Today’s Refinance Rates in District of Columbia

In the District of Columbia, residents with a mortgage have an average outstanding balance of $421,499, the highest in the country. Most homeowners consider refinancing their mortgages to reduce monthly payments through lower interest rates.

Based on S&P Global’s data, the average mortgage rates in D.C. range from 3.88% to 4.85% for 15- and 30-year fixed-rate loans and 5/1 adjustable-rate loans. MoneyGeek looked into the current refinance rates in the District of Columbia to help you find the best deal for your needs.

Advertising & Editorial DisclosureLast Updated: 1/25/2023
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Current Refinance Rates in the District of Columbia

To help you choose the best loan option for you, MoneyGeek listed the latest refinance rates in the District of Columbia for different mortgage types in the table below.

  • Type of Loan
    Rate
    APR
  • Conventional 30 Year Fixed
    5.264 %
    5.25 %
  • Conventional 20 Year Fixed
    5.375 %
    5.375 %
  • Conventional 15 Year Fixed
    4.521 %
    4.5 %
  • Conventional 10 Year ARM
    6.137 %
    5.625 %
  • Conventional 7 Year ARM
    6.28 %
    5.5 %
  • null 5 Year ARM
    6.451 %
    5.5 %
  • FHA 30 Year Fixed
    5.264 %
    5.25 %
  • VA 30 Year Fixed
    5.264 %
    5.25 %
  • FHA 15 Year Fixed
    4.521 %
    4.5 %
  • VA 15 Year Fixed
    4.521 %
    4.5 %
  • Jumbo 30 Year Fixed
    5.264 %
    5.25 %
  • Jumbo 15 Year Fixed
    4.521 %
    4.5 %
  • Jumbo 7 Year ARM
    6.28 %
    5.5 %
  • Jumbo 5 Year ARM
    6.451 %
    5.5 %

Mortgage Refinance Rates From Top Lenders

What Is a Good Refinance Rate in the District of Columbia?

Currently, refinance rates in the District of Columbia are 4.05% for a 15-year fixed-rate mortgage (FRM), 4.85% for a 30-year FRM and 3.88% for a 5/1 adjustable-rate mortgage (ARM). According to the Federal Reserve Bank of St. Louis, these are below the national averages of 4.45%, 5.3% and 4.19%, respectively.

Keep in mind that a “good” interest rate is subjective and relies on certain factors such as loan term, loan amount and credit score. That’s why it’s important to shop around and compare quotes from different lenders to get the best deal possible.

Don’t waste the opportunity once you find a desirable rate for your situation. Since interest rates are often changing, you won’t know when low rates will come your way again.

Estimate Your New Monthly Mortgage Payment

Use MoneyGeek’s mortgage calculator below to get a ballpark figure for your new monthly mortgage payment. Start by providing your mortgage information and use the District of Columbia’s refinance rates in this guide. Note that the actual rate you’ll receive will differ from our estimate due to personal factors like 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 the District of Columbia

MoneyGeek answered some frequently asked questions about mortgage refinance rates in the District of Columbia to help you form a wise financial decision about refinancing your home.

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