Today’s Refinance Rates in Nevada
Updated: January 18, 2024
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Current Refinance Rates in Nevada
MoneyGeek compiled Nevada refinancing rates to help find your ideal loan. Explore the most current Nevada average rates for various types and terms of mortgages in the table below.
Mortgage Refinance Rates From Top Lenders
What Is a Good Refinance Rate in Nevada?
For a 15-year fixed-rate mortgage (FRM), FRED's economic data shows that Nevada's average interest rate (4.55%) is higher than the national average (4.45%). The interest rate on a 30-year fixed-rate mortgage in the state is 5.31%, which is higher than the national average of 5.30%. The average interest rate on a 5/1 ARM in Nevada is 4.46%, but the national average is lower at 4.19%.
A "good rate" depends on the borrower's individual situation — factors like loan term and amount, along with credit score and income, can affect rates. Mortgage interest rates are also constantly changing. The estimate you receive one day from one lender might be different a week later.
Finally, comparing quotes from many lenders is essential to ensuring that you're getting the best possible interest rate.
Estimate Your New Monthly Mortgage Payment
MoneyGeek's mortgage calculator can help you estimate refinanced monthly payments. Use Nevada's current refinance rates in the calculation. Your actual rate may vary based on your debt-to-income ratio or credit score.
Frequently Asked Questions About Refinance Rates in Nevada
MoneyGeek compiled the most frequently asked questions about mortgage refinance rates in Nevada to help you make an informed decision about refinancing your mortgage.
A "good" Nevada refinance rate depends on the loan type, credit score and market conditions.
In Nevada, a bad refinance rate rises considerably over the current market rate or your existing mortgage rate. High refinance rates can occur for several reasons, such as shifting market conditions or drops in your credit score.
Currently, the best rate to refinance a 30-year fixed-rate mortgage in Nevada is 5.31%. Customers can consider interest rates below this figure as good.
Currently, the average 15-year fixed-rate mortgage refinancing interest rate in Nevada is 4.55%. Any rate within this range would be competitive and may ultimately save you money.
For a 5/1 adjustable-rate mortgage in Nevada, the average refinancing interest rate is currently 4.46%.
sources
- Federal Reserve Bank of St. Louis. "Mortgage Rates." Accessed July 13, 2022.