The average 30-year refinance APR is 3.250%, according to Bankrate’s latest survey of the nation’s largest mortgage lenders.
Beside this, is 3.5 A good mortgage rate for 30 years?
What is a good 30-year fixed mortgage rate? … If you can qualify for a 30-year fixed rate mortgage anywhere between 3% to 3.5% you’re getting a solid deal. Certain mortgages typically have higher rates, like loans for investment properties, jumbo loans, and cash-out refinance mortgages.
Likewise, people ask, is a 2.8 interest rate good? Anything at or below 3% is an excellent mortgage rate. … For example, if you get a $250,000 mortgage with a fixed 2.8% interest rate on a 30-year term, you could be paying around $1,027 per month and $119,805 interest over the life of your loan.
Furthermore, is Bank of America Good for refinancing?
Bank of America is a good option for a mortgage or refinance. It may not stand out for customer service (though it scores “above-average” in JD Power’s 2020 customer survey), but it does have lower rates on average than many other big lenders.
What are rates today?
Current Mortgage and Refinance Rates
| Product | Interest Rate | APR |
|---|---|---|
| 30-Year Fixed Rate | 3.130% | 3.250% |
| 30-Year FHA Rate | 2.700% | 3.580% |
| 30-Year VA Rate | 2.790% | 2.990% |
| 30-Year Fixed Jumbo Rate | 3.120% | 3.190% |
What is the current refinance percentage rate?
Current mortgage refinance rates
| Product | Interest Rate | APR |
|---|---|---|
| 30-Year Fixed Rate | 3.140% | 3.300% |
| 20-Year Fixed Rate | 3.020% | 3.170% |
| 15-Year Fixed Rate | 2.440% | 2.670% |
| 10/1 ARM Rate | 3.090% | 4.040% |