Today’s Refinance Rates in Delaware

MoneyGeek discovered that Delaware’s refinance rates for a 15-year fixed-rate mortgage (4.38%) and 30-year fixed-rate mortgage (5.13%) are both below the national average of 4.45% and 5.30%, respectively. Meanwhile, the refinance rate for a 5/1 adjustable-rate mortgage in the state equals the current national average of 4.19%.

Qualifying for a good interest rate is essential in mortgage refinancing. However, your rate will depend on your loan term, loan amount, credit score, income and debts. Compare quotes from multiple lenders to get the best deal for your unique circumstances.

Additionally, keep a lookout for fluctuations in interest rates — they change nearly every day, so the quote you get today may differ from the rate you’ll receive in another week.

MoneyGeek’s mortgage calculator below can help you estimate how much you’ll pay monthly with a refinanced rate. Enter your mortgage information and use Delaware’s refinance rates in this guide to get started. Remember, however, that your actual rate will rely on personal factors such as credit score and debt-to-income ratio.

MoneyGeek’s answers to some frequently asked questions provide additional information on mortgage refinance rates in Delaware.