate-and-term pricing.
If you hold a low rate from 2020 to 2022, a home equity loan or HELOC usually costs less than refinancing the whole balance at today’s rate to pull out cash.
FHA Streamline Refinance
For homeowners already in an FHA loan. No appraisal, no income verification, and limited credit review, as long as the new loan produces a net tangible benefit (generally a rate at least 0.5% lower, or a move from an ARM to a fixed rate). You need 210 days since the first payment and six on-time payments.
The upfront mortgage insurance premium is reduced to 0.01% and annual MIP continues, so FHA borrowers with 20% equity and good credit should also price a conventional rate-and-term refinance, which drops mortgage insurance entirely.
VA IRRRL (Streamline Refinance)
The Interest Rate Reduction Refinance Loan lets veterans refinance an existing VA loan with no appraisal, no income documentation, and a funding fee of just 0.5% (waived for borrowers with a service-connected disability). Closing costs can be rolled into the loan.
The new rate must be lower than the current one unless you are moving from an ARM to a fixed rate, and you must recoup closing costs within 36 months. VA lenders quote IRRRL pricing separately, so ask for it by name.
USDA Streamlined-Assist Refinance
For homeowners with an existing USDA Rural Development loan. No appraisal or credit review in most cases, and the new payment must be at least $50 a month lower than the current one. The property no longer has to meet the rural eligibility map.
Twelve months of on-time payments are required, and the 1% upfront guarantee fee plus the annual fee apply to the new loan.
Jumbo Refinance
The 2026 FHFA conforming baseline is $832,750 for most counties, higher in designated high-cost areas. A refinance above the county limit is a jumbo loan, priced and underwritten lender by lender.
Jumbo refinances usually require a 700 or higher credit score, reserves of six to twelve months of payments, and a loan-to-value of 80% or less. Because balances are large, even a quarter-point rate difference is worth thousands a year, so compare the 30-Year Jumbo and 15-Year Jumbo tabs above closely. If paying the balance down to the conforming limit at closing is possible, conforming refinance pricing is often noticeably better.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our refinance rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Refinance Rate Data: We aggregate mortgage and refinance rates directly from the official websites of lenders, banks, and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Where a lender publishes a product specifically for refinancing, it appears in the Refinance Products tab; where a lender publishes one rate sheet for purchase and refinance loans, that rate is shown as the refinance rate, which is how the lender itself quotes it.
Refinance Premium and HMDA Figures: The refinance premium is the average difference between a lender’s refinance-labeled product and the same lender’s standard product of the same term, computed nightly across lenders that publish both. It is shown for context and is never added to any rate in the tables. HMDA figures are median note rates on first-lien, owner-occupied, one-to-four-unit loans originated in the most recent reporting year, from the Consumer Financial Protection Bureau’s public Loan/Application Register.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home loan products across the country. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national online lenders.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update mortgage and refinance rates daily. Because mortgage rates and APRs can fluctuate rapidly based on bond markets and economic conditions, every loan product features its own specific “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data, including the Texas Ratio, ensuring you are comparing rates from secure, reliable lenders.
Frequently Asked Questions about Mortgage Refinance Rates
Are refinance rates higher than purchase mortgage rates?
When does refinancing make sense?
How soon can I refinance a mortgage?
What is a rate-and-term refinance?
What is a cash-out refinance?
Does refinancing reset my 30-year term?
What are typical refinance closing costs?
What is the difference between interest rate and APR on a refinance?
Should I lock my refinance rate?
How do I find the best refinance lender?
What are the best mortgage refinance rates today?
- USE Federal Credit Union: 5.12% (ARM (Adjustable Rate Mortgage) Cash-Out - 15 Year; 5/1)
- Madison Credit Union: 5.49% (First Mortgage Refinance - 15 Year Fixed Rate)
- Sharon And Crescent United Credit Union: 5.50% (Refinance Your Mortgage - On The House - 5/5 ARM)
- Tropical Financial Credit Union: 5.62% (Jumbo 5/6 ARM refi (variable rate))
- TruStone Financial Credit Union: 5.62% (Mortgage Loans (Refinance) - 5/6 ARM Refinance)
Mortgage Refinance Rates by State
