Currently, the average rate for a 30-year, fixed-rate mortgage refinance is 6.26%, down 0.81% from last week. Borrowers with a 30-year, fixed-rate mortgage of $100,000 will pay $616 per month for principal and interest at the current interest rate, according to the Forbes Advisor mortgage calculator, not including taxes and fees. Over the life of the loan, the borrower will pay total interest costs of about $122,408.

 

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