Today’s Refinance Rates in South Dakota

In South Dakota, the average mortgage rate is 4.33% for a 15-year FRM, 4.98% for a 30-year FRM and 4.43% for a 5/1 ARM.

The state average rates for a 15-year FRM and a 30-year FRM are lower than FRED’s reported national average of 4.45% and 5.30%, respectively. However, the state average for a 5/1 ARM is higher than the national average of 4.19%.

Loan terms, loan amount, credit score, income, debts and other factors affect what’s considered to be a "good" interest rate. Comparing rates from various lenders increases your chances of discovering the best rate that works for you.

Mortgage refinancing rates change on a daily basis. Today’s rates are most likely to be different from next week’s rates.

To estimate your monthly payment, enter your mortgage information and the current rates we've listed above. Remember that rates frequently change. Additionally, your lender might offer a different rate depending on factors like your credit rating and debt-to-income ratio.

To help you find the best rates for your needs, MoneyGeek answered the typical inquiries about refinance rates in South Dakota.