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Originally Published: May 05, 2021 Last Updated: May 10, 2021 1 min read

With mortgage rates still low, millions of people have already refinanced their mortgages and millions more could save by doing so.

Interest rates are still low, but projected to slowly increase, and mortgage refinance applications are on the rise, with homeowners eager to take advantage of the best rates available. Now is a great time to shop around for a low rate and lock in your savings.

To help you start the process of refinancing and see how much you can save on your monthly mortgage payment, we selected a list of top picks for the best mortgage refinance lenders.

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Average Mortgage Refinance Rates
Data based on US mortgage loans closed on Dec 1, 2023
Loan TypeDec 1Last WeekChange
15 Year Fixed Conventional6.94%7.1%0.16%
30 Year Fixed Conventional8.09%8.16%0.07%
7/6 ARM Rate7.98%8.2%0.22%
10/6 ARM Rate8.1%8.37%0.27%
Your actual rate may vary
Find your actual rate at a top ranked lender in your area.

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View Rates for December 02, 2023