What are SOFR averages?

Home > Markets & Policy Implementation > Data > Reference Rates > As an extension of the Secured Overnight Financing Rate (SOFR), the SOFR Averages are compounded averages of the SOFR over rolling 30-, 90-, and 180-calendar day periods.

What is the average rate for a 30-year mortgage refinance?

Compare current 30-year mortgage refinance rates to find the best rate from the right lender for you. Today’s average rate on a 30-year, fixed-mortgage refinance is 6.80% compared to the 6.72% average rate a week earlier. The 52-week high for a 30-year, fixed-mortgage refinance was 7.44% and the 52-week low was 6.62%.

What is a 30-year fixed-rate mortgage?

The vast majority of Americans with a mortgage have a 30-year, fixed-rate mortgage. When borrowers are able to take 30 years to pay back a loan, at a rate that never changes, homeownership becomes much more attainable.