Boones Mill, Virginia Refinance Rates Today for October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current refinance rates for Boones Mill, Virginia borrowers from lenders serving Virginia today start at 6.50% for a 30 year fixed and 6.25% for a 15 year fixed, compared with Virginia averages of 7.329% and 6.824%. Boones Mill, Virginia mortgage refinance rates from lenders serving Virginia range from 4.54% to 8.25%, verified by MonitorBankRates as of October 31, 2026. Current mortgage refinance rates for Boones Mill, Virginia borrowers from lenders serving Virginia include Beacon Credit Union IncorporatedBeacon Credit Union IncorporatedA+5.0 ★Texas Ratio: 1.80%Rate verified Oct 30, 2026 at 7.125%, HSBC Bank USAHSBC Bank USAA+5.0 ★Texas Ratio: 4.86%Rate verified Oct 31, 2026 at 7.625%, Commonwealth One Federal Credit UnionCommonwealth One Federal Credit UnionA5.0 ★Texas Ratio: 10.04%Rate verified Oct 28, 2026 at 6.625%, State Department Federal Credit UnionState Department Federal Credit UnionA+5.0 ★Texas Ratio: 4.05%Rate verified Oct 28, 2026 at 6.875%, and Virginia Credit UnionVirginia Credit UnionA5.0 ★Texas Ratio: 6.40%Rate verified Oct 29, 2026 at 6.625%. Refinance rates as of October 31, 2026 according to verified data from MonitorBankRates.
Boones Mill homeowners can compare 162 refinance rates from 28 lenders serving the Virginia area, with refinance rates as low as 6.50% from M&T Bank. Lenders below quote one rate for purchase and refinance loans. Use the tabs below to compare available loan types, then run the break-even calculator. Rates are continually updated, so we recommend checking back frequently.
Refinance rates reflect actual verified offers from lenders actively lending to Virginia homeowners. 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: October 31, 2026
Compare Refinance Rates Today in Boones Mill, Virginia & the Surrounding Area
Rates shown are each lender’s posted rate for that loan type, which most lenders apply to purchase and refinance loans alike. Local Boones Mill, VA lenders are listed first in every tab. Among lenders that post both, refinance pricing currently runs about 0.189 points above the same lender’s purchase rate nationally. That premium is shown for context only; every rate in the table is the lender’s posted rate.
Boones Mill 30 Year Fixed Refinance Rates
Rates Effective Date: 09/21/2026; Rates based on loan amount $200,000.00; Minimum 5% down payment (3% for first-time home buyers)
Rates Effective Date: 09/21/2026; Rates based on loan amount $200,000.00; Minimum 5% down payment (3% for first-time home buyers)
Rates shown for New York counties only (Bronx, Kings, New York, Orange, Queens, Richmond, Rockland, Westchester, Nassau, Suffolk, Erie); based on 80% LTV and 740 credit score
- Oct 31, 20267.73%▼ from 7.87%
- Oct 26, 20267.87%▲ from 7.86%
- Oct 20, 20267.86%▼ from 7.90%
- Oct 14, 20267.90%first recorded
Par rate (no discount points)
- Oct 28, 20266.72%▼ from 6.85%
- Oct 23, 20266.85%▼ from 6.98%
- Oct 15, 20266.98%first recorded
Conforming Fixed
- Oct 28, 20266.90%▲ from 6.88%
- Oct 23, 20266.88%▼ from 7.01%
- Sep 25, 20267.01%first recorded
No additional details available.
Mortgage; rates based on 780 FICO, purchase or no cash-out refinance; APR assumes $400,000 loan, 20% down
- Oct 31, 20266.95%▼ from 7.20%
- Oct 20, 20267.20%▼ from 7.33%
- Oct 7, 20267.33%▲ from 6.70%
- Sep 7, 20266.70%first recorded
Jumbo table (data-ratetype); purchase of existing single family primary residence; loan amount $1,000,000; estimated property value $1,250,000; property in NY, Erie county; escrow required; 60-day rate lock; assumed credit score 740
Conforming Fixed
- Oct 28, 20267.00%▲ from 6.88%
- Oct 23, 20266.88%▼ from 7.01%
- Sep 25, 20267.01%first recorded
As Low As; Rates may include points.
- Oct 26, 20267.00%▼ from 7.13%
- Oct 14, 20267.13%▼ from 7.25%
- Oct 1, 20267.25%▲ from 7.13%
- Sep 27, 20267.13%▲ from 7.00%
As Low As; Assumes purchase, $225,000 loan, $375,000 property value, Erie county NY, primary residence, escrow required, 60-day rate lock, 740 credit score
- Oct 31, 20267.00%▼ from 7.32%
- Oct 26, 20267.32%first recorded
As Low As; Purchase loan of $225,000 on $375,000 property value; NY, Erie county; existing single family primary residence; escrow required; 60-day rate lock; 740 credit score assumed
- Oct 31, 20267.00%▼ from 7.32%
- Oct 26, 20267.32%first recorded
Conforming Fixed
- Oct 28, 20267.01%▲ from 7.00%
- Oct 23, 20267.00%▼ from 7.40%
- Sep 25, 20267.40%first recorded
Rate (as low as); Medical professionals; credit score 670 or better; Up to 100% LTV for purchases; Loan amount $100,000 - $1,500,000
As Low As; Purchase loan, $225,000 loan amount, $375,000 property value, NY (Erie county), existing single family primary residence, escrow required, 60-day rate lock, 740 credit score assumed; advertised APR assumes approximately 2.000 points
- Oct 31, 20267.09%▼ from 7.22%
- Oct 22, 20267.22%first recorded
As Low As; Mortgage rates shown are subject to change
- Oct 26, 20267.13%▲ from 6.38%
- Sep 18, 20266.38%first recorded
Conforming Fixed
- Oct 28, 20267.13%▲ from 7.00%
- Oct 23, 20267.00%▼ from 7.40%
- Sep 25, 20267.40%first recorded
As Low As; Payment: 6,653.02 (payment column not a rate)
- Oct 30, 20267.14%▼ from 7.33%
- Sep 27, 20267.33%first recorded
Purchase transaction with 20% down payment; APR based on $100,000 loan amount for 80% LTV purchase
- Oct 19, 20267.15%▼ from 7.28%
- Oct 1, 20267.28%▲ from 7.02%
- Sep 27, 20267.02%first recorded
No additional details available.
