Today’s Refinance Rates in Idaho

MoneyGeek collected the latest mortgage refinance rates in Idaho to help you determine the loan option best suited for your needs. Review the table below for the state’s current average rates for different mortgage types.

Using FRED’s economic data, MoneyGeek found that Idaho’s refinance rates for a 15-year fixed-rate mortgage (FRM) and 5/1 adjustable-rate mortgage (ARM) are above the national average of 4.45% and 4.19%, at 4.50% and 4.54%, respectively. On the other hand, the refinance rate for a 30-year FRM in the state is 5.26%, which is below the national average of 5.30%.

When refinancing your mortgage, getting a good interest rate is important. However, a “good” rate is subjective. Certain factors like your loan term, loan amount, credit score, income and debts play a significant role in determining your rate.

It’s best to compare quotes from different lenders to get the best deal. Keep in mind that mortgage rates change nearly every day, so the one you get today may be different from what you’ll receive next week.

Enter your mortgage information and Idaho’s refinance rates above in MoneyGeek’s mortgage calculator to get an estimate of how much you’ll pay monthly with a refinanced rate. Keep in mind that your actual rate will ultimately depend on factors like your credit score and debt-to-income ratio.

To help you learn more about mortgage refinance rates in Idaho, MoneyGeek provided answers to some frequently asked questions below.