Investopedia’s pick for the best mortgage refinance company is Rate (formerly known as Guaranteed Rate). It performed well in nearly every area we measured, including average interest rate for refinance loans originated in 2024. If you’re looking for a lender that offers credits at closing, consider Bank of America. For a lender that frequently works with borrowers with weaker credit profiles, try Citizens Bank.
To evaluate the best mortgage refinance companies, we collected hundreds of data points from 16 top mortgage refinance lenders. We also analyzed details from tens of thousands of refinance loans originated in 2024 from the Home Mortgage Disclosure Act (HMDA) database. We used those details to generate average interest rates, average origination fees (and lender credits), and much more.
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