As Low As; Payment: 1,596.73
- Oct 30, 20267.19%▼ from 7.32%
- Oct 19, 20267.32%▲ from 7.07%
- Sep 18, 20267.07%first recorded
Par rate (no discount points)
- Oct 28, 20267.21%▼ from 7.34%
- Oct 23, 20267.34%▼ from 7.46%
- Oct 15, 20267.46%▲ from 6.95%
- Sep 14, 20266.95%first recorded
Payment: $2,349; Rates effective as of 10/28/2026, 11:07:31 AM (ET); based on a 45 day lock
- Oct 28, 20267.21%▼ from 7.34%
- Oct 23, 20267.34%first recorded
Rates effective as of 10/28/2026; based on a 45 day lock
- Oct 28, 20267.21%▼ from 7.46%
- Oct 2, 20267.46%▲ from 7.21%
- Sep 25, 20267.21%▲ from 7.08%
- Sep 16, 20267.08%first recorded
up to $832,750; Rate Effective Date: October 29, 2026; Link: Get Started
No additional details available.
Section: FHA Fixed Rate Mortgage
Rates Effective Date: 09/21/2026; Rates based on loan amount $200,000.00; Minimum 5% down payment (3% for first-time home buyers)
No additional details available.
Rates effective as of 10/28/2026; based on a 45 day lock
Payment: $2,047; Rates effective as of 10/28/2026, 11:07:31 AM (ET); based on a 45 day lock
- Oct 28, 20267.35%▼ from 7.48%
- Oct 23, 20267.48%▼ from 7.60%
- Oct 2, 20267.60%▲ from 7.35%
- Sep 25, 20267.35%▲ from 7.23%
Rates as of October 29, 2026; Rates apply to loans up to the current FHFA conforming loan limit
- Oct 28, 20267.37%▲ from 7.23%
- Oct 12, 20267.23%first recorded
Primary residences in North or South Carolina; APR includes 1% origination fee
- Oct 13, 20267.39%▲ from 6.58%
- Sep 14, 20266.58%first recorded
Refinance; Conforming fixed rate mortgage; based on $300,000 loan amount; rate includes 0.125% autopay and paperless discount
- Oct 31, 20267.45%▼ from 7.83%
- Oct 7, 20267.83%first recorded
Par rate (no discount points)
- Oct 26, 20267.46%▼ from 7.85%
- Oct 14, 20267.85%▲ from 7.34%
- Sep 22, 20267.34%▲ from 6.95%
- Sep 14, 20266.95%first recorded
Conforming mortgage; based on single-family primary residence purchase, 80% LTV, credit score 740, 15 days prepaid interest, 60-day rate lock; APR assumes $400,000 loan, 20% down, closing costs $2416.75 plus -0.04 points; rates shown for New York counties only (Bronx, Kings, New York, Orange, Queens, Richmond, Rockland, Westchester, Nassau, Suffolk, Erie)
- Oct 31, 20267.46%▼ from 7.59%
- Oct 26, 20267.59%first recorded
No additional details available.
Effective Date: October 29, 2026
- Oct 26, 20267.51%▼ from 7.54%
- Oct 19, 20267.54%▼ from 7.64%
- Oct 13, 20267.64%▼ from 7.75%
- Oct 9, 20267.75%▼ from 8.00%
Section: FHA Fixed Rate Mortgage
Jumbo mortgage; based on purchase of single-family primary residence, 65% LTV, 740 credit score, 60-day rate lock; rates shown for New York only
- Oct 31, 20267.65%▼ from 7.72%
- Oct 26, 20267.72%▼ from 7.82%
- Oct 20, 20267.82%▼ from 7.94%
- Oct 14, 20267.94%▼ from 7.96%
Today's par rate (no discount points); based on stated assumptions
- Oct 26, 20267.66%▼ from 7.79%
- Oct 19, 20267.79%▼ from 8.04%
- Oct 1, 20268.04%▲ from 7.41%
- Sep 18, 20267.41%▲ from 7.28%
Par rate (no discount points)
- Oct 28, 20267.67%▼ from 7.80%
- Oct 23, 20267.80%▼ from 8.18%
- Oct 15, 20268.18%▲ from 7.42%
- Sep 14, 20267.42%first recorded
Payment: $2,412; Rates effective as of 10/28/2026, 11:07:31 AM (ET); based on a 45 day lock
- Oct 28, 20267.67%▼ from 7.80%
- Oct 23, 20267.80%▼ from 8.18%
- Oct 15, 20268.18%▲ from 7.80%
- Oct 4, 20267.80%▼ from 8.18%
Rates effective as of 10/28/2026; based on a 45 day lock
No additional details available.
