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Mortgage Refinance Rates & Loans

Today's mortgage rates for home
purchase loans

30-year Glossary Term: fixed 5/1 Glossary Term: ARM  (variable)
Glossary Term: Rate 3.875% 2.750% for mortgage 5/1 ARM
Glossary Term: APR 4.033% 3.093%
Glossary Term: Points 0.700 0.073

Rates valid on 08/30/2015 05:00 PM ET. Chart data is for illustrative purposes only, assumes a borrower with excellent credit and is subject to change without notice. Accuracy is not guaranteed and products may not be available for your situation. Loan assumptions and disclosuresOpens in a new window. Monthly payment example 5/1 ARM interest rate and payment subject to increase after 5 years. Select the ARM interest rate for important information, including estimated payments and rate adjustments.

Sample monthly payments ($200,000 loan)

Today's refinance rates

30-year Glossary Term: fixed 5/1 Glossary Term: ARM  (variable)
Glossary Term: Rate 4.125% 2.875% for refinance 5/1 ARM
Glossary Term: APR 4.241% 3.130%
Glossary Term: Points 0.233 0.055

Rates valid on 08/30/2015 05:00 PM ET. Chart data is for illustrative purposes only, assumes a borrower with excellent credit and is subject to change without notice. Accuracy is not guaranteed and products may not be available for your situation. Loan assumptions and disclosuresOpens in a new window. Monthly payment example 5/1 ARM interest rate and payment subject to increase after 5 years. Select the ARM interest rate for important information, including estimated payments and rate adjustments.

Sample monthly payments ($200,000 loan)

Looking to lower your monthly mortgage payment?

Our refinance calculator will show you refinance interest rates and Glossary Term: annual percentage rate (APR), Glossary Term: points and potential monthly payments and estimated payment savings for different loan types.

Which refinance loan is right for you?

Fixed-rate refinance loans

Fixed-rate loans have a set interest rate, so the principal and interest payment stays the same for the life of the loan.

Adjustable-rate refinance loans

Adjustable-rate loans have an interest rate and payment that are fixed for an initial period and then can adjust up or down once a year for the rest of the loan term.

FHA & VA refinance loans

Government loans like FHA and VA loans have more flexible qualification guidelines than conventional loans.Footnote 1

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