2.390%
Then, who has the best 15-year refinance rates?
Compare the 3 Best 15-year Mortgage Lenders of 2020
| Provider | Minimum Down Payment | Interest Rate |
|---|---|---|
| Alliant Credit Union | 0% | 2.625% |
| Rocket Mortgage by Quicken Loans | 2.125% | 2.625% |
| Wells Fargo | 25% | 2.625% |
Accordingly, is it worth refinancing to a 15-year mortgage?
15–year loan can help you save big on interest
Instead, it can be smart to pursue a refi with a shorter term. Refinancing from a 30-year, fixed-rate mortgage into a 15–year fixed loan can result in paying down your loan sooner and saving lots of dollars otherwise spent on interest.
What is the lowest 15-year fixed mortgage rate in history?
2.66%
What is a good APR for a 15-year mortgage?
On Saturday, May 15, 2021 according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the average 15–year fixed mortgage rate is 2.350% with an APR of 2.650%. The average 15–year fixed mortgage refinance rate is 2.390% with an APR of 2.610%.
Why refinancing is a bad idea?
Mortgage refinancing is not always the best idea, even when mortgage rates are low and friends and colleagues are talking about who snagged the lowest interest rate. This is because refinancing a mortgage can be time-consuming, expensive at closing, and will result in the lender pulling your credit score.