Discover the top mortgage companies in the USA offering the lowest refinance rates in 2025. Compare companies, rates, fees and terms to choose the right lender for your refinance.
Refinancing your mortgage can be a smart move when done under the right conditions. If you can secure a lower interest rate, reduce your term, or tap into equity without over-paying fees, you could save thousands over time. With average 30-year fixed-rate refinance rates hovering between about 6.2 % and 7 % in 2025, according to national data, shopping lenders matters. (freddiemac.com)
In this article, we highlight some of the best mortgage companies in the USA currently offering competitive refinance rates — including what to look out for, how to compare effectively, and how to choose the right lender for your situation.
What Counts as “Lowest Refinance Rates”?
When we say “lowest refinance rates,” it’s important to define what we mean:
- We’re generally talking about 30-year fixed refinance loans, since these are the most common.
- Rates depend heavily on personal factors: credit score, loan-to-value (LTV), property type, location, existing loan, etc.
- “Lowest rate” doesn’t always mean the best deal — you must consider closing costs, fees, origination points, and the break-even horizon (how long until you recover costs).
- The national average 30-year refinance rate has been around 6.2% according to recent data. (freddiemac.com)
With that in mind, here are the top companies to consider.
Top Mortgage Companies for Refinance (2025)
| Rank | Company | Why They Stand Out | Recent Rate Snapshot |
|---|---|---|---|
| 1 | CrossCountry Mortgage | Reviewed by Money as Best Overall refinance lender for 2025 due to wide loan options, competitive rates, and fast closing times. (Money) | Not specific rate published, but ranked highly for low cost and speed |
| 2 | New American Funding | Recognized as “Best for Low Rates” in the 2025 lender review by Money. (Money) | Emphasises low-rates for refinancing |
| 3 | Navy Federal Credit Union | Best for military members; published rates: 30-yr fixed refinance from about 5.625 % for qualified borrowers with strong credit in some cases. (Navy Federal Credit Union) | 30-year fixed at ~5.625% (as of 11/13/2025 sample) |
| 4 | Rocket Mortgage | Offers a publicly listed refinance rate of 30-yr fixed at ~ 6.625% with 1.75 points (for a $350 k loan in sample) as of Nov 2025. (rocketmortgage.com) | 30-yr fixed: 6.625% (APR ~6.893%) |
| 5 | Bank of America | Publishes “today’s competitive refinance rates” – for example 30-year fixed at ~6.375% in sample. (Bank of America) | 30-yr fixed: ~6.375% example |
| 6 | U.S. Bank | Displays refinance 30-year fixed at ~6.125% for borrowers with 740+ credit and ≥25% equity. (U.S. Bank) | 30-yr fixed: ~6.125% sample |
How to Compare These Lenders Effectively
When selecting a lender for a refinance, use the following checklist:
- Rate vs APR: Always compare the APR, since it includes fees and points.
- Points / Origination Fees: Some lowest-rate offers require paying points up front (e.g., 1.75 points in Rocket’s example). If you don’t plan to stay in the home long, the “lowest rate” might not be worth the upfront cost.
- Equity / LTV: Many lenders require you to have at least 20-25 % equity to get the best rate. U.S. Bank’s example uses 25% equity. (U.S. Bank)
- Credit Score: The best published rates usually assume a very good credit score (e.g., 740+). See Navy Federal’s example. (Navy Federal Credit Union)
- Loan Term & Structure: Are you doing a straight rate & term refinance, or a cash-out? Terms differ and rates may differ.
- Break Even Time: Calculate how long until your cost of refinancing is offset by savings.
- Customer Experience/Service: Reviews matter. For example, Rocket Mortgage has strong customer satisfaction. (rocketmortgage.com)
Recommendation by Borrower Type
- High equity + good credit: If you have ≥25% equity and a 740+ credit score, lenders like U.S. Bank or Bank of America may offer strong published rates (~6.125-6.375%).
- Military or veteran borrowers: Navy Federal offers very competitive rates and specialized programs.
- Low-cost focus: If your priority is the absolute lowest rate, you might look into New American Funding or CrossCountry Mortgage.
- Digital convenience: If you prefer a fully online process and solid customer experience, Rocket Mortgage is a strong choice.
Key Trends Affecting Refinance Rates in 2025
- According to the national average data, the 30-year fixed-rate mortgage in the U.S. averaged around 6.22% in early November 2025. (freddiemac.com)
- Rates have been hovering in the 6.2-7.0% range for 30-year fixed mortgages. (NerdWallet)
- Refinance volumes remain sensitive to rate drops — even a small drop of 0.3-0.5% can trigger many homeowners to refinance.
- Lenders increasingly highlight speed, digital process, and flexible underwriting as differentiators.
Mistakes to Avoid When Refinancing
- Ignoring closing costs: Even if your interest rate drops, if you pay high fees you might not benefit.
- Refinancing too early: If you just started your prior mortgage, refinancing may not pay off.
- Switching terms unwisely: Extending a 30-year loan might lower monthly payments, but could increase total interest unless you pay more each month.
- Not comparing multiple lenders: Even a 0.25% rate difference can translate into thousands of dollars.
- Locking rate without checking fees: Some advertised rates assume you buy points or accept higher fees.