Today’s Refinance Rates 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.

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.

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