FHA Refinance Rates
FHA Refinance Rates: what to know and how to act in 2026.
What to know
FHA refinance rates track purchase rates closely. The Streamline option requires little documentation and no appraisal, often making it the fastest way to capture a rate drop.
What affects your FHA rate
- Your credit score and down payment
- Loan term (15- vs 30-year)
- Discount points purchased
- The bond market and Fed policy
- Lender margins — which is why comparing quotes matters
Example payment by rate
| Rate | P&I on a $300,000 loan (30-yr) |
|---|---|
| 5.50% | $1,703 |
| 5.75% | $1,751 |
| 6.00% | $1,799 |
| 6.25% | $1,847 |
| 6.50% | $1,896 |
| 6.75% | $1,946 |
| 7.00% | $1,996 |
Rates move daily. Join the free FHA Notification Program for rate-change alerts so you can lock at the right time.
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Frequently Asked Questions
- FHA Refinance Rates — the quick answer?
- FHA refinance rates track purchase rates closely. The Streamline option requires little documentation and no appraisal, often making it the fastest way to capture a rate drop.
- Are FHA rates lower than conventional?
- FHA base rates are often similar to or slightly below conventional, but FHA mortgage insurance can make the all-in cost higher. Compare total monthly cost, not just the rate.