Today’s Refinance Rates in Kansas
In Kansas, the average outstanding mortgage debt is $138,437, with the average monthly mortgage payment being $1,060, $99 cheaper than the national average. Refinancing your mortgage can help you lower your monthly payments by reducing your interest rate or increasing your loan term. Current refinance rates in Kansas, according to S&P Global data, are 4.44% for a 15-year fixed rate mortgage (FRM), 5.09% for a 30-year FRM and 4.38% for a 5/1 adjustable-rate mortgage (ARM).
If you are looking to refinance your mortgage in the Sunflower State, MoneyGeek has analyzed the most up-to-date refinancing rates in Kansas to help you find the best deal.
Current Refinance Rates in Kansas
MoneyGeek compiled current mortgage refinance rates in Kansas to help you find the best option for your situation. See our table below for up-to-date refinancing rates in Kansas.
- Type of LoanRateAPR
- Conventional 30 Year Fixed5.268 %5.25 %
- Conventional 20 Year Fixed5.375 %5.375 %
- Conventional 15 Year Fixed4.521 %4.5 %
- Conventional 10 Year ARM6.142 %5.625 %
- Conventional 7 Year ARM6.285 %5.5 %
Mortgage Refinance Rates From Top Lenders
What Is a Good Refinance Rate in Kansas?
In Kansas, mortgage rates range from 4.44% for a 15-year FRM and 5.09% for a 30-year FRM. These rates are lower than the average national rates, which are 4.67% for a 15-year FRM and 5.51% for a 30-year FRM. For a 5/1 ARM, the average Kansas rate of 4.38% is slightly higher than the national average of 4.35%.
Getting a good refinancing rate in Kansas can help you save money on interest. Still, keep in mind that a good rate is relative to profile factors like your credit score, debt-to-income ratio and loan amount. You can get the best rate for your profile by comparing rates from different lenders to find the most affordable option for your situation.
Keep in mind that mortgage rates change almost daily, so estimates from lenders can change frequently.
Estimate Your New Monthly Mortgage Payment
If you want to estimate your new monthly payments after refinancing, you can enter your mortgage information in the MoneyGeek mortgage calculator below using the above rates.
Note that rates fluctuate daily and may vary based on profile factors like your credit score and loan amount.
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Frequently Asked Questions About Refinance Rates in Kansas
MoneyGeek answered frequently asked questions to help you learn more about current refinance rates in Kansas.
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- FRED. "Mortgage Rates." Accessed July 13, 2022.