Today’s Refinance Rates in Alabama

Updated: February 6, 2023

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Mortgage Refinance Rates From Top Lenders

What Is a Good Refinance Rate in Alabama?

Refinance rates in Alabama are currently more affordable than the national average. FRED’s economic data revealed that the national mortgage rates are 4.45% for a 15-year fixed-rate mortgage (FRM), 5.3% for a 30-year FRM and 4.19% for a 5/1 adjustable-rate mortgage (ARM). For the same loan types, current rates in Alabama are respectively 4.34%, 5.09% and 3.48%.

Please note that a “good” rate depends on different factors, including your credit score, income, loan amount, debts and terms. It’s normal for mortgage rates to change daily, meaning that this week’s rates can vary significantly from next week’s.

Be sure to compare rates between different lenders in Alabama. When you find a great deal, it’s best to act quickly to get a desirable rate for your needs.

Estimate Your New Monthly Mortgage Payment

Get a glimpse of what your monthly mortgage payment in Alabama could be using MoneyGeek’s mortgage calculator. Just input your mortgage details. Again, rates fluctuate and depend on personal factors like your debt-to-income ratio and credit score.

Edit your mortgage details
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Total monthly payment$1,271
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Total monthly payment$1,271

Frequently Asked Questions About Refinance Rates in Alabama

To guide you through the process, MoneyGeek answered commonly asked questions about mortgage refinance rates in Alabama.

What is a good refinance rate in Alabama?
What is a bad refinance rate in Alabama?
What is a good refinance interest rate on a 30-year fixed-rate mortgage in Alabama?
What is a good refinance interest rate on a 15-year fixed-rate mortgage in Alabama?
What is a good refinance interest rate on a 5/1 adjustable-rate mortgage in Alabama?
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