Par rate (no discount points)
- Oct 23, 20267.72%▼ from 8.10%
- Oct 15, 20268.10%▲ from 7.34%
- Sep 14, 20267.34%first recorded
Standard rate; Available on new conventional mortgages; Loan amount $250,000, LTV 80%, credit score 740, purchase of primary residence
- Oct 31, 20267.84%▲ from 6.84%
- Oct 26, 20266.84%▼ from 7.78%
- Oct 14, 20267.78%▼ from 7.84%
- Oct 7, 20267.84%▲ from 7.78%
Par rate (no discount points)
- Oct 26, 20267.93%▼ from 8.31%
- Oct 14, 20268.31%▲ from 7.80%
- Sep 22, 20267.80%▲ from 7.42%
- Sep 14, 20267.42%first recorded
Rates are based on a purchase transaction with a 0% down payment. APR is based on $100,000 loan amount for a 105% LTV purchase and reflects any pre-paid finance charge.
- Oct 19, 20268.31%▼ from 8.44%
- Oct 1, 20268.44%▲ from 8.18%
- Sep 27, 20268.18%▲ from 8.06%
- Sep 14, 20268.06%first recorded
Rates apply to primary residence purchases and refinances only; higher rates may apply to cash-out refinances and LTV over 80%
Boones Mill 15 Year Fixed Refinance Rates
Rates Effective Date: 09/21/2026; Rates based on loan amount $200,000.00; Minimum 5% down payment (3% for first-time home buyers)
Rates shown for New York counties only (Bronx, Kings, New York, Orange, Queens, Richmond, Rockland, Westchester, Nassau, Suffolk, Erie); based on 80% LTV and 740 credit score
- Oct 31, 20267.00%▼ from 7.12%
- Oct 26, 20267.12%▼ from 7.25%
- Oct 20, 20267.25%▼ from 7.50%
- Oct 14, 20267.50%first recorded
Rates Effective Date: 09/21/2026; Rates based on loan amount $200,000.00; Minimum 5% down payment (3% for first-time home buyers)
Conforming Fixed
- Oct 28, 20266.31%▲ from 6.29%
- Oct 23, 20266.29%▼ from 6.42%
- Sep 25, 20266.42%first recorded
Conforming Fixed
- Oct 23, 20266.38%▼ from 6.42%
- Sep 25, 20266.42%first recorded
As Low As; Both traditional and short-term options available. Rates may include points.
- Oct 19, 20266.38%▼ from 6.50%
- Sep 27, 20266.50%▲ from 6.25%
- Sep 18, 20266.25%▲ from 6.13%
- Sep 14, 20266.13%first recorded
Conforming Fixed
- Oct 28, 20266.42%▲ from 6.40%
- Oct 23, 20266.40%▼ from 6.54%
- Sep 25, 20266.54%first recorded
Mortgage; rates based on 780 FICO, purchase or no cash-out refinance; APR assumes $400,000 loan, 20% down
- Oct 31, 20266.42%▼ from 6.53%
- Oct 20, 20266.53%▼ from 6.67%
- Oct 7, 20266.67%▲ from 5.92%
- Sep 7, 20265.92%first recorded
Conforming Fixed
- Oct 23, 20266.50%▼ from 6.54%
- Sep 25, 20266.54%first recorded
Par rate (no discount points)
- Oct 28, 20266.54%▼ from 6.66%
- Oct 23, 20266.66%▼ from 6.79%
- Oct 15, 20266.79%first recorded
As Low As; Payment: 2,074.20
- Oct 30, 20266.66%▲ from 6.53%
- Sep 18, 20266.53%▲ from 6.28%
- Sep 14, 20266.28%first recorded
Purchase transaction with 20% down payment; APR based on $100,000 loan amount for 80% LTV purchase
- Oct 19, 20266.69%▼ from 6.81%
- Oct 1, 20266.81%▲ from 6.56%
- Sep 27, 20266.56%first recorded
No additional details available.
As Low As; APR for 15-Year Fixed; Rates as of 10/01/2026
Conforming mortgage; based on single-family primary residence purchase, 80% LTV, credit score 740, 15 days prepaid interest, 60-day rate lock; APR assumes $400,000 loan, 20% down, closing costs $2416.75 plus -0.04 points; rates shown for New York counties only (Bronx, Kings, New York, Orange, Queens, Richmond, Rockland, Westchester, Nassau, Suffolk, Erie)
- Oct 31, 20266.76%▼ from 6.89%
- Oct 26, 20266.89%first recorded
Rates Effective Date: 09/21/2026; Rates based on loan amount $200,000.00; Minimum 5% down payment (3% for first-time home buyers)
No additional details available.
No additional details available.
As Low As; Purchase loan, $225,000 loan amount, $375,000 property value, NY (Erie county), existing single family primary residence, escrow required, 60-day rate lock, 740 credit score assumed; advertised APR assumes approximately 2.000 points
- Oct 31, 20266.87%▼ from 7.08%
- Oct 22, 20267.08%first recorded
Refinance; Conforming fixed rate mortgage; based on $300,000 loan amount; rate includes 0.125% autopay and paperless discount
up to $832,750; Rate Effective Date: October 29, 2026; Link: Get Started
Primary residences in North or South Carolina; APR includes 1% origination fee
- Oct 13, 20266.97%▲ from 6.20%
- Sep 14, 20266.20%first recorded
Jumbo table (data-ratetype); purchase of existing single family primary residence; loan amount $1,000,000; estimated property value $1,250,000; property in NY, Erie county; escrow required; 60-day rate lock; assumed credit score 740
No additional details available.
