Today’s Refinance Rates in Delaware

On average, Delaware residents with mortgages owe $185,527, amounting to a $1,121 monthly payment. It may seem risky, mortgage refinancing can get you lower interest rates and make your monthly payments more affordable.

Advertising & Editorial DisclosureLast Updated: 2/3/2023
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Current Refinance Rates in Delaware

MoneyGeek collected the latest average refinance rates in Delaware to help you choose the best loan option for your particular needs. The table below includes these figures.

  • Type of Loan
    Rate
    APR
  • Conventional 30 Year Fixed
    5.25 %
    5.25 %
  • Conventional 20 Year Fixed
    5.375 %
    5.375 %
  • Conventional 15 Year Fixed
    4.646 %
    4.625 %
  • Conventional 10 Year ARM
    6.21 %
    5.75 %
  • Conventional 7 Year ARM
    6.329 %
    5.625 %
  • null 5 Year ARM
    6.512 %
    5.625 %
  • FHA 30 Year Fixed
    5.25 %
    5.25 %
  • VA 30 Year Fixed
    5.25 %
    5.25 %
  • FHA 15 Year Fixed
    4.646 %
    4.625 %
  • VA 15 Year Fixed
    4.646 %
    4.625 %
  • Jumbo 30 Year Fixed
    5.25 %
    5.25 %
  • Jumbo 15 Year Fixed
    4.646 %
    4.625 %
  • Jumbo 7 Year ARM
    6.329 %
    5.625 %
  • Jumbo 5 Year ARM
    6.512 %
    5.625 %

Mortgage Refinance Rates From Top Lenders

What Is a Good Refinance Rate in Delaware?

MoneyGeek discovered that Delaware’s refinance rates for a 15-year fixed-rate mortgage (4.38%) and 30-year fixed-rate mortgage (5.13%) are both below the national average of 4.45% and 5.30%, respectively. Meanwhile, the refinance rate for a 5/1 adjustable-rate mortgage in the state equals the current national average of 4.19%.

Qualifying for a good interest rate is essential in mortgage refinancing. However, your rate will depend on your loan term, loan amount, credit score, income and debts. Compare quotes from multiple lenders to get the best deal for your unique circumstances.

Additionally, keep a lookout for fluctuations in interest rates — they change nearly every day, so the quote you get today may differ from the rate you’ll receive in another week.

Estimate Your New Monthly Mortgage Payment

MoneyGeek’s mortgage calculator below can help you estimate how much you’ll pay monthly with a refinanced rate. Enter your mortgage information and use Delaware’s refinance rates in this guide to get started. Remember, however, that your actual rate will rely on personal factors such as credit score and debt-to-income ratio.

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

Frequently Asked Questions About Refinance Rates in Delaware

MoneyGeek’s answers to some frequently asked questions provide additional information on mortgage refinance rates in Delaware.

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