Today's mortgage rates*
25-year fixed
5.75%
0.13%
APR
6.077%
Points
2 ($5,500)
20-year fixed
5.5%
0.13%
APR
5.849%
Points
1.75 ($4,813)
*Compared week over week. Rates are current as of 12:31 AM UTC on February 14, 2026
Rate & term refi benefits
Refinancing could help build financial prosperity, now and in the future.
Lower monthly payment
Save more each month and invest in what inspires you.
Shorter loan term
Own your home sooner and pay less interest to get there.
We make refinancing effortless
See what's possible
Compare rates, payment options, and discounts with zero credit impact.
Apply from anywhere
When you’re ready, apply in minutes with a simple, online process.
Get real support
Why refi now
Lock in a lower and/or fixed rate
Move into a rate that brings stability now and major savings over time.
Save more each month
Free up your cash for other expenses with a lower monthly payment.
Pay my mortgage off faster
Shorten your term to pay less interest and accelerate your path to payoff.
We did the homework for you
Equity
If the numbers make sense, you could refi with as little as 5% equity in your home.
Credit
Typically, you’ll need a minimum credit score of 580 to qualify.
Finances
Your debt-to-income ratio should help keep your budget comfortable.
Your home
You’ll need a clear title and recent appraisal. We’ll help with this!
Helpful insights & guidance
8-minute read
When should I refinance my mortgage?
8-minute read
How much does it cost to refinance a mortgage?
6-minute read
How long does it take to refinance a house?
8-minute read
When should I refinance my mortgage?
8-minute read
How much does it cost to refinance a mortgage?
6-minute read
How long does it take to refinance a house?
With this type of refinance, you:
- Apply for a new mortgage which pays off your existing one.
- Choose a shorter or longer term with a new payment and interest rate.
- Need to qualify based on factors like your credit and income.
- Will pay closing costs that can be rolled into your new mortgage.
With Rocket Mortgage, the average is about 20 days, but this can be shorter or longer depending on how quickly we can verify certain details.
A rate & term refinance replaces your current mortgage with a new one, typically to lower your interest rate or change your loan term.
Unlike a cash-out refinance, you’re not borrowing extra money—just changing the rate, the term, or both to save over time.
Rocket Mortgage services the majority of the loans it originates. This means you’ll likely continue making your payments to Rocket Mortgage and enjoy our award-winning servicing for the life of your loan.
Yes, you can refinance with Rocket Mortgage even if your current loan is with another lender. Many homeowners choose to refinance with a new lender to get better rates, terms, or service.