Mortgage Refinance Rates Hold Above 6% — and Homebuyers Still Won’t Call That “Good”
The average 30-year fixed refinance rate stood at 6.24% as of Feb. 9, according to Zillow data cited by Fortune. Government-backed FHA and VA refinance rates were lower at 5.89% and 5.80%. Jumbo 30-year refinance rates averaged 7.04%. Some lenders continued to post rates below 6%, but most borrowers faced higher costs.