Shan Ahmed Khan

Shan Ahmed Khan is a senior markets reporter at TS2.tech, specializing in stocks, technology and macroeconomic trends. A graduate of the Lahore University of Management Sciences (LUMS), he previously worked in investment research and market analysis. His coverage helps readers understand the key developments influencing global financial markets and emerging industries.

Mortgage Refinance Rates Hold Above 6% — and Homebuyers Still Won’t Call That “Good”

Mortgage Refinance Rates Hold Above 6% — and Homebuyers Still Won’t Call That “Good”

Refinancing still isn’t cheap for U.S. homeowners. The average 30-year fixed refi rate clocks in at 6.24%, according to Zillow figures cited by Fortune. Jumbo 30-year refinance rates? Those hit 7.04%. As for government-backed loans, 30-year FHA and VA refi rates are at 5.89% and 5.80%, respectively. Fortune notes closing costs typically land in the 2% to 6% range. The math only works out for most borrowers when the new rate undercuts the old one by about a full point.
10 February 2026
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