Mortgage Refinance Companies

The Best Overall Mortgage Lender for 2022

Other Top-rated Mortgage Refi Company New American Funding Our Partner

  • Best for: Fast, honest, and fair mortgage refinancing
  • Impact to Credit Score to check rates: None
  • Time it takes to get rates: 2 minutes

New American Funding offers a simple, fast, and easy way to refinance your mortgage 100% online.

View New American Funding Offers

Average Annual Mortgage Rate Chart

Year Average 15-Year Mortgage Rate
2021 2.20%
2020 2.61%
2019 3.39%
2018 4.00%
2017 3.38%
2016 2.93%

Data according to Freddie Mac

This table shows the annual average 15-year rate fixed mortgage for each of the following years dating back to 2016. Due to historically low mortgage rates, experts recommend locking in your rate soon, because rates can’t stay this low forever.

About Mortgage Loan Refinance Rates

The US Federal Reserve’s recent policy implementation has brought mortgage rates to all-time lows. Recently, the Federal Reserve cut their benchmark lending rates to essentially 0.00%.

What 0.00% Federal Interest Rates Mean for Homeowners

If you have a mortgage, now is a great time to refinance your mortgage. Rates are at a historic low. Realistically, rates really can’t go any lower; they can only go up from here.

Simply put, if you don’t think about refinancing now, you’ll likely miss out, because rates cant stay at 0% for ever.

Any Fees to Get My Refinance Rate?

For all of the lenders and marketplaces on this page, there are no fees to get your unique mortgage refinance rate. Some mortgage lenders charge a “closing cost” to refinance. However, even if there is a fee to refinance your mortgage, if you lower your interest rate by a substantial amount, you will lower your monthly mortgage payment and save money in the long-run.
There’s no harm to see if you qualify for a loan today.

Which Mortgages are Eligible for Refinancing

Virtually any type of mortgage is eligible to be refinanced. There is also no limit on the amount of times you can refinance your mortgage. Common types of mortgages include:

  • Fixed rate mortgages
  • Adjustable rate mortgages
  • VA mortgages
  • Jumbo mortgages
  • FHA mortgages

Will Getting My Refi Rates Affect My Credit Score

No! There is no impact to check your mortgage refinance rate with any company on this page. A lot of the companies on this page also offer cash-out refinancing, where you can take out a cash loan of $1,000 to $50,000 against your home at extremely low interest rates.


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