Today’s Refinance Rates in North Dakota

Banner image
Edited byMatt Whittle

Updated: January 18, 2024

Advertising & Editorial Disclosure

Current Refinance Rates in North Dakota

To aid you in choosing the most advantageous loan option, MoneyGeek has collected current refinancing interest rates for North Dakota. Please see our table below for the most recent average rates in the state.


Mortgage Refinance Rates From Top Lenders


What Is a Good Refinance Rate in North Dakota?

The current refinance rates in North Dakota are lower than the national average. Compared to North Dakota's 4.35%, the national average interest rate on a 15-year fixed-rate mortgage (FRM) is 4.92%. The average interest rate on a 30-year fixed-rate mortgage (5.81% nationally compared to 4.96% in the state) and a 5/1 adjustable-rate mortgage (4.41% nationally compared to 3.90% in North Dakota) follow the same trends.

Keep in mind that a "good rate" depends on several factors, including loan terms, loan size, credit score, income and current debts.

Mortgage interest rates are also subject to daily fluctuations — if a lender's estimate shifts over one week, do not be alarmed. Comparing quotes from many lenders is crucial to ensure that you're obtaining the best possible rate.

Estimate Your New Monthly Mortgage Payment

Calculate your monthly mortgage payment with the help of the MoneyGeek mortgage calculator below. Enter your mortgage details and the average rates for North Dakota. Remember that your rate may change based on personal factors like your debt-to-income ratio and credit score.


Frequently Asked Questions About Refinance Rates in North Dakota

MoneyGeek has compiled the most frequently asked questions regarding mortgage refinance rates in North Dakota to help you make a more informed choice about refinancing your home.

Your individual profile and market trends will determine a good refinancing rate in North Dakota. You can use the average rates found in the article or answers in this section to help make a better judgment.

When your refinance quote costs more than your current mortgage, it is typically a bad rate. Use the interest rate on your initial mortgage as a guide.

The average interest rate for a 30-year fixed-rate mortgage in North Dakota is 4.96%. Rates that are the same as or less than this figure are acceptable.

If you're trying to decide if you're getting a good deal or not, use North Dakota's average refinancing rate, which is 4.35% for a 15-year FRM, as a basis.

In North Dakota, the average interest rate on a 5/1 adjustable-rate mortgage is 3.90%. If your interest rate is comparable to or lower than this average, you're probably receiving an excellent offer.

  • Federal Reserve Bank of St. Louis. "Mortgage Rates." Accessed July 13, 2022.