Refinance rates in Montana are currently lower than the national average. A 15-year fixed-rate mortgage (FRM) has an interest rate of 4.3% in Montana, which is below the national average of 4.67%. A 30-year FRM in this state is currently at 5.03%, lower than the national average of 5.51%. Meanwhile, a 5/1 ARM has an average interest rate of 4.07% in Montana, much lower than the national rate of 4.35%.
Lenders weigh factors differently, which means shopping around and comparing offers allows you to find the cheapest rates available for your profile. A “good” interest rate depends on various personal factors, including credit scores, income, debt, etc.
Rates can change on a daily basis, with market conditions and fiscal policy contributing to the fluctuations. Make sure to act fast and lock in a rate when you’re able to find a good one.
