Today’s Refinance Rates in North Dakota

The current refinance rates in North Dakota — 4.35% for a 15-year FRM, 4.96% for a 30-year FRM and 3.90% for a 5/1 ARM — are lower than the national averages. Homeowners in North Dakota owe an average of $162,774 on their mortgages, with a monthly payment of $1,052. Refinancing can make their premiums more affordable by modifying the terms.

Edited by Matt Whittle

Updated: November 4, 2024

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WHAT WE’RE GEEKING OUT ON:

Current Refinance Rates in North Dakota
Refinance Rates From Top Lenders
What Is a Good Refinance Rate in North Dakota?
Estimate Your New Monthly Mortgage Payment
Frequently Asked Questions About Refinance Rates in North Dakota

Mortgage Refinance Rates From Top Lenders

What Is a Good Refinance Rate in North Dakota?

The current refinance rates in North Dakota are lower than the national average. Compared to North Dakota's 4.35%, the national average interest rate on a 15-year fixed-rate mortgage (FRM) is 4.92%. The average interest rate on a 30-year fixed-rate mortgage (5.81% nationally compared to 4.96% in the state) and a 5/1 adjustable-rate mortgage (4.41% nationally compared to 3.90% in North Dakota) follow the same trends.

Keep in mind that a "good rate" depends on several factors, including loan terms, loan size, credit score, income and current debts.

Mortgage interest rates are also subject to daily fluctuations — if a lender's estimate shifts over one week, do not be alarmed. Comparing quotes from many lenders is crucial to ensure that you're obtaining the best possible rate.

Estimate Your New Monthly Mortgage Payment

Calculate your monthly mortgage payment with the help of the MoneyGeek mortgage calculator below. Enter your mortgage details and the average rates for North Dakota. Remember that your rate may change based on personal factors like your debt-to-income ratio and credit score.

Mortgage Refinance Calculator in North Dakota

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Frequently Asked Questions About Refinance Rates in North Dakota

MoneyGeek has compiled the most frequently asked questions regarding mortgage refinance rates in North Dakota to help you make a more informed choice about refinancing your home.

What is a good refinance rate in North Dakota?

Your individual profile and market trends will determine a good refinancing rate in North Dakota. You can use the average rates found in the article or answers in this section to help make a better judgment.

What is a bad refinance rate in North Dakota?

When your refinance quote costs more than your current mortgage, it is typically a bad rate. Use the interest rate on your initial mortgage as a guide.

What is a good refinance interest rate on a 30-year fixed-rate mortgage in North Dakota?

The average interest rate for a 30-year fixed-rate mortgage in North Dakota is 4.96%. Rates that are the same as or less than this figure are acceptable.

What is a good refinance interest rate on a 15-year fixed-rate mortgage in North Dakota?

If you're trying to decide if you're getting a good deal or not, use North Dakota's average refinancing rate, which is 4.35% for a 15-year FRM, as a basis.

What is a good refinance interest rate on a 5/1 adjustable-rate mortgage in North Dakota?

In North Dakota, the average interest rate on a 5/1 adjustable-rate mortgage is 3.90%. If your interest rate is comparable to or lower than this average, you're probably receiving an excellent offer.