Rates effective as of 10/28/2026; based on a 45 day lock
As Low As; Assumes purchase, $225,000 loan, $375,000 property value, Erie county NY, primary residence, escrow required, 60-day rate lock, 740 credit score
- Oct 31, 20267.10%▼ from 7.23%
- Oct 26, 20267.23%first recorded
As Low As; Purchase loan of $225,000 on $375,000 property value; NY, Erie county; existing single family primary residence; escrow required; 60-day rate lock; 740 credit score assumed
- Oct 31, 20267.10%▼ from 7.23%
- Oct 26, 20267.23%first recorded
Effective Date: October 29, 2026
- Oct 30, 20267.19%▼ from 7.32%
- Oct 26, 20267.32%▼ from 7.34%
- Oct 19, 20267.34%▼ from 7.46%
- Oct 13, 20267.46%▼ from 7.57%
Rates apply to primary residence purchases and refinances only; higher rates may apply to cash-out refinances and LTV over 80%
Boones Mill 5/1 ARM Refinance Rates
Adjustable Rate Mortgage; Index: 1-Yr Current Weekly Average CMT T-Bill; Rates base on loan amount $200,000.00; Minimum 5% down payment (3% for first-time home buyers)
- Oct 30, 20266.65%▲ from 6.52%
- Oct 21, 20266.52%first recorded
As Low As; Enjoy a low initial rate that adjusts with the market. Various terms and options available. Rates may include points.
- Oct 26, 20265.88%▼ from 6.00%
- Oct 14, 20266.00%▼ from 6.13%
- Oct 1, 20266.13%▲ from 5.63%
- Sep 18, 20265.63%▲ from 5.50%
Purchase transaction with 20% down payment; APR based on $100,000 loan amount for 80% LTV purchase
As Low As; 5/5 ARM with rate fixed for first 5 years, adjusts once every 5 years after; up to 95% financing on homes up to $1 million; no PMI required
- Oct 23, 20266.18%▼ from 6.56%
- Oct 2, 20266.56%▲ from 6.31%
- Sep 25, 20266.31%▲ from 6.06%
- Sep 17, 20266.06%▲ from 5.93%
As Low As; Fixed for first 5 years, then adjusts every 5 years; 30-year loan term; Interest Rate as low as 6.000%, APR as low as 6.182%
- Oct 23, 20266.18%▼ from 6.56%
- Oct 2, 20266.56%▲ from 6.31%
- Sep 25, 20266.31%▲ from 6.06%
- Sep 17, 20266.06%▲ from 5.93%
Adjustable Rate Mortgage
- Oct 29, 20266.20%▼ from 6.25%
- Oct 13, 20266.25%▼ from 7.03%
- Oct 2, 20267.03%first recorded
Effective 10-30-2026
- Oct 31, 20266.35%▲ from 6.23%
- Oct 26, 20266.23%▼ from 6.35%
- Oct 20, 20266.35%first recorded
Payment: $1,775; Rates effective as of 10/28/2026, 11:07:31 AM (ET); based on a 45 day lock
- Oct 28, 20266.52%▼ from 6.57%
- Oct 23, 20266.57%▼ from 6.67%
- Oct 15, 20266.67%▲ from 6.62%
- Oct 4, 20266.62%▼ from 6.67%
Rate (as low as); Fixed 6.125% / 6.565% APR for the first five years, then adjusts; Medical professionals; credit score 670 or better; Up to 100% LTV for purchases; Loan amount $100,000 - $1,500,000
Adjustable Rate Mortgage; Index: 1-Yr Current Weekly Average CMT T-Bill; Rates base on loan amount $200,000.00; Minimum 5% down payment (3% for first-time home buyers)
- Oct 30, 20266.65%▲ from 6.52%
- Oct 21, 20266.52%first recorded
Rates as of October 29, 2026; Rates apply to loans up to the current FHFA conforming loan limit
- Oct 15, 20266.65%▲ from 6.06%
- Oct 2, 20266.06%▲ from 5.81%
- Sep 14, 20265.81%first recorded
No additional details available.
- Oct 28, 20266.66%▼ from 6.72%
- Oct 23, 20266.72%▼ from 6.82%
- Oct 12, 20266.82%▼ from 6.87%
- Oct 8, 20266.87%▲ from 6.77%
No additional details available.
- Oct 28, 20266.68%▼ from 6.72%
- Oct 23, 20266.72%▼ from 6.82%
- Oct 12, 20266.82%▼ from 6.87%
- Oct 8, 20266.87%▲ from 6.77%
Jumbo mortgage; based on purchase of single-family primary residence, 65% LTV, 740 credit score, 60-day rate lock; rates shown for New York only
- Oct 31, 20266.69%▼ from 6.79%
- Oct 20, 20266.79%▼ from 6.83%
- Oct 14, 20266.83%▲ from 6.76%
- Oct 7, 20266.76%▲ from 6.75%
No additional details available.
