Trends indicate the Lowest Refinance Rates over last week.
Looking out for the Best Mortgage Refinance Rate brings up encouraging national rates. The 30-year fixed mortgage APR being 3.24% indicates a nine basis point decrease over last week. Regarding mortgage refinance, the APR at 3.16% means a reduction of 11 basis points compared to the previous week. A 15-year fixed APR at 2.54% shows a 17 basis points decline over last week. A second source quotes well below those figures. A 30-year fixed refinance attracts 2.754% APR. A 15-year fixed refinance quotes 2.128% APR. A third approach deals with a practical scenario of refinancing a loan for a property value of $260,000. The loan balance being $208,000, what rate does a 30-year fixed refinance require? ● A wants a rate of 2.865% with APR 2.865% and monthly payments of $862 ● B wants a rate of 2.625% with an APR of 2.775% and monthly payments of $835
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