Today’s Refinance Rates in Georgia

Georgia homeowners have a $175,086 average outstanding mortgage balance and pay around $1,100 per month. Peach State homeowners may refinance their mortgage to lower monthly mortgage payments or shorten it.

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

The current refinance rates in Georgia are shown in the table below. Find out which loan option is best for you by reviewing the state’s average rates for different mortgage types.

  • 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
    6.209 %
    5.75 %
  • Conventional 7 Year ARM
    6.329 %
    5.625 %
  • null 5 Year ARM
    6.511 %
    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
    6.511 %
    5.625 %

Mortgage Refinance Rates From Top Lenders

What Is a Good Refinance Rate in Georgia?

Data from the Federal Reserve Bank of St. Louis shows that Georgia’s refinance rate for a 30-year FRM of 5.13% is less than the national average rate of 5.30%. However, Georgia’s average refinance rates for a 15-year FRM of 4.46% and 5/1 ARM of 4.13% are above the national averages of 4.45% and 4.19%, respectively.

It’s important to remember that a “good” rate is relative to various factors like loan amount, loan terms, credit score and debt-to-income ratio. Thus, it’s essential to shop around and compare quotes from multiple lenders to get the best deal for your situation.

Since interest rates fluctuate daily, you may be quoted a higher rate on a different day. Once you find the best rate, be sure to lock it in with your lender.

Estimate Your New Monthly Mortgage Payment

Use MoneyGeek’s mortgage calculator below by inputting your mortgage information and Georgia’s refinance rates included in this guide to estimate your monthly mortgage payment. Keep in mind, your actual rate will vary depending on certain factors like your 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 Georgia

MoneyGeek answered some frequently asked questions about mortgage refinance rates in Georgia to help you make an informed decision.

Read More on Mortgages

sources
  • Federal Reserve Bank of St. Louis. "Mortgage Rates." Accessed July 12, 2022.