Today's Rocket Mortgage® refinance rates

Check today's rates and get a personalized estimate in minutes with zero credit impact.
Purchase rates

Monthly payment examples below are for a loan amount of $275k ($1,100k on Jumbo). Taxes and insurance not included within the estimate; actual payment amount will be greater.

Rate6.125%

APR
6.397%

Monthly payment$1,671

Points

1.75 ($4,813)

Apply to refinance Learn about 30-year fixed

20-year fixed

Rate5.5%

APR
5.881%

Monthly payment$1,892

Points

2 ($5,500)

Apply to refinance Learn about 20-year fixed

Rate5.99%

APR
6.868%

Monthly payment$1,761

Points

2 ($5,500)

Apply to refinance Learn about FHA loans

Rate5.75%

APR
5.932%

Monthly payment$6,420

Points

1.5 ($16,500)

Apply to refinance Learn about jumbo loans

Rate6%

APR
6.517%

Monthly payment$1,649

Points

2 ($5,500)

Apply to refinance Learn about VA loans
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Looking for Home Equity Loan Rates?

Rates can vary depending on your financial goals and home equity. Explore your options, including how to access cash without refinancing.

Explore home equity options

Rates are current as of 8:19 AM UTC on September 13, 2025

What's your personalized mortgage rate?

Home loan interest rates are calculated using a set of details unique to everyone. They include your loan amount, how much debt you have compared to your income and your credit profile. 

Our experts use your details to find your best personalized rate – and the best way to reach your home buying goals.

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Don't wait on rates

You could be missing out if you’re basing your next step on rates alone.

Know the difference

A quarter of a percent rate change (.25%) roughly equals a $30 difference in your monthly payment.

Your rate is unique

Your loan amount, your credit profile, your financial picture = your rate.

Your rate is temporary

You’re never stuck with a rate forever. Take your goals off hold, discover what’s possible.

Join our clients who give us 5 stars for rates and service.

was easy to upload documentation, i got a great rate, and am extremely happy with the service.

Mr. Brink

Best rate by far … Fewest hoops to jump through … We shopped a bunch of lenders and they were the best!

Ben

We got great, attentive service, and importantly, a very competitive rate that we were happy with.

Elise

This was my first real mortgage … the interest rate was way better than anyone else could offer and the process … was so fluid.

Shawn Y.

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Mortgage refinance rates frequently asked questions

Don't see your question here? We love helping people understand how rates work and what yours could be. Just talk to us.
Why should I refinance my mortgage?

Here are some of the most common reasons you might consider refinancing, which is replacing the mortgage you have with a new one.

  • Use your home’s equity to take cash out. Equity is the difference between what your home is worth, and what you still owe.
  • Change the length of your mortgage. If you want to be mortgage-free faster and pay less interest, you could change your 30-year loan term to a 15-year.
  • Consolidate debt. If you have a lot of high-interest credit card debt, you can use your home’s equity to pay it off.
  • Change your loan type, such as go from FHA to a conventional loan.

Whatever you goal, we can help you understand the costs of refinancing and whether it makes sense for you.

How does refinancing a mortgage work?

Refinancing the mortgage on your house means trading in your current mortgage for a new one. Usually refinancing changes your interest rate and your monthly payment. We use the new mortgage to pay off the old one.

Refinancing isn’t very different from getting a mortgage to buy a home. You’ll apply, provide documents, get an appraisal, and close on your loan. The fees and costs will be similar too. You may be able to close right from your own home.

What factors determine my refinance rate?

Mortgage refinance rates are determined by multiple factors that fall into two categories.

  • Economic: Factors like the stock market, the Federal Reserve, inflation and the housing market all affect mortgage rates.
  • Personal: Your credit profile, how much debt you have compared to your income, and how much you’re borrowing are all examples of details that determine your mortgage rate.

To learn more, see How Are Mortgage Rates Determined? A Comprehensive Look At Mortgage Interest Rates.

How are today’s refinance rates calculated?

Current refinance rates are calculated using a set of details called assumptions. They can include the following:

  • A loan amount
  • Points paid at closing to get a lower interest rate
  • A debt-to-income ratio
  • A credit score

The closer your details are to assumptions – you have the same credit score, the same DTI, the same loan amount -- the more likely it is you’ll get a similar rate. Just like rates, assumptions can change. And assumptions differ from lender to lender. So it’s a good idea to check assumptions when you’re comparing rates. To see ours, select the View Legal Disclosures link under where rate are displayed.

What’s a mortgage rate lock?

A mortgage rate lock keeps your interest rate from changing for a period of time. Rate locks usually last between 15 and 60 days.

How do I lock in a rate?
Your first step is to apply online or talk to a Home Loan Expert and see what your personalized rate could be. After getting approved for a loan, we’ll help you lock your rate.
How often do refinance rates change?

Mortgage rates can change daily, sometimes more than once a day. If you’re watching refi rates, it’s helpful to know 0.25% (a quarter of a percentage point), roughly equals a $30 change in the interest added to your mortgage payment.