Virginia Mortgage and Refinance Rates

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Current Virginia Mortgage Rates

Average market rates for April 17, 2024 in Virginia are 7.29% for 30-year fixed purchase and 7.34% for 30-year fixed refinance

ProductRateAPR
30-year Fixed Purchase7.29%7.32%
30-year Fixed Refinance7.34%7.37%
Rates based on market averages as of Apr 16, 2024.
ProductRateAPR
30-year Fixed Purchase7.29%7.32%
30-year Fixed Refinance7.34%7.37%
Rates based on market averages as of Apr 16, 2024.

Virginia Purchase Rates

ProductRateAPR
15-year Fixed Purchase6.47%6.51%
15-year Fixed Jumbo Purchase6.88%6.92%
30-year Fixed Purchase7.29%7.32%
30-year Fixed Jumbo Purchase7.65%7.67%
Rates based on market averages as of Apr 16, 2024.

Virginia Refinance Rates

ProductRateAPR
15-year Fixed Refinance6.47%6.51%
15-year Fixed Jumbo Refinance6.89%6.93%
30-year Fixed Refinance7.34%7.37%
30-year Fixed Jumbo Refinance7.65%7.67%
Rates based on market averages as of Apr 16, 2024.

Virginia ARM Rates

ProductRateAPR
5/6 Arm (purchase)7.67%7.72%
5/6 Arm (refinance)7.69%7.74%
5/6 Jumbo Arm (purchase)6.99%7.00%
5/6 Jumbo Arm (refinance)7.01%7.02%
Rates based on market averages as of Apr 16, 2024.

How we source rates and rate trends

Most Common Mortgage Types in Virginia

  • Conventional: 79,000 loans
  • FHA: 16,845 loans
  • USDA: 2,070 loans
  • VA: 24,636 loans

Top Purchase Lenders in Virginia by Volume

  • Movement Mortgage, LLC: 5,230 loans
  • Atlantic Bay Mortgage Group, L.l.c.: 4,987 loans
  • Rocket Mortgage, LLC: 4,369 loans
  • Mortgage Research Center, LLC: 3,953 loans
  • Navy Federal Credit Union: 3,275 loans
  • Mclean Mortgage Corporation: 2,937 loans
  • Nvr Mortgage Finance, Inc.: 2,838 loans
  • Alcova Mortgage LLC: 2,792 loans
  • Prosperity Home Mortgage, LLC: 2,774 loans
  • Atlantic Coast Mortgage, LLC: 2,641 loans

Top Refinance Lenders in Virginia by Volume

  • Truist Bank: 1,763 loans
  • Rocket Mortgage, LLC: 1,612 loans
  • Pennymac Loan Services, LLC: 957 loans
  • Wells Fargo Bank: 942 loans
  • PNC Bank: 834 loans
  • Bank Of America: 606 loans
  • Capital Center, L.l.c.: 596 loans
  • Nationstar Mortgage LLC: 560 loans
  • Navy Federal Credit Union: 553 loans
  • Loandepot.com, LLC: 523 loans

Top Cash-Out Refinance Lenders in Virginia by Volume

  • Rocket Mortgage, LLC: 6,988 loans
  • Loandepot.com, LLC: 1,813 loans
  • Freedom Mortgage Corporation: 1,618 loans
  • Wells Fargo Bank: 1,454 loans
  • Nationstar Mortgage LLC: 1,437 loans
  • Navy Federal Credit Union: 1,383 loans
  • Pennymac Loan Services, LLC: 1,249 loans
  • Capital Center, L.l.c.: 961 loans
  • Amerisave Mortgage Corporation: 758 loans
  • Truist Bank: 728 loans

How we source lender data

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