- Oct 28, 20266.70%▲ from 6.69%
- Oct 23, 20266.69%▼ from 6.93%
- Oct 12, 20266.93%▼ from 7.03%
- Oct 8, 20267.03%▲ from 6.79%
As Low As; 5/6 ARM is a variable rate loan; APR assumes 20% down, 30 day rate lock, $200,000.00 loan amount
As Low As; Fixed rate 6.625%/6.741% APR for the first five years, then adjusts up or down every five years; Up to 100% LTV for purchases; Minimum loan $50,000, maximum loan $832,750; First-time homebuyers only; credit score 640 or better; Automatic payment set-up required; first-time homebuyer course required
- Oct 28, 20266.74%▲ from 6.36%
- Oct 12, 20266.36%first recorded
No additional details available.
- Oct 28, 20266.79%▲ from 6.69%
- Oct 23, 20266.69%▼ from 6.93%
- Oct 12, 20266.93%▼ from 7.03%
- Oct 8, 20267.03%▲ from 6.79%
No Mortgage Insurance Required; Up to 95% LTV
- Oct 26, 20266.79%▲ from 6.30%
- Oct 14, 20266.30%first recorded
As Low As; Rate 6.500%, APR 6.793%; mortgage rates subject to change
up to $832,750; Rate Effective Date: October 29, 2026; Link: Get Started
As Low As; w/ 1.000 Points; Payment: 1,419.69
- Oct 30, 20266.94%▼ from 6.98%
- Oct 19, 20266.98%first recorded
Rates effective as of 10/28/2026; based on a 45 day lock
- Oct 28, 20266.99%▼ from 7.17%
- Oct 8, 20267.17%▲ from 7.05%
- Oct 2, 20267.05%▲ from 6.99%
- Sep 25, 20266.99%▲ from 6.88%
Par rate (no discount points)
- Oct 28, 20267.31%▼ from 7.43%
- Oct 23, 20267.43%▼ from 7.48%
- Oct 15, 20267.48%▲ from 6.99%
- Sep 14, 20266.99%first recorded
Boones Mill 30-Year Jumbo Refinance Rates
Rates as of Oct 30, 2026 ET; Interest Rates As Low As; APR As Low As
- Oct 31, 20266.71%▼ from 6.83%
- Oct 20, 20266.83%▼ from 6.87%
- Oct 6, 20266.87%▲ from 6.77%
- Sep 30, 20266.77%first recorded
No additional details available.
- Oct 29, 20266.79%▲ from 6.75%
- Oct 19, 20266.75%▼ from 6.92%
- Oct 2, 20266.92%▲ from 6.82%
- Sep 30, 20266.82%first recorded
Home Loans Over $832,750; Rate Effective Date: October 29, 2026
- Oct 23, 20266.80%▼ from 6.86%
- Oct 15, 20266.86%▲ from 6.80%
- Oct 13, 20266.80%▼ from 6.87%
- Oct 9, 20266.87%▲ from 6.80%
No additional details available.
No additional details available.
- Oct 29, 20266.86%▲ from 6.80%
- Oct 19, 20266.80%▼ from 6.93%
- Oct 2, 20266.93%▲ from 6.80%
- Sep 30, 20266.80%first recorded
No additional details available.
- Oct 29, 20266.86%▲ from 6.82%
- Oct 19, 20266.82%▼ from 6.99%
- Oct 2, 20266.99%first recorded
No additional details available.
- Oct 2, 20266.88%▲ from 6.63%
- Sep 30, 20266.63%first recorded
No additional details available.
No additional details available.
No additional details available.
- Oct 29, 20266.89%▲ from 6.83%
- Oct 19, 20266.83%▼ from 6.96%
- Oct 2, 20266.96%▲ from 6.83%
- Sep 30, 20266.83%first recorded
No additional details available.
No additional details available.
- Oct 29, 20266.95%▲ from 6.88%
- Oct 19, 20266.88%▼ from 6.98%
- Oct 2, 20266.98%▲ from 6.88%
- Sep 30, 20266.88%first recorded
No additional details available.
- Oct 29, 20266.96%▲ from 6.88%
- Oct 19, 20266.88%▼ from 6.98%
- Oct 2, 20266.98%▲ from 6.88%
- Sep 30, 20266.88%first recorded
No additional details available.
No additional details available.
No additional details available.
- Oct 2, 20267.02%▲ from 6.77%
- Sep 30, 20266.77%first recorded
Jumbo Fixed; As of Oct 28, 2026, 10:13 PM; Based on 60% LTV and 780+ credit; 1st Lien Purchase and Rate/Term Refinance
- Oct 28, 20267.04%▲ from 7.01%
- Oct 23, 20267.01%▼ from 7.53%
- Oct 12, 20267.53%▼ from 8.05%
- Oct 8, 20268.05%▲ from 7.63%
Jumbo Fixed; As of Oct 28, 2026, 10:13 PM; Based on 60% LTV and 780+ credit; 1st Lien Purchase and Rate/Term Refinance
- Oct 23, 20267.13%▼ from 7.53%
- Oct 12, 20267.53%▼ from 8.05%
- Oct 8, 20268.05%▲ from 7.63%
- Oct 4, 20267.63%▼ from 8.03%
Home Loans Over $832,750; Rate Effective Date: October 29, 2026
- Oct 23, 20267.18%▼ from 7.30%
- Oct 13, 20267.30%▼ from 7.43%
- Oct 9, 20267.43%▲ from 7.30%
- Oct 5, 20267.30%▼ from 7.43%
Jumbo; Interest Rate then APR
- Oct 19, 20267.60%▼ from 7.63%
- Oct 13, 20267.63%first recorded
Interest Rates As Low As; Exclusive mortgage benefit for Servicemembers, Reservists and Veterans who have already exhausted their VA loan benefit; no down payment required; 720 FICO, down payment of 0%; rates as of Oct 30, 2026 ET
- Oct 31, 20268.10%▼ from 8.22%
- Oct 26, 20268.22%▼ from 8.35%
- Oct 20, 20268.35%first recorded
As Low As; Rates as of Oct 30, 2026 ET; Advertised rate assumes single-family primary residence, 720 FICO, 0% down
- Oct 31, 20268.22%▼ from 8.35%
- Oct 26, 20268.35%▼ from 8.48%
- Oct 20, 20268.48%▼ from 8.61%
- Oct 1, 20268.61%first recorded
Boones Mill 15-Year Jumbo Refinance Rates
No additional details available.
