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The available Dec. 27, 2024 report gives a national 30-year fixed refinance average of 7.14%, but the individual state rates from the title’s state table could not be verified. That national figure is useful context—not a substitute for your state’s rate or a lender quote.
What were refinance rates by state on Dec. 27, 2024?
The state-by-state figures are not available in the accessible record of Investopedia’s article, “Today’s Refinance Rates by State: Dec. 27, 2024.” No state rates can be reported reliably here, and the national averages below should not be read as estimates for any particular state.
What national refinance averages were reported that day?
Investopedia’s companion report listed these national averages on Dec. 27, 2024. The 30-year fixed average fell 0.05 percentage point that day.
| Loan type | National average rate |
|---|---|
| 30-year fixed | 7.14% |
| FHA 30-year fixed | 6.29% |
| VA 30-year fixed | 6.46% |
| 20-year fixed | 7.08% |
| 15-year fixed | 6.08% |
| FHA 15-year fixed | 6.09% |
| 10-year fixed | 6.38% |
| 7/6 ARM | 7.29% |
| 5/6 ARM | 6.84% |
| Jumbo 30-year fixed | 6.96% |
| Jumbo 15-year fixed | 6.77% |
| Jumbo 7/6 ARM | 7.08% |
| Jumbo 5/6 ARM | 7.50% |
These are national averages reported by Investopedia, not current rates and not guaranteed offers. Investopedia said the averages came from the Zillow Mortgage API and assumed an 80% loan-to-value ratio and a borrower credit score of 680–739. Your quote may differ based on your finances, property, loan and lender.
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Why can your refinance quote differ from an advertised rate?
A headline teaser rate may reflect a particularly favorable borrower profile, require discount points paid up front, or assume a smaller loan than yours. A daily average for a less common loan type can also move sharply if it is based on a small sample. The published average and the lowest advertised rate are therefore not necessarily comparable.
How to compare refinance offers
Ask lenders for quotes using the same loan type and term, then compare the rate alongside points and fees. Check that the loan-to-value and credit assumptions match your situation, and consider how each offer changes your total payment. Shopping multiple lenders can help you see what is actually available to you; rates vary by lender.
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Source
Investopedia, “Mortgage Refinance Rates Tick Down From Recent 5-Month High — Dec. 27, 2024”. The companion report provides the national averages and methodology; the state-level values from “Today’s Refinance Rates by State: Dec. 27, 2024” could not be verified.
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- The mortgage is a huge part of buying a house and you should know your options, figure your monthly payments (using mortgage calculator), understand the different mortgage loan types, learn what is emi and mortgage insurance etc.
- This mini-course is also crucial If you already have a mortgage because you must understand the terms of your mortgage and check if you should refinance your mortgage (We live in a time in which refinancing can often save a lot of money because of the low interest rates).
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- SPEAKS YOUR LANGUAGE: Keys clearly labeled in residential mortgage finance terms like Loan Amt, Int, Term, Pmt; this industry-standard calculator is super easy to use on all realty financing matters from finding a loan that works for your client to considering trust deeds investments, or finding remaining balances or balloon payments and more
- CONFIDENTLY AND EASILY SOLVE: Clients' financial questions whether they're buyers, sellers, investors or renters. Increase your perceived professionalism as a new agent, experienced broker or seasoned loan officer. Close more home sales and impress your clients with fast, accurate answers to all their real estate finance questions from PITI Payments to IRR, NPV and Cashflows
- DEDICATED BUYER QUALIFYING KEYS: Enter client's income, debt and expenses to pre-qualify them to only show properties they can afford. Include tax, insurance and mortgage insurance then compare loan options and payment solutions to give your client choices before they make an offer to buy
- FIGURE OUT THE RIGHT LOAN: For your client at the press of a button for jumbo, conventional, FHA/VA, or even 80:10:10 or 80:15:5 combo loans; check to see if ARMs or bi-weekly loans, quarterly payments or if interest-only payments are the answer; giving your client more choices; easily perform what if loan or TVM calculations find loan amount, term, interest or PITI or PI payments
- BECOME AN INVALUABLE RESOURCE: To your clients by reducing their confusion and uncertainty; ensuring they are able to make a purchase offer; knowing they can afford the down payment; and determining which is the right loan for them. Date-math for listings and contracts too. Comes with a protective slide cover, quick reference guide, pocket user's guide, and long-life battery
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