Today’s Refinance Rates in Idaho

Updated: November 1, 2024

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Mortgage Refinance Rates From Top Lenders

What Is a Good Refinance Rate in Idaho?

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.

Estimate Your New Monthly Mortgage Payment

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.

Mortgage Refinance Calculator in Idaho
Make sure refinancing your existing home loan will save you money.
Updated։ Nov 07, 2024
Fact Checked

By Mandy Sleight, Licensed Insurance Agent

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Frequently Asked Questions About Refinance Rates in Idaho

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

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