Today’s Refinance Rates in Colorado

It's common for homeowners to refinance their mortgage if they want to shorten their loan term or lock in a lower interest rate. Colorado has the eighth most expensive average mortgage rate at roughly $1,342 per month. This is $183 more than the national average.

Using data from S&P Global, MoneyGeek gathered the most up-to-date refinance rates in The Centennial State. Mortgage refinance rates in Colorado are 4.22% on a 15-year fixed-rate mortgage (FRM), 5.03% on a 30-year FRM and 4.35% on a 5/1 adjustable-rate mortgage (ARM). Our guide on Colorado's refinance rates will help you get a reasonable deal.

Advertising & Editorial DisclosureLast Updated: 1/25/2023
Edited By     |  

Current Refinance Rates in Colorado

To help you find the best loan option for your financial needs, MoneyGeek compiled current refinance rates in Colorado. See the table below for terms and rates that best fit your situation.

  • Type of Loan
    Rate
    APR
  • Conventional 30 Year Fixed
    5.274 %
    5.25 %
  • Conventional 20 Year Fixed
    5.375 %
    5.375 %
  • Conventional 15 Year Fixed
    4.539 %
    4.5 %
  • Conventional 10 Year ARM
    6.145 %
    5.625 %
  • Conventional 7 Year ARM
    6.325 %
    5.625 %
  • null 5 Year ARM
    6.46 %
    5.5 %
  • FHA 30 Year Fixed
    5.274 %
    5.25 %
  • VA 30 Year Fixed
    5.274 %
    5.25 %
  • FHA 15 Year Fixed
    4.539 %
    4.5 %
  • VA 15 Year Fixed
    4.539 %
    4.5 %
  • Jumbo 30 Year Fixed
    5.274 %
    5.25 %
  • Jumbo 15 Year Fixed
    4.539 %
    4.5 %
  • Jumbo 7 Year ARM
    6.325 %
    5.625 %
  • Jumbo 5 Year ARM
    6.46 %
    5.5 %

Mortgage Refinance Rates From Top Lenders

What Is a Good Refinance Rate in Colorado?

The Federal Reserve Bank of St. Louis released data on national going rates — 4.45% on a 15-year FRM, 5.3% on a 30-year FRM and 4.19% on a 5/1 ARM. Colorado's estimates are cheaper at 4.22% on a 15-year FRM and 5.03% on a 30-year FRM. However, the average interest rate on a 5/1 ARM in Colorado is slightly higher at 4.35%.

A "good" rate depends on your financial situation. If you're looking to refinance your mortgage, assess your loan terms, loan amount, credit score, income and debts to find a good deal in Colorado. MoneyGeek strongly recommends comparing quotes from different lenders to lock in the best possible rate for your situation.

It's important to note that mortgage interest rates shift nearly every day. Consequently, your estimate from a lender today may drastically differ in a week.

Estimate Your New Monthly Mortgage Payment

If you need help estimating your mortgage refinance payment, input your mortgage information into MoneyGeek's calculator. Remember, rates vary almost daily and depend on personal factors such as your credit score and loan amount.

Edit your mortgage details
$898
Total monthly payment$1,271
$898
+
+
+
Total monthly payment$1,271

Frequently Asked Questions About Refinance Rates in Colorado

If you're still on the fence about refinancing your mortgage in Colorado, MoneyGeek answered the most frequently asked questions.

Read More on Mortgages

sources