Home Refinancing Rates May 2026

: High scores (typically 760+) qualify for the best rates .

Home refinancing rates are the interest rates lenders charge when you replace an existing mortgage with a new one, typically to lower monthly payments or change loan terms . As of April 28, 2026, the national average , while the 15-year fixed refinance APR averages 6.17% . Key Factors Influencing Rates home refinancing rates

: Lenders look at home equity; having 20% or more often leads to better terms . : High scores (typically 760+) qualify for the best rates

: High scores (typically 760+) qualify for the best rates .

Home refinancing rates are the interest rates lenders charge when you replace an existing mortgage with a new one, typically to lower monthly payments or change loan terms . As of April 28, 2026, the national average , while the 15-year fixed refinance APR averages 6.17% . Key Factors Influencing Rates

: Lenders look at home equity; having 20% or more often leads to better terms .