MFP’s Community Home Refinance Rates Survey provides real refinance rates (not teasers) reported by homeowners nationwide. Unlike traditional rate sites, these rates reflect actual APRs recently received by members, broken down by credit score, lender type, and loan product.
The survey draws from 104,499 homeowners nationwide who refinanced very recently, covering credit unions, banks, and online lenders across all major products.
National Average Rates by Score & Lender Type
| Credit Score |
Sample |
|||
|---|---|---|---|---|
| 720 – 850 | 690 – 719 | 620 – 689 | ||
| Nationally | 6.60% | 6.65% | 6.71% | |
| Credit Unions | 6.20% | 6.25% | 6.41% | 38,521 |
| Online lenders | 6.30% | 6.35% | 6.50% | 17,328 |
| Banks | 6.60% | 6.65% | 6.71% | 49,650 |
| 30 year fixed | 6.60% | 6.65% | 6.71% | 26,716 |
| 20 year fixed | 6.31% | 6.36% | 6.41% | 15,003 |
| 15 year fixed | 5.93% | 5.99% | 6.04% | 8,967 |
| 10 year fixed | 5.58% | 5.63% | 5.68% | 2,103 |
| 10 year ARM | 6.46% | 6.51% | 6.56% | 1,798 |
| 7 year ARM | 7.09% | 7.14% | 7.19% | 2,067 |
| 5 year ARM | 7.17% | 7.22% | 7.27% | 2,164 |
| 3 year ARM | 7.74% | 7.79% | 7.84% | 2,586 |
| 30 year fixed FHA | 7.02% | 7.07% | 7.12% | 31,565 |
| 30 year fixed VA | 6.21% | 6.26% | 6.31% | 7,314 |
Source: MFP’s Community Home Refinance Rates Survey of 104,499 members in the last 30 days. Note: Since some members get more than one product quotes the total product sample is higher than users samples.
Average Refinance Rates by State
You can also find the same real self reported rates at the states level. You’ll find rates by lenders (credit unions, banks and online lenders) and by credit scores for all main refinance products.
Survey Methodology
The MFP Refinance Rates Survey reflects rates collected from homeowners in every state who refinanced their mortgage in the last 30 days. The survey is conducted on an ongoing basis among MFP users who request refinance quotes.
When homeowners indicate they have requested one or more quotes, they are invited to share the rates and fees quote(s) they received. They’re also invited to complete a short survey about their comparison and quote experience. Once they finalize a refinance with a specific lender, they are invited to complete a follow-up survey that captures more detailed feedback about their lender selection, closing experience, satisfaction, and post-closing support. This later survey is part of the MFP Refinance Lenders Survey
- Survey Scope: Responses collected in the last 30 days from 104,499 homeowners nationwide.
- Self-Reported Data: Homeowners reported the rates they received from lenders; no independent verification beyond user submission (unless than out of reasonable range entries).
- Breakdowns: Rates are presented by credit score ranges, lender type, and loan products.