Refinance Rates Today Oct 2026: Compare Best Lenders
30-year refi ~7.35% — near 2026 highs. Refinancing pays today mainly if you're at 8%+. Compare 10+ lenders — the spread between them can save you $100+/mo.
~7.35%
30-Year Refi
~6.70%
15-Year Refi
~6.90%
FHA Stream
~6.70%
VA IRRRL
📊 Today's Refinance Rates by Loan Type
| Loan Type | Rate | APR | Change | Monthly ($350K) | Savings vs 8% |
|---|---|---|---|---|---|
| 30-Year Fixed | ~7.35% | ~7.55% | ▼ -0.08% vs Oct 15 | $2,411 | $157/mo |
| 20-Year Fixed | ~7.00% | ~7.20% | ▼ -0.05% | $2,714 | term differs |
| 15-Year Fixed | ~6.70% | ~6.90% | ▼ -0.06% | $3,087 | big int. cut |
| 10-Year Fixed | ~6.45% | ~6.65% | ▼ -0.04% | $3,965 | big int. cut |
| FHA Streamline | ~6.90% | ~7.60% | ▼ -0.07% | $2,306 | $262/mo |
| VA IRRRL | ~6.70% | ~6.95% | ▼ -0.05% | $2,259 | $309/mo |
| Cash-Out Refi | ~7.60% | ~7.85% | ▼ -0.06% | $2,472 | $96/mo |
| Jumbo Refi | ~7.50% | ~7.65% | ▼ -0.04% | $2,449 | $119/mo |
Estimates as of Oct 22, 2026 (PMMS purchase: 7.32%). 740+ credit, 80% LTV. Savings vs 8.00% current rate. *Shorter-term payments are higher but total interest is far lower. See YOUR rate →
🏆 Best Refinance Lenders Today
| # | Lender | 30-Year | 15-Year | Fees | Close | Best For |
|---|---|---|---|---|---|---|
| 1 | Better.com💰 BEST | ~7.05% | ~6.60% | $0 | 25d | Lowest rate + $0 fees |
| 2 | Rocket Mortgage⚡ FAST | ~7.20% | ~6.75% | 0.5-1% | 21d | Fastest close |
| 3 | SoFi | ~7.10% | ~6.70% | $0 | 30d | Autopay discount + perks |
| 4 | loanDepot | ~7.20% | ~6.80% | 0.5% | 25d | Lifetime refi guarantee |
| 5 | Guaranteed Rate | ~7.25% | ~6.80% | 0.5% | 21d | Rate lock + digital |
| 6 | Chase | ~7.25% | ~6.85% | 0.5% | 30d | Relationship discounts |
| 7 | PenFed CU | ~7.05% | ~6.60% | $0 | 35d | Open CU, low rate |
| 8 | Freedom Mortgage | ~7.25% | ~6.85% | $0 | 30d | FHA streamline specialist |
💰 How Much Will YOU Save? Refinance Savings by Current Rate
| Current Rate | New Rate | Monthly Savings | Annual Savings | 30-Year Savings |
|---|---|---|---|---|
| 9.00% | 7.05% | $476 | $5,712 | $171,360 |
| 8.50% | 7.05% | $351 | $4,212 | $126,360 |
| 8.00% | 7.05% | $228 | $2,736 | $82,080 |
| 7.75% | 7.05% | $167 | $2,004 | $60,120 |
| 7.50% | 7.05% | $107 | $1,284 | $38,520 |
| 7.30% | 7.05% | $60 | $720 | $21,600 |
Based on $350K loan balance, 30-year fixed. Calculate YOUR exact savings →
📉 Stuck at 8%+? Today's Refi Still Pays
30-year refi from ~7.05% (best-tier). Save $150-$476/month if your current rate is 8%+. Compare 10+ lenders.
People Also Ask (Voice Search)
“what are refinance rates today?”
October 22, 2026 refinance rates (estimates): 30-year fixed: ~7.35% (avg), range ~7.05-7.60%. 15-year: ~6.70%. FHA streamline: ~6.90%. VA IRRRL: ~6.70%. Cash-out: ~7.60%. Rates sit near 2026 highs (7.40% Oct peak) — the expected drop shifted to 2027 forecasts of 5.40-6.30%. Best rate: ~7.05% (740+ credit, 20%+ equity). Compare refi rates →
“is it worth refinancing right now?”
YES, if your current rate is 8.00%+. At $350K loan: refi from 8% to 7.05% saves $228/month ($82,080 over 30 years). Break-even: 15-26 months. Rule of thumb: refinance if you can lower rate by 0.75%+, plan to stay 3+ years, and closing costs are reasonable ($3,000-$6,000). Below 7.30%? You are at/under market — wait for the 2027 window instead.
“how low will refinance rates go in 2027?”
Forecaster consensus for 2027 clusters at 5.40-6.30% for 30-year purchase rates — refi typically runs ~0.1-0.2% higher. But the same forecasters undershot 2026 by ~1 point, so treat as directional. Strategy: if you're at 8%+, refi now and refi again in 2027 if rates deliver — you bank savings both times. Compare refi rates →
“how much does a refinance cost?”
Average closing costs: $3,000-$6,000 (1-2% of loan). Lenders with $0 fees: Better.com, SoFi, PenFed, Freedom Mortgage. No-closing-cost option: higher rate (0.25-0.50% more) but $0 upfront. On $350K refi: traditional costs $3,500-$7,000. Break-even: 12-24 months of savings. After break-even: pure profit every month.
Frequently Asked Questions
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Related Guides
📉 At 8%+? Refi Math Still Works Today
30-year: ~7.35% · 15-year: ~6.70% · Save up to $476/month
Compare 10+ lenders in 2 minutes. No obligation. See YOUR rate.
Mortgage-Info Editorial Team
Editorial & Research Team
Our editorial team researches this topic using primary sources and published lender/program data, and reviews this content regularly for accuracy.