{"id":468,"date":"2025-11-03T08:54:32","date_gmt":"2025-11-03T09:54:32","guid":{"rendered":"http:\/\/www.capitalskips.com\/?p=468"},"modified":"2025-11-03T12:14:55","modified_gmt":"2025-11-03T12:14:55","slug":"current-mortgage-refinance-rates-november-3-2025-no-movement-on-rates","status":"publish","type":"post","link":"http:\/\/www.capitalskips.com\/index.php\/2025\/11\/03\/current-mortgage-refinance-rates-november-3-2025-no-movement-on-rates\/","title":{"rendered":"Current Mortgage Refinance Rates: November 3, 2025 \u2013 No Movement On Rates"},"content":{"rendered":"

30-year fixed refinance mortgage rates remained unchanged at 6.34%<\/strong> today, according to the Mortgage Research Center. Rates averaged 5.36%<\/strong> for a 15-year financed mortgage and 6%<\/strong> for a 20-year financed mortgage.<\/p>\n

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

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30-Year Refinance Rates Drop 0.08%\u00a0<\/h2>\n

Currently, the average rate for a 30-year, fixed-rate mortgage refinance is 6.34%, the same as last week. Borrowers with a 30-year, fixed-rate mortgage of $100,000 will pay $622 per month for principal and interest at the current interest rate, according to the Forbes Advisor mortgage calculator<\/a><\/span>, not including taxes and fees. Over the life of the loan, the borrower will pay total interest costs of about $124,428.<\/p>\n

Another way of looking at loan costs is the annual percentage rate, or APR<\/a><\/span>. For a 30-year, fixed-rate mortgage, the APR is 6.37%, about the same as last week. The APR is essentially the all-in cost of the home loan.<\/p>\n

20-Year Refinance Rates Drop 1.04%\u00a0<\/h2>\n

For a 20-year fixed refinance mortgage, the average interest rate is currently 6%, compared to 6.06% last week.<\/p>\n

The APR, or annual percentage rate, on a 20-year fixed mortgage is 6.04%. It was 6.1% last week.<\/p>\n

At today’s interest rate, a 20-year, fixed-rate mortgage refinance of $100,000 would cost $716 per month in principal and interest – not including taxes and fees. That would equal about $72,456 in total interest over the life of the loan.<\/p>\n

15-Year Mortgage Refinance Rates Climb 1.48%\u00a0<\/h2>\n

The 15-year fixed mortgage refinance is currently averaging about 5.36%, compared to 5.28% last week.<\/p>\n

The APR, or annual percentage rate, on a 15-year fixed mortgage stands at 5.41%.<\/p>\n

At the current interest rate, a borrower using a 15-year, fixed-rate mortgage refinance of $100,000 would pay $810 per month in principal and interest. That doesn’t include taxes and fees. That borrower would pay roughly $46,169 in total interest over the 15-year life of the loan.<\/p>\n

30-Year Jumbo Refinance Rates Climb 1.98%\u00a0<\/h2>\n

The average interest rate on the 30-year fixed-rate jumbo mortgage refinance (a loan above the federal conforming loan limit of $806,500 in most places) inched up week-over-week to 6.8%. A week ago, the average rate was 6.67%.<\/p>\n

Borrowers with a 30-year fixed-rate jumbo mortgage refinance with today’s interest rate will pay $652 per month in principal and interest per $100,000 borrowed.<\/p>\n

15-Year Jumbo Refi Rates Climb 2.54%\u00a0<\/h2>\n

A 15-year, fixed-rate jumbo mortgage refinance has an average interest rate of 5.93%, up 2.54% from last week.<\/p>\n

At today’s rate, a borrower would pay $840 per month in principal and interest per $100,000 borrowed for a 15-year, fixed-rate jumbo refi. Over the life of the loan, that borrower would pay around $51,476 in total interest.<\/p>\n

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

No, mortgage refinance rates are typically higher than purchase loan rates due to additional risk for the lender. Cash-out refinance rates<\/a><\/span> are also higher than a standard rate-and-term refinance as you are increasing your loan balance by tapping your equity.<\/p>\n

The application process for refinancing a mortgage is similar to getting a home purchase loan regarding the required paperwork and home appraisal. Additionally, similar closing costs from 2% to 6% of the loan amount apply, which is an extra expense.<\/p>\n

When you refinance, your new rate is based on current refinance rates and your loan term. This rate replaces your existing mortgage repayment terms.<\/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

You may want to refinance your home mortgage<\/a><\/span>, for a variety of reasons: to lower your interest rate, reduce monthly payments or pay off your loan sooner. You may also be able to use a refinance loan to get access to your home’s equity for other financial needs, like a remodeling project or to pay for your child’s college. If you’ve been paying private mortgage insurance<\/a><\/span> (PMI), refinancing also may give you the opportunity to ditch that cost.<\/p>\n

Refinancing your mortgage can make sense if you plan to remain in your home for a number of years. There is, after all, a cost to refinancing that will take some time to recoup. You\u2019ll need to know the loan\u2019s closing costs to calculate the break-even point where your savings from a lower interest rate exceed your closing costs. You can calculate this by dividing your closing costs by the monthly savings from your new payment.<\/p>\n

Our mortgage refinance calculator<\/a><\/span> could help you determine if refinancing is right for you.<\/p>\n

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

Much like when you shopped for a mortgage when purchasing your home, when you refinance here’s how you can find the lowest refinance rate<\/a><\/span>:<\/p>\n