Today’s Refinance Rates in Maine

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Edited byBrett Holzhauer
Edited byBrett Holzhauer

Updated: January 18, 2024

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Current Refinance Rates in Maine

MoneyGeek researched the current refinance interest rates in Maine to help you understand if refinancing your mortgage is the best option based on your situation. See the table below for the latest mortgage rates in the state.

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Mortgage Refinance Rates From Top Lenders

What Is a Good Refinance Rate in Maine?

The average refinance rates in Maine are 4.50% on a 15-year fixed-rate mortgage, 5.24% on a 30-year, and 4.29% on a 5/1 ARM, while the average rates across the U.S. are 4.45%, 5.30% and 4.19%, respectively. This shows that Maine’s homeowners pay a higher cost for a 15-year FRM and a 5/1 ARM, while a 30-year costs less than the national average.

However, it’s essential to know that a “good” rate is relative to various personal factors like your credit score, income level, loan term, loan amount, debts and more. If you want the best deal based on your situation, you should compare offers from different lenders.

In addition, interest rates change nearly daily. That’s why the lender’s estimate you receive today can differ from the one you receive a few weeks later.

Estimate Your New Monthly Mortgage Payment

MoneyGeek’s mortgage calculator can help you estimate how much you’ll pay every month after refinancing your mortgage. You can use it by entering your mortgage information and the rates given above. However, your actual rate might differ, as interest rates change daily and depend on factors like your credit score and debt-to-income ratio.

Mortgage Refinance Calculator in Maine
Make sure refinancing your existing home loan will save you money.
Updated։ Jun 13, 2024
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Frequently Asked Questions About Refinance Rates in Maine

MoneyGeek gathered the following frequently asked questions to help you understand if refinancing your mortgage is the best option based on your situation.

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