Today’s Refinance Rates in New Hampshire
Updated: January 18, 2024
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Current Refinance Rates in New Hampshire
MoneyGeek compiled current refinancing rates in New Hampshire to help you decide which loan type is best for your situation. See New Hampshire's most recent average rates for different mortgages in the table below.
Mortgage Refinance Rates From Top Lenders
What Is a Good Refinance Rate in New Hampshire?
Refinance rates in New Hampshire are presently less expensive than the national averages. For instance, the state's 15-year fixed-rate mortgage (FRM) is 4.43% compared to 4.45% nationwide. The same applies for a 30-year FRM — 5.15% in New Hampshire compared to 5.30% nationwide and a 5/1 adjustable-rate mortgage (ARM) — 3.64% in New Hampshire compared to 4.19% nationwide.
To get the best available refinance rate, you need to take into account your credit score, income and debts.
Keep in mind that rates constantly fluctuate, so don't panic if a lender's estimate shifts weekly. What matters is that you compare quotes between different lenders to get the current best deal.
Estimate Your New Monthly Mortgage Payment
To get an idea of how much you'll pay each month if you decide to refinance, enter your new loan information into MoneyGeek's mortgage calculator below. Your interest rate depends on debt-to-income ratio, creditworthiness and other personal factors.
Frequently Asked Questions About Refinance Rates in New Hampshire
MoneyGeek answered commonly asked questions about mortgage refinance in New Hampshire to help you make an informed decision.
A good refinance rate should be lower than your current interest rate. The current refinance rates in New Hampshire range from 4.43% to 5.15% for a 15- and 30-year FRM. These rates are lower than the national averages. Refinancing helps you save money by lowering your monthly payments or the interest you pay over the life of your loan.
A bad refinance rate in New Hampshire is higher than the current market rate. This can happen for several reasons, including having a poor credit score. If you're stuck with a bad rate, try shopping around to see if you can find a better deal elsewhere or consider switching to ARM loans because they typically offer a lower interest rate than fixed-rate loans.
The average interest on a 30-year FRM in New Hampshire is 5.15%. That's slightly lower than the current national average of 5.30%. Any rate in line with this average is competitive.
The current refinance rate in New Hampshire for a 15-year FRM is 4.43%, which is lower than the national average.
Generally, a good refinance rate in New Hampshire is lower than the going average. 3.64% is the current average interest for a 5/1 ARM in New Hampshire.
sources
- FRED. "Mortgage Rates." Accessed July 13, 2022.