Remember when refinancing wasn’t even on the table? When interest rates jumped into the 7s and everyone just decided to tough it out? Well, here’s the good news — that’s changing.
As of this week, we’re quoting 30-year conventional loans around 6.19% (6.32% APR), and that little shift is opening doors for a lot of homeowners who thought they were stuck.
If your mortgage is in the high 6s or 7% range, it might be time to take another look at refinancing. Even a modest rate drop can make a difference in your monthly payment, your mortgage insurance, or more importantly — in your long-term savings.
Why Refinancing Now Could Make Sense
Rates haven’t crashed, but they’ve settled. That means you can finally run the numbers without the emotional whiplash of the last few years.
Here’s when a refinance might be worth exploring:
- You bought or refinanced when rates were over 7%.
- You’ve gained equity and want to drop your mortgage insurance.
- You’d like to consolidate debt or free up cash flow heading into 2026.
- You’re planning to stay in your home long enough for the refinance savings to outweigh the costs.
Even moving from 7.125% to 6.19% can save hundreds a month — and thousands over the life of your loan.
The Bottom Line
This isn’t about timing the market. It’s about recognizing opportunity when it quietly knocks.
If your rate starts with a 7, or even a high 6, you’ve officially got a reason to reach out. We’ll look at the numbers, check the breakeven point, and see if refinancing makes sense for your situation.
Because sometimes, getting a “win” in real estate isn’t about chasing headlines — it’s about catching quiet momentum before everyone else does.
Get started online here.
Written by Anthony VanDyke, Utah Mortgage Broker — NMLS #247102 — President at Houzd Mortgage in Draper, Utah.
A mortgage broker since 2006, Anthony has helped thousands of Utah families build a stronger financial future, one home at a time. He believes a mortgage isn’t just a loan — it’s a long-term financial strategy that can shape a family’s wealth and peace of mind.
👉 See what you qualify for with Anthony’s Purchase Qualifier Tool.