Today’s Refinance Rates in Texas

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Edited byBrett Holzhauer
Edited byBrett Holzhauer

Updated: January 18, 2024

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Current Refinance Rates in Texas

For Texas homeowners looking to refinance their mortgage, MoneyGeek has compiled the most accurate mortgage refinance rates available. You can find Texas's current average refinance rates in the table below.

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Mortgage Refinance Rates From Top Lenders

What Is a Good Refinance Rate in Texas?

Compared to the national average interest rates, Texas' current refinance rates are lower. For a 15-year fixed-rate loan, 4.92% is the current national average rate, while Texas only has 4.25%. 30-year fixed-rate loan stands at 5.81% on the national average and only 5.06% in the state. Meanwhile, a 5/1 ARM has a 4.41% rate nationwide whereas only 4.14% statewide.

The definition of a good interest rate on a mortgage is subjective as it depends on several variables such as the length and amount of the loan, credit score and income-to-debt ratio. To ensure you're getting the best deal according to your unique profile, it's imperative to shop around for several lenders and compare their available rates.

Furthermore, interest rates for mortgages fluctuate daily. This means that the quote given to you by a lender can change quickly. So, if you find a refinance rate in Texas that you're comfortable with, don't wait too long.

Estimate Your New Monthly Mortgage Payment

Below is MoneyGeek's mortgage refinance payment calculator that can estimate your new monthly payment. Utilize Texas' average rates that we provided when entering your mortgage information. Note that several factors can impact interest rates, including credit score, mortgage term, loan amount and debt-to-income ratio. So, be aware of them when calculating your mortgage interest rates.

Mortgage Refinance Calculator in Texas
Make sure refinancing your existing home loan will save you money.
Updated։ Jun 13, 2024
Fact Checked
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You can’t save on your monthly payment or your mortgage interest by refinancing.
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Frequently Asked Questions About Refinance Rates in Texas

For a better understanding of what you need to know about refinancing your home, MoneyGeek compiled the most frequently asked questions about Texas mortgage refinance rates.

What is a good refinance rate in Texas?
What is a bad refinance rate in Texas?
What is a good refinance interest rate on a 30-year fixed-rate mortgage in Texas?
What is a good refinance interest rate on a 15-year fixed-rate mortgage in Texas?
What is a good refinance interest rate on a 5/1 adjustable-rate mortgage in Texas?
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