Today’s Refinance Rates in Kansas
Updated: January 18, 2024
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Current Refinance Rates in Kansas
MoneyGeek compiled current mortgage refinance rates in Kansas to help you find the best option for your situation. See our table below for up-to-date refinancing rates in Kansas.
Mortgage Refinance Rates From Top Lenders
What Is a Good Refinance Rate in Kansas?
In Kansas, mortgage rates range from 4.44% for a 15-year FRM and 5.09% for a 30-year FRM. These rates are lower than the average national rates, which are 4.67% for a 15-year FRM and 5.51% for a 30-year FRM. For a 5/1 ARM, the average Kansas rate of 4.38% is slightly higher than the national average of 4.35%.
Getting a good refinancing rate in Kansas can help you save money on interest. Still, keep in mind that a good rate is relative to profile factors like your credit score, debt-to-income ratio and loan amount. You can get the best rate for your profile by comparing rates from different lenders to find the most affordable option for your situation.
Keep in mind that mortgage rates change almost daily, so estimates from lenders can change frequently.
Estimate Your New Monthly Mortgage Payment
If you want to estimate your new monthly payments after refinancing, you can enter your mortgage information in the MoneyGeek mortgage calculator below using the above rates.
Note that rates fluctuate daily and may vary based on profile factors like your credit score and loan amount.
Frequently Asked Questions About Refinance Rates in Kansas
MoneyGeek answered frequently asked questions to help you learn more about current refinance rates in Kansas.
A good refinance rate in Kansas will depend on individual factors like the loan amount and your credit score. Compare rates from several lenders to find the best option available to you.
A bad refinance rate in Kansas is one that costs more than your current mortgage rate. Refinancing should help lower the cost of your monthly payments by reducing your interest rates. If your costs will increase, you should not refinance.
A good rate for a 30-year FRM in Kansas should be around the state average of 5.09%. Keep in mind that individual factors will also impact rates.
A good rate in Kansas for a 15-year FRM should match or beat the state’s average of 4.44%.
A good refinance interest rate on a 5/1 ARM in Kansas is one equivalent to or lower than the average rate of 4.38% in the state.
sources
- FRED. "Mortgage Rates." Accessed July 13, 2022.