- Oct 2, 20266.62%▲ from 6.37%
- Sep 30, 20266.37%first recorded
Jumbo Fixed; As of Oct 28, 2026, 10:13 PM; Based on 60% LTV and 780+ credit; 1st Lien Purchase and Rate/Term Refinance
- Oct 28, 20266.65%▲ from 6.63%
- Oct 23, 20266.63%▼ from 6.92%
- Oct 12, 20266.92%▼ from 6.96%
- Oct 8, 20266.96%▲ from 6.75%
Jumbo Fixed; As of Oct 28, 2026, 10:13 PM; Based on 60% LTV and 780+ credit; 1st Lien Purchase and Rate/Term Refinance
- Oct 28, 20266.75%▲ from 6.63%
- Oct 23, 20266.63%▼ from 6.92%
- Oct 12, 20266.92%▼ from 6.96%
- Oct 8, 20266.96%▲ from 6.75%
No additional details available.
- Oct 2, 20266.82%▲ from 6.57%
- Sep 30, 20266.57%first recorded
As Low As; Assumes single-family primary residence, 720 FICO, 20% down; Minimum 5% down required; Rates as of Oct 30, 2026 ET
- Oct 26, 20266.85%▼ from 6.97%
- Oct 20, 20266.97%first recorded
Jumbo; Interest Rate then APR
- Oct 29, 20266.94%▼ from 7.23%
- Oct 26, 20267.23%▲ from 7.20%
- Oct 19, 20267.20%▼ from 7.23%
- Oct 13, 20267.23%first recorded
Home Loans Over $832,750; Rate Effective Date: October 29, 2026
- Oct 23, 20267.21%▼ from 7.34%
- Oct 5, 20267.34%▼ from 7.46%
- Sep 29, 20267.46%▲ from 7.34%
- Sep 25, 20267.34%▲ from 6.96%
Boones Mill 5/1 Jumbo ARM Refinance Rates
Rates as of Oct 30, 2026 ET; Interest Rates As Low As; APR As Low As
- Oct 31, 20266.65%▼ from 6.78%
- Oct 20, 20266.78%▼ from 6.83%
- Oct 6, 20266.83%▲ from 6.75%
- Sep 30, 20266.75%first recorded
Home Loans Over $832,750; Rate Effective Date: October 29, 2026
- Oct 23, 20266.78%▼ from 6.83%
- Oct 15, 20266.83%▲ from 6.75%
- Oct 13, 20266.75%▼ from 6.80%
- Oct 9, 20266.80%▲ from 6.75%
No additional details available.
- Oct 28, 20266.79%▼ from 6.82%
- Oct 23, 20266.82%▼ from 6.96%
- Oct 12, 20266.96%▼ from 6.99%
- Oct 8, 20266.99%▲ from 6.83%
No additional details available.
- Oct 28, 20266.83%▲ from 6.82%
- Oct 23, 20266.82%▼ from 6.96%
- Oct 12, 20266.96%▼ from 6.99%
- Oct 8, 20266.99%▲ from 6.83%
Par rate (no discount points)
- Oct 28, 20267.29%▼ from 7.41%
- Oct 23, 20267.41%▼ from 7.46%
- Oct 15, 20267.46%▲ from 6.97%
- Sep 14, 20266.97%first recorded
Boones Mill FHA Loan Rates
Fixed Rate Mortgage; Origination Fee: $1595; FHA Loan: 96.5% LTV; 80% LTV Cash-out Refinance
As Low As; Assumes purchase, $225,000 loan, $375,000 property value, Erie county NY, primary residence, escrow required, 60-day rate lock, 740 credit score
- Oct 31, 20267.00%▼ from 7.32%
- Oct 26, 20267.32%first recorded
As Low As; Assumes purchase, $225,000 loan, $375,000 property value, Erie county NY, primary residence, escrow required, 60-day rate lock, 740 credit score
- Oct 31, 20267.10%▼ from 7.23%
- Oct 26, 20267.23%first recorded
Effective Date: October 29, 2026
- Oct 30, 20267.57%▼ from 7.58%
- Oct 26, 20267.58%▼ from 7.60%
- Oct 19, 20267.60%first recorded
Par rate (no discount points)
- Oct 28, 20267.67%▼ from 7.80%
- Oct 23, 20267.80%▼ from 8.18%
- Oct 15, 20268.18%▲ from 7.42%
- Sep 14, 20267.42%first recorded
Payment: $2,412; Rates effective as of 10/28/2026, 11:07:31 AM (ET); based on a 45 day lock
- Oct 28, 20267.67%▼ from 7.80%
- Oct 23, 20267.80%▼ from 8.18%
- Oct 15, 20268.18%▲ from 7.80%
- Oct 4, 20267.80%▼ from 8.18%
Rates effective as of 10/28/2026; based on a 45 day lock
Par rate (no discount points)
- Oct 26, 20267.93%▼ from 8.31%
- Oct 14, 20268.31%▲ from 7.80%
- Sep 22, 20267.80%▲ from 7.42%
- Sep 14, 20267.42%first recorded
Boones Mill VA Loan Rates
Variable; TD Mortgage Prime Rate 4.85% -0.31%; Posted Rate: TD Mortgage Prime Rate (struck through)
- Oct 31, 20264.56%▲ from 4.31%
- Oct 26, 20264.31%first recorded
Rates as of Oct 30, 2026 ET. Rates subject to change.
