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Since 2022, refinancing activity has gone down in response to surging mortgage rates. But with inflation normalizing and the Federal Reserve positioning itself to cut interest rates next month, mortgage rates should gradually decline. As that happens, more homeowners, especially those with high rates on their home loans, will benefit from a refinance.
Today’s average refinance rates
Today’s average mortgage rates on Sep. 10, 2024, compared with one week ago. We use rate data collected by Bankrate as reported by lenders across the US.
As mortgage rates fall, you might choose to…
