Today’s Refinance Rates in Nebraska

MoneyGeek compared the average rates in Nebraska to the national average interest rates to see whether homeowners in Nebraska are getting a good deal.

The 15-year fixed-rate mortgage (FRM) interest rate in Nebraska is currently 4.53%, higher than the national average of 4.45%. The 5/1 ARM interest rate in Nebraska at 4.61% is also above the national average of 4.19%. Meanwhile, the 30-year FRM rate in Nebraska is at 5.10%, lower than the national average of 5.30%.

A “good” mortgage rate depends on many factors, such as loan terms, credit score, income and debt. Comparing lenders ensures you’ll get the best rate for your situation. Because the numbers change almost daily, you’ll want to act fast once you’ve found a good rate.

To calculate your new monthly payments when you refinance your home, simply enter your mortgage information using the average Nebraska rates listed above.

Apart from the interest rates, you also want to consider other costs of refinancing, like mortgage terms, fees and other expenses. Personal factors such as credit score and debt-to-income ratio also affect how lenders calculate your rates.

To help you learn more about refinance rates in Nebraska, MoneyGeek answered the following frequently asked questions.