- Oct 31, 20266.66%▼ from 6.79%
- Oct 20, 20266.79%first recorded
Home Loans Over $832,750; Rate Effective Date: October 29, 2026
- Oct 23, 20266.78%▼ from 6.83%
- Oct 15, 20266.83%▲ from 6.75%
- Oct 13, 20266.75%▼ from 6.80%
- Oct 9, 20266.80%▲ from 6.75%
Home Loans Over $832,750; Rate Effective Date: October 29, 2026
- Oct 23, 20266.80%▼ from 6.86%
- Oct 15, 20266.86%▲ from 6.80%
- Oct 13, 20266.80%▼ from 6.87%
- Oct 9, 20266.87%▲ from 6.80%
up to $832,750; Rate Effective Date: October 29, 2026; Link: Get Started
up to $832,750; Rate Effective Date: October 29, 2026; Link: Get Started
No additional details available.
Rates as of Oct 30, 2026 ET. Rates subject to change.
- Oct 31, 20266.93%▼ from 7.06%
- Oct 20, 20267.06%first recorded
As Low As; Purchase loan of $225,000 on $375,000 property value; NY, Erie county; existing single family primary residence; escrow required; 60-day rate lock; 740 credit score assumed
- Oct 31, 20267.00%▼ from 7.32%
- Oct 26, 20267.32%first recorded
As Low As; Purchase loan of $225,000 on $375,000 property value; NY, Erie county; existing single family primary residence; escrow required; 60-day rate lock; 740 credit score assumed
- Oct 31, 20267.10%▼ from 7.23%
- Oct 26, 20267.23%first recorded
Fixed Rate Mortgage; Origination Fee: $0; VA Loan: 100% LTV; 90% LTV Cash-out Refinance
- Oct 29, 20267.15%▼ from 7.29%
- Oct 10, 20267.29%▼ from 7.67%
- Oct 6, 20267.67%▲ from 7.54%
- Sep 30, 20267.54%first recorded
Par rate (no discount points)
- Oct 28, 20267.21%▼ from 7.34%
- Oct 23, 20267.34%▼ from 7.46%
- Oct 15, 20267.46%▲ from 6.95%
- Sep 14, 20266.95%first recorded
Payment: $2,349; Rates effective as of 10/28/2026, 11:07:31 AM (ET); based on a 45 day lock
- Oct 28, 20267.21%▼ from 7.34%
- Oct 23, 20267.34%first recorded
Rates effective as of 10/28/2026; based on a 45 day lock
- Oct 28, 20267.21%▼ from 7.46%
- Oct 2, 20267.46%▲ from 7.21%
- Sep 25, 20267.21%▲ from 7.08%
- Sep 16, 20267.08%first recorded
Effective Date: October 29, 2026
Par rate (no discount points)
- Oct 26, 20267.46%▼ from 7.85%
- Oct 14, 20267.85%▲ from 7.34%
- Sep 22, 20267.34%▲ from 6.95%
- Sep 14, 20266.95%first recorded
No additional details available.
Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
National Refinance Rate Averages
Daily averages of posted rates across every lender we track, as of October 31, 2026. Use these as the benchmark for the Boones Mill, Virginia quotes above; lenders that price refinances separately currently run about 0.189 points higher.
Boones Mill, VA Refinance Rate Trends
Compare local Boones Mill, VA refinance quotes against the statewide average
Daily averages of posted first-mortgage rates across our lender network, updated every evening. Because most lenders price purchase and refinance loans identically, this is the benchmark a Virginia refinance quote should be measured against, plus roughly 0.189 points at lenders that price refinances separately.
Virginia 30-year fixed rates fell 0.068 points over the past 7 days to 7.329%.
Virginia 15-year fixed rates fell 0.042 points over the past 7 days to 6.824%.
What Boones Mill, VA 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.
Virginia Refinance Rate Forecast, Next 12 Months
Where are Virginia refinance rates headed through October 2027?
Based on Fed funds rate futures, 10-year Treasury 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 Boones Mill, VA Homeowners Refinancing
Monthly principal & interest on a 30-year refinance of the loan of $166,640 (80% of the city median home value). Payment differences show what waiting for the forecast rate would be worth each month.
| Scenario | Rate | Mo. Payment | vs. Today | % of Income |
|---|---|---|---|---|
| Today (VA avg) | 7.329% | $1,146 | 18.1% | |
| 6-Month Forecast | 7.329% (6.98, 7.63%) | $1,146 | +$0/mo | 18.1% |
| 12-Month Forecast | 7.579% (7.23, 7.88%) | $1,174 | +$28/mo | 18.5% |
Income column = annual mortgage payment as % of Boones Mill, VA median household income ($75,972). Above 30% is generally considered cost-burdened.
