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Current refi mortgage rates report for May 30, 2025

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  See Friday's report on average refi rates on different types of home loans.

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On May 30, 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 the rise, 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 advice on how to choose the best refinancing option based on individual financial situations. Additionally, it highlights the importance of considering closing costs and the break-even point when deciding to refinance.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-refi-mortgage-rates-05-30-2025/ ]