Based on data compiled by Credible, mortgage refinance rates have risen for two key terms and remained unchanged for two other terms since yesterday.

• 30-year fixed-rate refinance: 6.875%, up from 6.750%, +0.125
• 20-year fixed-rate refinance: 7.125%, up from 6.875%, +0.250
• 15-year fixed-rate refinance: 5.500%, unchanged
• 10-year fixed-rate refinance: 5.500%, unchanged

Rates last updated on Sept. 27, 2022. These rates are based on the assumptions shown here. Actual rates may vary. With 5,000 reviews, Credible maintains an “excellent” Trustpilot score.

What this means: With 20-year mortgage refinance rates topping 7% today and 30-year rates not far behind, homeowners who want to refinance stand to save the most on interest by opting for a shorter term. Rates for a 10- and 15-year refinance have held steady at 5.5% for seven straight days.