Top Mortgage Refinancing Companies in 2025
Bank of America Emerges as a Top Choice for Mortgage Refinancing in 2025
In the current economic climate, homeowners are seeking the best deals when it comes to mortgage refinancing. According to recent data, Bank of America is scoring well for affordability, availability, and borrower experience.
As of July 2025, the average 30-year fixed mortgage refinance rate nationally hovers around 6.84% to 6.87%, with 15-year fixed refinance rates approximately 6.11% to 6.26% [1][2][3]. These rates have remained relatively steady, fluctuating between 6.5% and 7% throughout 2025 [3][4].
While specific Chase refinance rates for 2025 are not readily available, Chase typically offers rates close to or slightly better than the national averages, depending on applicant creditworthiness, loan type, and other factors [1][3].
When compared to other top mortgage refinance lenders like Wells Fargo, Bank of America, and Quicken Loans, average refinance rates tend to cluster in the same range (roughly 6.5% to 7% for 30-year fixed), given the broader market conditions in 2025 [1][3]. Variations between lenders usually depend on factors such as the borrower's credit score, loan-to-value ratio, loan type, and loan term length [3][4].
To help homeowners make informed decisions, here's a summary of current refinance rates in table form:
| Loan Type | National Average Rate (July 2025) | Expected Chase Rate (Estimate) | Notes | |----------------------|----------------------------------|-------------------------------|-------------------------------------------------| | 30-year fixed | 6.84% – 6.87% | ~6.8% – 7.0% (estimated) | Close to national average, varies by credit | | 15-year fixed | 6.11% – 6.26% | ~6.1% – 6.4% (estimated) | Typically lower than 30-year refinance rate | | 10-year fixed | ~6.06% – 6.33% | ~6.1% – 6.4% (estimated) | Lowest refinance rates but higher monthly payment|
Homeowners considering refinancing in 2025 find that rates remain elevated compared to pandemic lows but have pulled back from peaks seen in late 2023 (around 8%) [1][3]. Given the current market conditions, it's essential for borrowers to shop around and compare rates from various lenders, such as Chase and its competitors, to secure the best available rate based on their financial profile and the loan specifics.
Recommendation: To get the most accurate current refinance rates from Chase for your specific scenario in 2025, it is best to request a personalized quote directly from Chase and compare that against rates offered by other leading lenders, as published quotes reflect national averages but individual offers can differ significantly.
In addition to Chase, other mortgage refinance lenders to consider include SoFi, PenFed Credit Union, PNC Bank, Bank of America, Better, Navy Federal Credit Union, and Quicken Loans. Each lender has its own credit requirements and offers various loan types, so it's essential to compare rates and fees from at least three lenders, considering each lender's credit score, equity, and other requirements.
For instance, SoFi offers mortgage refinancing services in all U.S. states except Hawaii and New York, with loans offered for conventional, jumbo, FHA, VA, and refinancing. SoFi's credit requirements are 620 for conventional loans and 600 for FHA loans and VA loans, and they offer a $500 discount on refi fees for their members.
PenFed Credit Union offers mortgage refinancing services, with credit requirements of 650 for conventional loans, 700 for jumbo loans, 620 for FHA loans. They also offer the VA streamline, or Interest Rate Reduction Refinance Loan (IRRRL), with no lender fees on IRRRLs.
PNC Bank offers mortgage refinancing services in all U.S. states, with credit requirements of 620 for conventional loans, jumbo loans, and FHA loans; 640 for USDA loans. They also offer a rate match guarantee or pay $1,000 if a lower rate is found elsewhere.
Bank of America offers mortgage refinancing services in all U.S. states, with a credit requirement of 620 for conventional loans. They were awarded the "our website Award" for best lender for refinancing in 2025.
Better offers mortgage refinancing services online, with credit requirements of 620 for conventional loans and VA loans, 580 for FHA loans. They score well for affordability, availability, and borrower experience, and offer a Price Guarantee.
Navy Federal Credit Union offers mortgage refinancing services in all U.S. states, but membership is required. They offer a rate match guarantee or pay $1,000 if a lower rate is found elsewhere.
Quicken Loans, another top lender, offers mortgage refinancing services, with credit requirements of 620 for conventional loans, 680 for jumbo loans. They are known for their user-friendly online platform and excellent customer service.
By comparing rates and fees from multiple lenders and understanding each lender's requirements, homeowners can make informed decisions and secure the best mortgage refinance deals in 2025.
In the process of shopping around for the best mortgage refinancing deals, it's crucial for homeowners to consider not only national averages but also personal-finance aspects like their credit score and loan-to-value ratio when comparing rates from various lenders such as Bank of America, as well as other top contenders like SoFi, PenFed Credit Union, PNC Bank, and Quicken Loans.
Engaging in personal-finance management during mortgage refinancing can help homeowners secure the most favorable business deals, ensuring a comfortable financial future.