Boones Mill, Virginia 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 Boones Mill, Virginia 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 Boones Mill, Virginia Refinance
The rate is only part of the decision. Use these calculators to turn current Boones Mill, Virginia home refinance rates into monthly savings, break-even months, and total interest before you request quotes from refinance lenders.
If you already own a home, enter your current rate, remaining loan balance, and the rate you’ve been quoted to refinance. The calculator shows your new monthly payment, how much you’d save each month, and the break-even point, the number of months it takes for your savings to cover the closing costs of refinancing.
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 Boones Mill, Virginia 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 Boones Mill, Virginia 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 Available in Boones Mill, Virginia
Homeowners in Boones Mill, Virginia 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 Virginia lender because the loan-to-value ratio does not rise.
Best for homeowners whose rate is at least half a point above today’s Boones Mill, Virginia 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 in Boones Mill, Virginia 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 in Virginia 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 loan limit for Boones Mill, Virginia is $832,750. A refinance above that amount is a jumbo loan and stays on the lender’s books or goes to private investors, so pricing and underwriting are set 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 Boones Mill, Virginia 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 for Boones Mill, Virginia directly from the official websites of local lenders, credit unions, and national mortgage originators using our proprietary rate aggregation technology and a dedicated team of rate updaters. Where a lender publishes a product specifically for refinancing, that product is listed by name; 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 in Boones Mill, Virginia. We feature a comprehensive mix of licensed NMLS financial institutions, from neighborhood credit unions and competitive regional banks to large national originators available to borrowers in VA.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update mortgage and refinance rates daily. Because rates and APRs can fluctuate rapidly based on bond markets and economic conditions, every loan product features its own “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 compare rates from secure, reliable lenders.
Refinance Product Information
How a Mortgage Refinance Works
A refinance pays off your current mortgage with a new loan on the same Boones Mill, Virginia home. The new lender wires the payoff to the old lender at closing, and from that point you make payments on the new loan only. Because it is a brand-new mortgage, you go through an application, credit check, and usually an appraisal, and you pay closing costs, just as you did when you bought the home.
Refinance Rates vs. Purchase Rates
Most Virginia banks and credit unions post one rate sheet that applies to purchase and refinance loans alike, which is why the tables above show the same lenders you will find on our Boones Mill, Virginia mortgage rates page. For example, Beacon Credit Union Incorporated is listing a First Mortgage - 30 Year Fixed Refinance at 7.125% for either purpose. Some lenders price refinances separately and list them by name, such as Beacon Credit Union Incorporated’s 5/1 ARM - 30 Year Fixed Refinance at 6.647%. Across lenders that post both, refinance pricing currently runs about 0.189 points above the same lender’s purchase rate nationally. Cash-out refinances, investment properties, and second homes carry pricing add-ons at every lender.
Finding Your Break Even Point
Divide total closing costs by the monthly payment savings and you get the number of months until the refinance has paid for itself. A Boones Mill, Virginia homeowner who expects to sell before that month should not refinance, no matter how good the rate looks. The calculator above runs this math with today’s local rates. A shorter break-even, under three years, is a comfortable margin; anything past five years needs a long stay to pay off.
Refinance Closing Costs
Refinance closing costs in Virginia typically run two to five percent of the loan and include the lender’s origination fee, appraisal, title search and lender’s title policy, recording fees, and prepaid interest. Discount points are optional and buy the rate down. A no-closing-cost refinance rolls the fees into a higher rate or the loan balance. It is not free, but it can be the better choice for a homeowner likely to move or refinance again within a few years, because there is nothing to recoup.
When to Wait
Refinancing rarely pays when the new rate is less than half a point below the current one, when you are more than ten years into a 30-year loan and would reset the clock, or when your credit score has dropped since the original loan. Homeowners holding a rate from 2020 to 2022 are usually better served by keeping that loan and using a home equity loan or HELOC for cash needs. Our Virginia refinance rate trends above show where rates have been over the past 90 days, and the forecast gives a sense of where they may head, so you can decide whether to lock now or wait.
Frequently Asked Questions about Refinance Rates in Boones Mill, Virginia
What are refinance rates in Boones Mill, Virginia today?
What are home loan refinance rates in Boones Mill, VA today?
Are refinance rates higher than purchase mortgage rates in Boones Mill, Virginia?
When does refinancing make sense in Boones Mill, Virginia?
How soon can I refinance a mortgage in Boones Mill, Virginia?
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 in Boones Mill, Virginia?
What is the difference between interest rate and APR on a refinance?
Should I lock my refinance rate?
How do I compare refinance lenders in Boones Mill, Virginia?
How do I get refinance quotes in Boones Mill, Virginia?
What are the best refinance rates in Boones Mill, Virginia?
- Beacon Credit Union Incorporated: 7.125% (First Mortgage - 30 Year Fixed Refinance)
- HSBC Bank USA: 7.625% (Conforming Mortgage Refinance - 30 Year Fixed Rate)
- Commonwealth One Federal Credit Union: 6.625% (Made to Match - 30 Year Fixed)
- State Department Federal Credit Union: 6.875% (Conforming 30 Year Fixed)
- Virginia Credit Union: 6.625% (VA 30 Year Fixed Rate)
Boones Mill, Virginia Rates & Resources
