Today’s Refinance Rates in Ohio

MoneyGeek gathered the latest refinance rates in Ohio to help you choose which loan option is the best for your needs and budget. The table below breaks down the state’s current rates for various mortgage types and terms.

MoneyGeek’s research shows that the average mortgage rates in Ohio are:

• 4.58% for a 15-year FRM
• 5.21% for a 30-year FRM
• 4.59% for a 5/1 ARM

Data from The Federal Reserve Bank of St. Louis indicates that the national average mortgage rates are:

• 4.45% for a 15-year FRM
• 5.30% for a 30-year FRM
• 4.19% for a 5/1 ARM

Based on that, a 15-year FRM and a 5/1 ARM are more expensive in Ohio than the national average, while a 30-year FRM is cheaper.

A “good” rate is subjective and contingent on your loan amount, loan term, credit score, income and other factors. To get the best rates for your situation, we recommend shopping around and comparing lenders.

Mortgage refinance rates in Ohio change almost every day, so the quote you receive today from one provider may change significantly a week later.

Use MoneyGeek’s mortgage calculator to estimate how much you’ll pay for your mortgage refinancing. Enter your mortgage details and Ohio’s current refinance rates. Remember that interest rates change on an almost daily basis and depend on your loan preferences, credit score, income and other personal factors.

MoneyGeek answered some commonly asked questions about refinancing rates in Ohio to help you know more about the topic.