Today’s Refinance Rates in Louisiana

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Edited byLilian Mironga

Updated: January 18, 2024

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Current Refinance Rates in Louisiana

MoneyGeek reviewed the most current refinance rates in Louisiana to help you figure out which mortgage loan option will best suit your needs. You can compare average refinancing rates in the table below.


Mortgage Refinance Rates From Top Lenders


What Is a Good Refinance Rate in Louisiana?

Refinance rates in Louisiana are typically lower than the current national mortgage rates. The average interest rates in the nation are 4.45% for a 15-year fixed-mortgage rate (FRM), 5.30% for a 30-year FRM and 4.19% for a 5/1 adjustable-rate mortgage (ARM). In contrast, current refinance interest rates in Louisiana are 4.41%, 5.08% and 3.97%, respectively, for the same mortgages.

A good refinance rate in Louisiana is relative to your particular situation. Rates typically vary based on individual factors like credit score and debt-to-income ratio. Comparing quotes from several lenders will help you get the best refinance rates in Louisiana for your unique profile.

Keep in mind that refinance rates are subject to constant fluctuations, so estimates from mortgage lenders can change from day to day.

Estimate Your New Monthly Mortgage Payment

You can use MoneyGeek's mortgage calculator below to estimate your new monthly payments. Enter your mortgage information into the calculator and use Louisiana's average rates above for an estimate.

Remember that refinance rates can change daily. Personal factors like your credit score, debt-to-income ratio and the loan amount will also impact rates.


Frequently Asked Questions About Refinance Rates in Louisiana

MoneyGeek answered commonly asked questions below to help you learn more about current refinance rates in Louisiana.

A good refinance rate in Louisiana will depend on your unique situation and the prevailing market rates. Current refinance rates in Louisiana range from 3.97% (5/1 ARM) to 5.08% (30-year FRM).

A bad refinance rate in Louisiana will make your mortgage payments more expensive. Refinancing your mortgage should help lower your interest or adjust your loan term for lower monthly payments.

A good refinance rate in Louisiana for a 30-year FRM should be around 5.08%. However, personal factors like your credit score will also impact what a good rate is for you.

A good refinance rate on a 15-year FRM in Louisiana is around 4.41%. Note that rates can fluctuate daily and may vary based on your unique profile.

In Louisiana, a good refinance interest rate on a 5/1 adjustable-rate mortgage is 3.97%.