What are today’s mortgage refinance rates 15-year fixed?

2.35%

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In respect to this, what is the lowest 15-year fixed mortgage rate in history?

2.66%

Keeping this in consideration, is it worth refinancing for 1 percent? Is it worth refinancing for 1 percent? Refinancing for a 1 percent lower rate is often worth it. One percent is a significant rate drop, and will generate meaningful monthly savings in most cases. For example, dropping your rate 1 percent — from 3.75% to 2.75% — could save you $250 per month on a $250,000 loan.

People also ask, is it worth refinancing to a 15-year mortgage?

15year loan can help you save big on interest

Instead, it can be smart to pursue a refi with a shorter term. Refinancing from a 30-year, fixed-rate mortgage into a 15year fixed loan can result in paying down your loan sooner and saving lots of dollars otherwise spent on interest.

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