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FHA Refinance Rates in Minnesota

Updated: July 14, 2020

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Displaying rates for Mortgage Refinance in MN for $200,000

PRODUCTS RATES +/-
30 Year Fixed 3.00%
15 Year Fixed 2.50%
5/1 ARM 4.50%
Tuesday, July 14, 2020

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Mortgage rates for Minnesota go down to 3.00%

Tuesday, July 14, 2020

Mortgage rates for Minnesota on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.03% to 3.00%. The 15-year fixed rates are now at 2.50%. The 5/1 ARM mortgage for Minnesota is now at 4.50%.

FHA Refinance Rates in Minnesota

FHA Refinancing is a refinance transaction involving funds insured by the Federal Housing Administration. When refinancing a home in &STATE&, FHA refinancing can be a quite favorable option and is available to homeowners with conventional mortgages as well as those FHA-insured mortgages. For the latter, the FHA offers the option of FHA streamline refinancing, which conveniently requires no appraisal or verification of income, employment, or credit score.

As with FHA loans, FHA refinancing, whether streamline or standard, provides homeowners with access to some of the lowest accessible mortgage rates, however, comparing rates between lenders in Minnesota is always recommended and can save you thousands of dollars in the long run. Check out our main page on FHA refinance rates for more information.

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