Today’s Refinance Rates in the District of Columbia

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Edited byScott Strandberg
Edited byScott Strandberg

Updated: January 18, 2024

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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.

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Mortgage Refinance Rates From Top Lenders

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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.

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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.

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