The rate on a 30-year fixed refinance slipped today. Refinancing rates for 30-year, fixed-mortgage is averaging 7.15%, according to Bankrate. For 15-year fixed mortgages, the average refinance rate is 6.29%, and for 20-year mortgages, the average is 6.92%. For 5/1 ARMs, the average rate is 5.65%.
@RachelWitkowski: Assigning Editor @ForbesAdvisor. I love all things finance, fintech and dogs. Former @AmerBanker @WSJ and @bankrate. Email: rwitkowski@forbesadvisor.com