Today’s Refinance Rates in West Virginia

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Edited byBrett Holzhauer

Updated: January 18, 2024

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Current Refinance Rates in West Virginia

MoneyGeek outlines the most current mortgage refinancing interest rates across West Virginia lenders to help you select a suitable loan type for your situation. The table below helps you to compare up-to-date mortgage refinance rates in the state for different terms and mortgage loan types.


Mortgage Refinance Rates From Top Lenders


What Is a Good Refinance Rate in West Virginia?

The current refinance interest rates in West Virginia are higher than the nation’s mortgage rates for specific types of mortgages and lower for others. Specifically, the average interest rate for a 15-year fixed-rate mortgage is 4.61%, slightly higher than the national average interest of 4.45%. Meanwhile, a 30-year fixed-rate mortgage has an interest of 5.13%, lower than the national average of 5.30%, while a 5/1 adjustable-rate mortgage interest is 4.15%, also lower than the nation’s average of 4.19%.

While every borrower often looks for the best interest rate with mortgage refinancing, it’s worth noting that a great rate is relative and depends on factors such as your credit score, income level, loan amount and loan term, among others.

To ensure you find the most suitable deal for your needs, you may need to compare rates across multiple lenders in West Virginia. Note that rates change frequently, and your current rate may differ considerably a week later.

Estimate Your New Monthly Mortgage Payment

West Virginia homeowners interested in mortgage refinancing can use MoneyGeek’s mortgage calculator to estimate the monthly payment amount associated with their desired loan type. It’s essential to note that interest rates regularly fluctuate depending on economic conditions.


Frequently Asked Questions About Refinance Rates in West Virginia

Mortgage refinance interest rates in West Virginia vary significantly based on the lender and the loan type you choose. MoneyGeek answered the frequently asked questions about mortgage refinance rates in the state.

In West Virginia, a good refinance rate is relative to your needs and the average market rate. From our analysis, rates vary between 4.15% and 5.13% based on the type of loan you choose.

A bad refinance rate also depends on your profile and the market rates. Your mortgage refinance rate should not exceed your current mortgage’s interest rate.

West Virginia has a 5.13% interest rate on a 30-year FRM. A good rate in the state should not exceed this amount.

A 15-year fixed-rate loan in Virginia has an average interest rate of 4.61%. For a refinance loan of this type, the interest should be the same or lower than this percentage.

West Virginia has an average interest rate of 4.15% for a 5/1 adjustable-rate mortgage loan. The ideal interest rate for this loan type should not be higher than this average.