Current Refinance Rates in Vermont
MoneyGeek analyzed and gathered refinance rates in Vermont to help you pick a loan type that suits your situation. The table below shows Vermont’s most updated rates for different mortgage types and terms.
- Type of LoanRateAPR
- Conventional 30 Year Fixed5.766 %5.75 %
- Conventional 20 Year Fixed6 %6 %
- Conventional 15 Year Fixed5.004 %5 %
- Conventional 10 Year ARM6.805 %6.5 %
- Conventional 7 Year ARM6.772 %6 %
Mortgage Refinance Rates From Top Lenders
What Is a Good Refinance Rate in Vermont?
Referencing FRED’s economic data, Vermont has an average interest rate of 4.40% for a 15-year fixed-rate mortgage which is slightly higher than the 4.39% national average. A 30-year fixed-rate loan has an interest rate of 5.14%, which is more than the national average of 5.18%. For a 5/1 adjustable-rate mortgage (ARM), Vermont’s rate is 3.72, which is lower than the national average of 4.41%.
A “good rate” is subject and depends on many factors. These factors include the loan amount, terms, credit score and debt-to-income ratio. Mortgage rates vary almost daily, so don’t be shocked when your preferred lender gives you different information weekly.
To obtain the best refinance rates in Vermont, ensure to browse and check quotes from various lenders.
Estimate Your New Monthly Mortgage Payment
Using MoneyGeek’s mortgage calculator below, you easily estimate your new monthly mortgage refinance payment. Please fill it out with the mortgage information and use Vermont’s average rate. Remember that interest rates fluctuate and are affected by various personal factors such as credit score, mortgage term, loan amount and debt-to-income ratio.
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Frequently Asked Questions About Refinance Rates in Vermont
Vermonters need to consider pursuing mortgage refinancing by reviewing the details below and through researching their options. Below, MoneyGeek answers the most commonly asked questions about Green Mountain State’s mortgage refinancing rates.
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- FRED. "Mortgage Rates." Accessed July 13, 2022.