Mortgage refinance rates for October 13, 2025 were reported at an average of 6.47% for a 30-year conventional refinance and 5.66% for a 15-year conventional refinance. These are historical national averages in a report published that day—not current rates or a quote for any particular borrower. Fortune said the figures were based on the most recent Zillow data it reviewed, dated October 10, 2025. Fortune’s October 13 rate report.
Mortgage refinance rates for October 13, 2025
The following are the refinance averages reported by Fortune for October 13, based on Zillow data available as of October 10. The figures are categorized by loan type and term; they are not personalized lender offers.
| Loan type and term | Reported rate |
|---|---|
| Conventional, 30-year fixed | 6.47% |
| Conventional, 20-year | 6.55% |
| Conventional, 15-year fixed | 5.66% |
| Conventional, 10-year | 5.84% |
| Jumbo, 30-year | 7.05% |
| Jumbo, 15-year | 6.23% |
| FHA, 30-year | 6.10% |
| FHA, 15-year | 5.25% |
| VA, 30-year | 6.22% |
| VA, 15-year | 5.92% |
Source: Fortune’s report, which attributes the averages to Zillow and identifies October 10 as the latest data reviewed. A rate average does not establish the rate, APR, fees, or eligibility an individual borrower would receive.
Why nearby mortgage-rate reports show different numbers
Rate figures from different surveys should not be treated as one daily series. Freddie Mac’s Primary Mortgage Market Survey (PMMS) reports purchase-mortgage averages, not refinance-specific averages. Its archive lists 30-year and 15-year fixed purchase rates of 6.30% and 5.53% on October 9, 2025, and 6.27% and 5.52% on October 16. Freddie Mac says PMMS results are typically released on Thursdays, or on Wednesdays when Thursday is a U.S. holiday. See the Freddie Mac PMMS archive.
The Tool Desk
Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →#1 Best Overall
- Loan Amortization and Remaining Balances
- Instant Principal, Interest, Interest Only and Total Payments
- Future Values
- Date math function
The Mortgage Bankers Association’s survey offers another distinct measure. For the week ending October 10, 2025, its release reported refinance applications at 53.6% of total mortgage application activity and a 6.42% average contract rate for 30-year conforming fixed mortgages, with 0.61 points including origination fee for loans at 80% loan-to-value. That 6.42% figure is a weekly contract-rate survey measure, not a refinance-only rate or a direct substitute for Fortune’s Zillow-derived refinance average. The MBA figures are from the release published October 15, as summarized in its search-result excerpt. MBA newsroom.
Bankrate also explains that lender surveys can differ from Freddie Mac’s purchase-focused survey methodology. Bankrate’s mortgage-rate methodology context.
Rank #2
- 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 much more
- CONFIDENTLY AND EASILY SOLVES: All your clients' financial questions whether they are 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
- 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: 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: Reduce your clients' 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 batteries
How to use the historical averages in a refinance decision
Refinancing pays off an existing mortgage with a new loan. Depending on the borrower’s circumstances, people may refinance to seek a lower rate, change the loan term, move from an adjustable-rate mortgage to a fixed rate, or take cash out from home equity. Qualification and pricing can depend on credit profile, income, debt-to-income ratio, loan-to-value, and lender criteria. Fortune’s refinance overview.
The October 13 table can provide historical context, but it cannot show whether refinancing would have saved a specific homeowner money. Compare offers for the loan type and term you may qualify for, and evaluate the full costs and timeline rather than the interest rate alone.
Rank #3
- DEDICATED FUNCTION KEYS for Quick Financial Solutions: Clearly labeled function keys enable you to quickly and confidently provide financial answers and options for your clients, whether in the office, in the car or at an open house. Compare loan options and provide payment solutions to give your client choices
- INSTANT FINANCIAL PROBLEM SOLVING: Solve the financial questions your clients have whether they are buyers, investors or renters; increase your perceived professionalism and close more home sales by quickly answering real estate finance problems including remaining balances
- RESIDENTIAL REAL ESTATE FINANCE TERMS: Keys labeled in residential real estate finance terms like Loan AMT, Int, Term, PMT; Calculator is super easy to use to determine a mortgage loan that works for your client
- VERSATILE LOAN CALCULATION OPTIONS: Calculate 80:10:10 or 80:15:5 combo loans at the press of a button; check to see if ARMs or bi-weekly loans, quarterly payments or if interest-only payments are the answer; giving your client more choices
- COMES COMPLETE: Comes with a protective slide cover, quick reference guide, pocket user's guide, two long-life batteries, and 1-year warranty
- Compare like with like: Match loan type and term, then compare interest rate and APR, points, lender fees, monthly payment, and total interest over the period you expect to keep the loan.
- Account for the new term: A lower payment may result from extending repayment, not just from a better rate. Consider how the new payoff date affects total interest.
- Include cash-out and eligibility: If taking equity out or switching loan programs, compare the resulting balance and costs as well as the rate.
- Calculate your break-even: Divide your actual refinance costs by the monthly savings to estimate how long it takes to recover upfront costs. Use your own loan estimates and expected time in the home; if you sell or refinance again before that point, the projected savings may not materialize.
Closing costs and affordability context
Fortune gives a general refinance closing-cost estimate of 2% to 6% of the loan amount. Its illustration puts costs at $6,000 to $18,000 for a $300,000 loan; actual costs vary by transaction and lender. Compare written loan estimates rather than assuming the illustration applies to your case. Fortune’s explanation of refinance closing costs.
A one-percentage-point rate reduction is sometimes cited as a refinancing guideline, but it is not a universal threshold: the costs, remaining loan term, expected time in the home, and new loan structure all affect the result.
Rank #4
- 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
Affordability concerns were also part of the mortgage backdrop. In Bankrate’s October 1, 2025 report, Lisa Sturtevant, chief economist at Bright MLS, said: “We will need to see further drops in mortgage rates and much slower home price growth, or even home price declines, to make a dent in affordability.” Bankrate’s October 1 report.
Quick Recap
Best Value
- Extra large 12-digit angled display.
- Loan Wizard.
- Automatic Tax Keys.
- Selectable decimal setting.
- Input any three loan variables to compute the fourth.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
Quick wins for a faster PC:
Clear out junk files and repair common Windows errorsFree Scan →Fix the driver behind crashes, sound loss and screen glitchesFind Drivers →Repair Windows errors before they cause bigger problemsFix Now →
