Our refinance calculator uses today’s current rates. Once you enter your numbers and pressing "Calculate," you’ll see a list of recommended loans, terms and rates. If you like what you see, you can get started by contacting a Home Loan Expert or applying online with Rocket Mortgage .
And thanks to the record-low FHA mortgage rates of today, borrowers will have spend less than ever to borrow this money. Borrowers considering a cash out refinance on their FHA loan have new limits in place. HUD announced a new lower loan-to-value limit from.
In many cases, it’s to pay a lower interest rate on their home loan. If you initially get a mortgage with a rate of 5% and learn you can refinance to a mortgage with a rate of 4%, you might decide it’s worth the cost and trouble of refinancing to nab that lower rate. But getting a lower refinance mortgage rate is not the end goal in itself.
Interested in today’s refinance rates? See how much you can save on your mortgage when comparing Bankrate’s daily rates tailored for your needs.
November 2019 mortgage rates forecast (FHA, VA, USDA, Conventional). 2019 – 22 min read View Today’s Mortgage Rates May 3, 2017 – 10 min read FHA Streamline Refinance guidelines & rates April 1