Today’s Refinance Rates in South Dakota

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Edited byEmma Thomas

Updated: January 18, 2024

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Current Refinance Rates in South Dakota

To provide you with the most up-to-date information to assist you in choosing the best loan for your circumstances, MoneyGeek gathered the latest refinance rates in South Dakota. The table below shows the most recent average rates in South Carolina.


Mortgage Refinance Rates From Top Lenders


What Is a Good Refinance Rate in South Dakota?

In South Dakota, the average mortgage rate is 4.33% for a 15-year FRM, 4.98% for a 30-year FRM and 4.43% for a 5/1 ARM.

The state average rates for a 15-year FRM and a 30-year FRM are lower than FRED’s reported national average of 4.45% and 5.30%, respectively. However, the state average for a 5/1 ARM is higher than the national average of 4.19%.

Loan terms, loan amount, credit score, income, debts and other factors affect what’s considered to be a "good" interest rate. Comparing rates from various lenders increases your chances of discovering the best rate that works for you.

Mortgage refinancing rates change on a daily basis. Today’s rates are most likely to be different from next week’s rates.

Estimate Your New Monthly Mortgage Payment

To estimate your monthly payment, enter your mortgage information and the current rates we've listed above. Remember that rates frequently change. Additionally, your lender might offer a different rate depending on factors like your credit rating and debt-to-income ratio.


Frequently Asked Questions About Refinance Rates in South Dakota

To help you find the best rates for your needs, MoneyGeek answered the typical inquiries about refinance rates in South Dakota.

A good refinance rate depends on many factors, both financial and personal. So, it’s best to look for a rate that fits your circumstances.

A bad refinance rate is relative as factors such as your loan amount, income, debts, etc., will come into play.

You can refer to the state average interest rate of 4.98% for a 30-year FRM to decide whether your rate is good or not.

The average interest rate of 4.33% for a 15-year FRM in South Dakota is a reasonable baseline for finding a good refinance interest rate.

There’s no set number for a good interest rate, but the average rate for a 5/1 ARM in South Dakota is 4.43%.