Today's mortgage rate effective January 18, 2019 is 4.625% with an Annual Percentage Rate of 4.861% (servicing released). You may qualify for lower rates. Rates are subject to change without notice.
Thinking of refinancing? Washington Trust can help. Refinancing can often be a time and money-saving path for many existing homeowners. Our tools and resources can help you determine if refinancing is right for you.
Reasons you may want to consider refinancing
- If the rates are lower now than when you financed your home, you could refinance your current mortgage and your monthly payment may go down. A lower monthly payment means more money in your pocket.
- If you have an adjustable rate mortgage and are stressed over the uncertainty of your rate, refinancing into a fixed rate mortgage may alleviate the stress.
- You may be able to refinance your current mortgage to a fifteen year term without raising the payment significantly, especially if rates were higher when you purchased your home. You could save yourself from paying additional interest and could own your home earlier than the typical 30 years.
Refinancing Programs & Resources
A Consumers Guide to Refinancing Mortgages
A guide to refinancing from the Federal Reserve Board.