Best Mortgage Refinance Rates in 2026
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Reviewed by Holly Manning- Compare refinance mortgage rates by APR, fees, and loan type
- Check closing costs and break-even time before you apply
- Learn when cash-out or 15-year refinance rates make sense
Mortgage refinance rates - Comparison
Mortgage Loans
193 customers chose this
Maximum APR7.35%
Loan Originator Fee1%
Cancellation Fees$0
Discounts for Direct DebitYes
LoanDepot offers a "Lifetime Guarantee" that waives lender fees and reimburses appraisal fees for future refinances with them. Down payment requirements: 3% for conventional loans, 3.5% for FHA loans, 0% for VA and USDA loans.
Mortgage Details
Mortgage NameLoanDepot offers Conventional, FHA, VA, USDA, and Jumbo loans
Lowest Nominal Interest Rate5.75%
Highest Nominal Interest Rate7.25%
Minimum APR5.85%
Maximum APR7.35%
Interest rate typeBoth
Loan Originator Fee1%
Cancellation Fees$0
Monthly Payment$0
Interest AdjustmentsExample for ARMs: initial fixed period (3, 5, 7, or 10 years), then annual adjustments with caps
Requirements
Minimum age18 years
Citizenship requiredYes
National bank requiredNo
E-identification RequiredYes
Accepts Bad Credit HistoryYes
Loan Types
First Home LoanYes
Second Home LoanYes
Investment Home LoanYes
Change Bank LoanYes
Discounts
Discounts for Bank AccountNo
Discounts for Using CardNo
Discounts for InsurancesNo
Discounts for Direct DebitYes
Features
Interest free periodNo
Maximum Amount FinancedYes
Additional fields
Recommended companyNo
we can't guarantee the complete accuracy on a day-to-day
Product Statistics
A complete breakdown of all data points across the products in this comparison to help you make the right decision.
Loan amount$50,000-$3,000,000 ($1,525,000)
Nominal interest rate5.75%-7.25% (6.50%)
APR5.85%-7.35% (6.60%)
Accepts Bad Credit History1 (100.0%)
Change Bank Loan1 (100.0%)
Citizenship required1 (100.0%)
Discounts for Direct Debit1 (100.0%)
E-identification Required1 (100.0%)
First Home Loan1 (100.0%)
Investment Home Loan1 (100.0%)
Maximum Amount Financed1 (100.0%)
Second Home Loan1 (100.0%)
Statistics based on 1 mortgages
Financer's Choice
Top Rated
LoanDepot
- Average 30-year fixed rate was 6.79% in 2024, slightly above the industry average of 6.55%. Average origination fee of $4,909 and total closing costs around $10,063 per HMDA data.
- Below-average rating in J.D. Power's 2025 Mortgage Origination Satisfaction Study. Some borrowers report communication gaps during closing, though others praise their loan officers.
- Offers 10, 15, 20, and 30-year fixed terms plus 3, 5, 7, and 10-year ARMs. The lifetime guarantee waives lender fees on refinances for existing customers, adding real long-term value.
- Digital application via mello smartloan is convenient, and closings can be up to 50% faster than average. Mixed reviews online, with Trustpilot and Yelp ratings showing polarized experiences.
Financer Score™
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