Tue, May 13, 2025
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Current refi mortgage rates report for May 13, 2025

On May 13, 2025, mortgage refinance rates have seen a slight increase, with the average 30-year fixed-rate mortgage at 7.00%, up from 6.99% the previous week, and the 15-year fixed-rate at 6.25%, up from 6.24%. Despite these rises, experts suggest that now could still be a good time to refinance due to the potential for future rate increases. The article also provides a detailed comparison of rates from various lenders, including Bank of America, Chase, and Wells Fargo, and offers insights into how different loan terms and credit scores can affect the rates offered to borrowers. Additionally, it discusses the benefits of refinancing, such as lowering monthly payments or changing the loan term, and advises readers to consider their financial goals and consult with a mortgage professional before making a decision.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-refi-mortgage-rates-05-13-2025/ ]