Today’s Refinance Rates in Iowa

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Edited byMorgan Hull
Edited byMorgan Hull

Updated: January 18, 2024

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Current Refinance Rates in Iowa

MoneyGeek compiled up-to-date refinance rates in Iowa to help you find the best rates for your needs and profile. You can compare the latest average rates in Iowa in the table below.

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Mortgage Refinance Rates From Top Lenders

What Is a Good Refinance Rate in Iowa?

The current mortgage interest rates in Iowa are 4.26% for a 15-year FRM, 4.99% for a 30-year FRM and 4.02% for a 5/1 ARM. Compared to the national average rates of 4.45% for a 15-year FRM, 5.30% for a 30-year FRM and 4.19% for a 5/1 ARM, mortgage rates in Iowa are lower.

Since mortgage rates vary depending on factors like your income, credit score and loan amount, what constitutes a “good” rate is subjective. Comparing rates from different lenders is the best way to guarantee that you get the best rate for your profile and unique situation.

It’s also important to note that mortgage rates fluctuate daily, so the estimate you receive one day might be completely different a few days later.

Estimate Your New Monthly Mortgage Payment

To estimate your new monthly mortgage payment, you can use MoneyGeek’s mortgage calculator below. Simply input your mortgage information using the rates above to receive an estimate.

Note that rates fluctuate daily and will also depend on various personal factors, including credit score, mortgage term, loan amount and debt-to-income ratio.

Mortgage Refinance Calculator in Iowa
Make sure refinancing your existing home loan will save you money.
Updated։ Jun 14, 2024
Fact Checked
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You can’t save on your monthly payment or your mortgage interest by refinancing.
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Frequently Asked Questions About Refinance Rates in Iowa

MoneyGeek answered some of the most commonly asked questions below to help you learn more about current mortgage refinance rates in Iowa.

What is a good refinance rate in Iowa?
What is a bad refinance rate in Iowa?
What is a good refinance interest rate on a 30-year fixed-rate mortgage in Iowa?
What is a good refinance interest rate on a 15-year fixed-rate mortgage in Iowa?
What is a good refinance interest rate on a 5/1 adjustable-rate mortgage in Iowa?
sources
  • Federal Reserve Bank of St. Louis. "Mortgage Rates." Accessed July 12, 2022.