Mortgage refi rates increased slightly on Thursday after three days of declining averages. Last week, 30-year mortgage refinance rates plunged to a 19-month low.

See current 30-year refinance rates and how they've been trending. Find the lowest rates to save on your mortgage, lower your payments, or access home equity.

There are a lot of reasons why people decide to refinance a mortgage. You may want to take advantage of lower interest rates, which can save you thousands of dollars. Or, you might want to access some of the equity you’ve built up in your home for a big project.

After plunging last week to a 19-month low, but then rising back up, 30-year refi rates have again begun dropping—three days in a row. Most other refi rates have also dipped.

Mortgage rates have fallen significantly in 2024, opening the door for recent buyers to refinance. But the interest rate you pay isn't the only consideration when deciding whether to refinance your mortgage.