Refinance rates move higher for Thursday – Multiple benchmark refinance rates ticked up today. The average rates on 30-year fixed and 15-year fixed refinances both were higher. You can use Bankrate’s mortgage calculator to estimate your.

How a 15- year fixed mortgage refinance works. 15-year mortgages work similarly to any other fixed rate loan with one important difference – they take less time to go away that a traditional 30-year fixed mortgage. The only common fixed-rate term with lower terms than the 15-year is a 10-year.

Prequalify For A Home 15 Year Mortgage Rate Today The current rate for the 15-year fixed refinance mortgage is based on a $985 origination fee; 1.375 discount points and would yield 180 equal payments. rates and pricing may vary and are subject to change at any time without notice.