10 Yr fixed mortgage Rates Today

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Several key refinance rates climbed today.

Nationwide averages on 30-year fixed and 15-year fixed refinances both trended upward. The average rate on 10-year fixed refis, meanwhile, also advanced.

Rates for refinancing are in a constant state of flux, but they remain much lower overall than they were before the Great Recession. If you're in the market to refinance, it could make sense to lock if you see a rate you like.

30-year fixed refinance

The average 30-year fixed refinance rate is 3.65 percent, up 14 basis points compared to a week ago. A month ago, the average rate on a 30-year fixed refinance was lower, at 3.39 percent.

At the current average rate, you'll pay $457.46 per month in principal and interest for every $100, 000 you borrow. That's $0.14 higher compared to last week.

You can use Bankrate's mortgage calculator to get a handle on what your monthly payments would be and see the effect of adding extra payments. It will also help you calculate how much interest you'll pay over the life of the loan.

15-year fixed refinance

The average for a 15-year refi is currently running at 2.86 percent, up 8 basis points since the same time last week.

Monthly payments on a 15-year fixed refinance at that rate will cost around $682 per $100, 000 borrowed. The bigger payment may be a little harder to find room for in your monthly budget than a 30-year mortgage payment would, but it comes with some big advantages: You'll come out thousands of dollars ahead over the life of the loan in total interest paid and build equity much more quickly.

10-year fixed refinance

The average rate for a 10-year fixed refinance rate is 2.84 percent, up 6 basis points since the same time last week.

Monthly payments on a 10-year fixed-rate refi at 2.84 percent would cost $958.24 per month for every $100, 000 you borrow. That's a lot more than the monthly payment on even a 15-year refinance, but in return you'll pay even less in interest than you would with a 15-year term.