{"id":369,"date":"2025-10-13T10:00:46","date_gmt":"2025-10-13T10:00:46","guid":{"rendered":"http:\/\/www.capitalskips.com\/?p=369"},"modified":"2025-10-13T12:08:17","modified_gmt":"2025-10-13T12:08:17","slug":"current-mortgage-refinance-rates-october-13-2025-rates-hold-steady","status":"publish","type":"post","link":"http:\/\/www.capitalskips.com\/index.php\/2025\/10\/13\/current-mortgage-refinance-rates-october-13-2025-rates-hold-steady\/","title":{"rendered":"Current Mortgage Refinance Rates: October 13, 2025 \u2013 Rates Hold Steady"},"content":{"rendered":"

30-year fixed refinance mortgage rates remained unchanged at 6.39%<\/strong> today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.36%<\/strong>. For 20-year mortgage refinances, the average rate is 6.1%<\/strong>. <\/p>\n

Related:<\/strong> Compare Current Refinance Rates<\/a><\/span><\/p>\n

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30-Year Refinance Rates Climb 0.09%<\/h2>\n

The current 30-year, fixed-rate mortgage refinance average rate stands at 6.39%, about the same as last week. <\/p>\n

The annual percentage rate (APR) on a 30-year, fixed-rate mortgage is 6.42%, about the same as last week. The APR<\/a><\/span> is the all-in cost of a home loan\u2014the interest rate including any fees or extra costs.\u00a0<\/p>\n

At the current interest rate, borrowers with a 30-year, fixed-rate mortgage of $100,000 will pay $625 per month for principal and interest, according to the Forbes Advisor mortgage calculator<\/a><\/span>. That doesn’t include taxes and fees. Over the life of the loan, the borrower will pay total interest costs of about $125,607.\u00a0<\/p>\n

20-Year Refinance Rates Climb 1.16% <\/h2>\n

The 20-year fixed mortgage refinance average rate stands at 6.1%, versus 6.03% last week. <\/p>\n

The APR, or annual percentage rate, on a 20-year fixed mortgage is 6.13%. It was 6.06% last week.<\/p>\n

At the current interest rate, a 20-year, fixed-rate mortgage refinance of $100,000 would cost $722 per month in principal and interest. That doesn’t include taxes and fees. That borrower would pay roughly $73,762 in total interest over the life of the loan.<\/p>\n

15-Year Mortgage Refinance Rates Climb 0.79%<\/h2>\n

The average interest rate on the 15-year fixed refinance mortgage is 5.36%. Last week, the 15-year fixed-rate mortgage was at 5.32%. <\/p>\n

On a 15-year fixed refinance, the annual percentage rate is 5.41%. Last week, it was 5.36%. <\/p>\n

At today’s interest rate, a 15-year fixed-rate mortgage would cost approximately $810 per month in principal and interest per $100,000 borrowed. You would pay around $46,179 in total interest over the life of the loan.<\/p>\n

30-Year Jumbo Refinance Rates Climb 0.25%<\/h2>\n

The average interest rate for a 30-year, fixed-rate jumbo mortgage refinance (a loan above the federal conforming loan limit of $806,500 in most places) increased week-over-week to 6.72%, versus 6.7% last week. <\/p>\n

At today’s interest rate on a 30-year, fixed-rate jumbo mortgage refinance, a borrower would pay $647 per month in principal and interest on a $100,000 loan.<\/p>\n

15-Year Jumbo Refi Rates Climb 0.36%<\/h2>\n

A 15-year, fixed-rate jumbo mortgage refinance is 5.78% on average, up 0.36% from last week. <\/p>\n

At today’s interest rate, a borrower with a 15-year, fixed-rate jumbo refinance would pay $832 per month in principal and interest per $100,000 borrowed. Over the life of the loan, that borrower would pay around $49,995 in total interest.<\/p>\n

Are Refinance Rates and Mortgage Rates the Same?<\/h2>\n

Refinance rates are different from mortgage rates and tend to be slightly higher. The rate difference can vary by program and is something to consider as you compare the best <\/a><\/span>mortgage <\/a><\/span>refinance lenders<\/a><\/span>.\u00a0<\/p>\n

In addition to having different refinance rates for conventional, FHA, VA and jumbo applications, cash-out refinance rates<\/a><\/span> are higher as you’re borrowing from your available equity.\u00a0<\/p>\n

Rates for government-backed loan programs such as FHA and VA mortgage refinances can be lower than a conventional or jumbo refinance, as there is less risk for lenders. Still, you should compare your estimated loan’s annual percentage rate<\/a><\/span> (APR), which includes all additional fees and determines the interest charges.\u00a0<\/p>\n

When considering a mortgage refinance, compare your current interest rate, mortgage balance and loan term with the new interest rate and term. This comparison helps you estimate your new monthly payment and savings, making it easier to determine if refinancing is the right choice.<\/p>\n

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When You Should Refinance Your Home<\/h2>\n

There are lots of good reasons to refinance your mortgage<\/a><\/span>, but for most homeowners, it comes down to lowering the interest rate, reducing monthly payments or paying off the loan more quickly. Refinancing can also allow you to tap some of your home’s equity or eliminate private mortgage insurance<\/a><\/span> (PMI).\u00a0<\/p>\n

It’s important to keep in mind that refinancing carries costs, and for that reason makes more sense if you plan to stay in your home for some time. It can be helpful to calculate the “break-even point” for a potential refinance – to see how long it will take for savings from the new mortgage to outweigh closing costs. Try to find out what those fees will be and divide them by the monthly savings from the new mortgage. <\/p>\n

Check out our mortgage refinance calculator<\/a><\/span> to help you decide if this is a good time to refinance.<\/p>\n

How To Qualify for Today’s Best Refinance Rates<\/h2>\n

Refinancing a mortgage isn’t that different than taking out a mortgage in the first place, and it’s always smart to have a strategy for finding the lowest rate possible. Here are some suggested approaches to get the best rate: <\/p>\n