Based on data compiled by Credible, three key mortgage refinance rates have risen and one remained unchanged since yesterday.

• 30-year fixed-rate refinance: 5.375%, up from 5.125%, +0.250
• 20-year fixed-rate refinance: 5.250%, up from 5.125%, +0.125
• 15-year fixed-rate refinance: 4.750%, up from 4.500%, +0.250
• 10-year fixed-rate refinance: 4.750%, unchanged

Rates last updated on August 18, 2022. These rates are based on the assumptions shown here. Actual rates may vary. With 5,000 reviews, Credible maintains an “excellent” Trustpilot score.

What this means: Mortgage refinance rates edged up for three key terms today, with 15- and 30-year terms climbing a quarter point. Rates for shorter terms remain under 5%, but recent increases narrow the gap between longer and shorter terms. Still, homeowners looking to refinance may find that 15-year terms offer the best opportunity for a lower interest rate and manageable monthly payment.

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