Compare 30-Year Mortgage Refinance Rates Today

But, when we looked at reviews that specifically mentioned “refi”, we found more than a few complaints. One mentioned a process that took two months to complete when the client was expecting it to take three weeks. Another ranted that their cash-out refi was supposed to take care of certain bills, but those wound up not being included as expected. Several complained about AmeriSave’s automated underwriting system that left them hanging, despite having had an enthusiastic loan officer who sold them on using the company in the first place.

AmeriSave has plenty of experience you can rely on if you’re looking to refinance your mortgage. They’ve been in business for over two decades and can point to more than 733,000 borrowers they’ve helped with home loans, reaching more than $130 billion in loan volume. As long as you’re not trying to refi a property in New York State, you’ll be eligible to apply for an AmeriSave home loan. We were a little taken aback by how quickly loanDepot moved us into a full-on mortgage refi application. After clicking on the button to get started and answering just a handful of questions (primarily our name, zip code, and remaining mortgage balance), we got a message that said, “let’s see if you’re approved”. From there, it went directly to a dashboard with “Mortgage Loan Application” right at the top.

You Want To Cash Out Some of Your Home Equity

• EMortgage is a service provided by HSH, so don’t be caught off-guard if you see references to HSH as you work your way through the eMortgage site.
• Beeline is an online mortgage lender that offers a simple and fast home loan experience.
• In our model, it scored the highest among lenders that offer veteran and service-member support and programs.
• In many cases, you’ll need to hand over cash to cover everything from the title search to the home appraisal, along with lender-specific fees like origination costs.
• I’ve twice won gold awards from the National Association of Real Estate Editors, and since 2017 I’ve served on the nonprofit’s board of directors.

Even if you decide not to use LendingTree for your mortgage refinance, researching your chosen lender independently is strongly recommended and you can use this site as a valuable (free) resource. You may want to get a quote from the lender that originated your mortgage, but you don’t have to stick with the same lender. Comparing rate quotes as well as lender fees will help you get the best deal on your refi. Mortgage lenders vary in many ways, including what interest rate they’ll offer you.

Curious about your mortgage options?

• Some lenders offer lower fees so you don’t take your business elsewhere.
• That means you could get your mortgage refi approved (not just pre-approved, but approved-approved) in as quickly as 15 minutes, with closing in anywhere from two weeks to 45 days.
• Optimum First Mortgage offers a rate protection guarantee to qualifying borrowers, similar to the rate protection pledge from New American Funding.
• Even if your current lender offers cost savings, another lender might provide a better overall deal.
• Refinancing your mortgage means taking out a new home loan to replace your existing one.

Then you’ll make payments on your new mortgage, along with its new repayment terms and interest rate. On Tuesday, September 02, 2025, the national average 30-year fixed mortgage APR is 6.65%. The average 15-year fixed mortgage APR is 5.83%, according to Bankrate’s latest survey of the nation’s largest mortgage lenders. If you’re looking to tap the equity you’ve built in your home, refinancing isn’t your only option. You can also explore home equity loans and home equity lines of credit (HELOCs).

And when the Fed cuts rates, it ripples throughout the economy, including with mortgage and refinancing interest rates. While mortgage rates are expected to continue dropping in 2024, it’s unlikely they’ll fall to the historic lows seen in 2020 and 2021 when the average mortgage rate was 2.96%. A HELOC is best mortgage refi lenders another form of second mortgage and also uses your home as collateral, but it functions more like a credit card.

Mortgage Refinance Company Reviews

SoFi stands out for its modern and flexible mortgage experience, offering a variety of loan types, including jumbo and VA loans. Known for additional member benefits like travel discounts and financial planning, SoFi also provides strong customer service and a tech-driven platform, making them a great choice for those looking to refinance. Mortgage refinance loans spiked in popularity in 2020 and 2021, largely due to record-low interest rates. However, mortgage rates have increased since then, primarily due to the Federal Reserve’s efforts to combat rising inflation. Here’s a look at interest rate trends for purchase mortgages over that time period. Rocket Mortgage originates hundreds of thousands of purchase and refinance loans every year.

Short refinancing

Over the past 18 months, mortgage refinance rates have mostly hovered between 6% and 7%. Mortgage lenders use the 10-year Treasury note yield as a benchmark. The yield fluctuates based on investor expectations about certain economic indicators.

The Experian Smart Money™ Debit Card is issued by Community Federal Savings Bank (CFSB), pursuant to a license from Mastercard International. Experian is a globally recognized financial leader, committed to being a Big Financial Friend—empowering millions to take control of their finances through expert guidance and innovative tools. As a trusted platform for money management, credit education, and identity protection, our mission is to bring Financial Power to All™.

Rate

When you’re looking at lenders’ advertised rates, be mindful of points. These are optional fees you pay upfront to lower your interest rate. A lot of the best refinance lenders include points in the rates they publish online. The rate you get will be higher if you don’t buy those points, so it’s important to evaluate point-free rates when comparing lenders. SoFi comes out as a “just average” option for mortgage refinancing.

Best for rate match: Better

The only way to know for sure is to compare offers from multiple companies, including your current lender. Don’t just look at the interest rate to determine which offer is cheaper. Consider closing costs and other fees to determine the true cost to refinance. Bank of America scored well in our customer experience rating model, too. It offers its borrowers helpful educational resources (scoring 4 out of 5), an easy-to-use online experience (3 out of 5).

If you have a conventional mortgage, you can typically get a rate-and-term refinance immediately after closing. To qualify for a cash-out refinance, though, you usually need to wait at least six months. If you have a government-backed mortgage, you can refinance after 6 to 12 months, depending on whether it’s an FHA, VA or USDA loan.

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To evaluate the best mortgage refinance companies, we collected hundreds of data points from 16 top mortgage refinance lenders. We also analyzed details from tens of thousands of refinance loans originated in 2024 from the Home Mortgage Disclosure Act (HMDA) database. We used those details to generate average interest rates, average origination fees (and lender credits), and much more. We reviewed more than a dozen lenders to come up with our top mortgage refinancing companies. We considered factors such as available loan options, application process, closing timeline, the ability to prequalify, rate matching and other features that may be helpful to homeowners looking to refinance. Refinancing with your bank can have advantages, such as convenience and faster processing times.

All of this combines to keep Better in our #1 spot among mortgage refinancing options. With numerous five-star reviews, an incredibly streamlined and transparent process, and multiple options for rates and terms, Better offers the broadest spectrum of possibilities. Since you’re replacing your current mortgage with a new one, you’ll need to pay closing costs again. And there’s no guarantee you’ll qualify for a lower rate, especially if rates have risen since you originally financed your home.

You can turn some of that into money in your pocket with a cash-out refinance. Most lenders will approve a cash-out refinance mortgage for a borrower with a maximum debt-to-income ratio of 45%. You may find one willing to accept a higher DTI, though, especially if you have significant cash reserves or are applying for a government-backed loan.