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Delaware Mortgage Refinance Rates

Get a Lower rate in Delaware whether you’re looking to reduce your monthly payment, change your loan term or refinance into a different rate.

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Current Delaware Home Refinance Rates

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Refinance Rates Trend in Delaware

Historical rates shown for context only. See full disclosures below and current rates in the table above. View Legal Disclosures

Rates as of November 6, 2026

Today’s 30-year fixed refinance rate in Delaware is 7.000% (7.337% APR), and a 15-year is 6.375% (6.946% APR). On a typical $242,000 Delaware loan, that’s about $1,610 a month in principal and interest over 30 years or $2,091 over 15. These figures use a typical Delaware home price of $346,200 (the average of the median prices in its largest cities) and a loan at 70% of that value. Your numbers depend on your balance, your home’s value and your credit.

How much could you save by refinancing in Delaware?

Monthly savings on a $242,000 balance if you refinance into today’s 30-year fixed rate of 7.000% (7.337% APR), by the rate you have now. If your current rate is at or below about 7.000%, a rate-and-term refinance at today’s rate won’t lower your payment; a cash-out refinance or HELOC may fit better if you need cash.

Your current rate Payment now New payment Monthly savings Break-even
7.500% $1,692 $1,610 $82 98 months
8.000% $1,776 $1,610 $166 49 months
8.500% $1,861 $1,610 $251 32 months

Principal and interest only, comparing 30-year payments on the same $242,000 balance. New payment at 7.000% (7.337% APR) with 2.125 discount points. Break-even divides the points and lender fees built into that APR (about $8,013 on this loan) by the monthly savings; title, appraisal and other third-party closing costs add to that (try our refinance break-even calculator with your own numbers). Restarting a 30-year term can mean more total interest even when the payment drops.

Refinance payments in Delaware's largest cities

Estimated monthly cost after refinancing a loan at 70% of each city’s median home price into today’s 30-year fixed rate of 7.000% (7.337% APR), with local property taxes and homeowners insurance.

City Median price Loan (70%) Principal & interest Taxes & insurance Total monthly
Wilmington† $315,000 $221,000 $1,470 — $1,470
Dover† $377,495 $264,000 $1,756 — $1,756

Principal and interest at 7.000% (7.337% APR) (30-year conforming refinance). Median prices from Movoto market trends, September 2026. † Tax or insurance estimate not available for this city, so it’s left out of the total.

15-year vs. 30-year refinance in Delaware

On a typical $242,000 Delaware loan, a 15-year refinance costs about $481 more a month than a 30-year, but saves about $203,144 in interest over the life of the loan.

Loan term Rate (APR) Principal & interest Total interest
30-year fixed7.000% (7.337% APR)$1,610$337,612
15-year fixed6.375% (6.946% APR)$2,091$134,467

Conforming refinance rates for Delaware as of November 6, 2026. Total interest assumes you keep the loan for the full term and make every scheduled payment. Taxes and insurance are the same for either term.

Refinance options in Delaware by loan type

The examples above assume you’re refinancing into a conventional loan. If you have an FHA or VA loan, owe more than the conforming limit, or want to take cash out, one of these options may fit better.

If you have an FHA loan

FHA streamline refinance

Refinance an existing FHA loan with limited credit documentation and often no appraisal. FHA mortgage insurance still applies.

If you have a VA loan

VA IRRRL

The VA’s Interest Rate Reduction Refinance Loan lowers your rate with less paperwork than a standard refinance, with no monthly mortgage insurance.

If you owe more than $832,750

Jumbo refinance

A balance above the county’s 2026 conforming loan limit refinances into a jumbo loan.

If you need cash

Cash-out refinance or HELOC

A cash-out refinance replaces your loan with a larger one and pays you the difference. A HELOC lets you borrow against your equity and keep your current rate.

Delaware refinance FAQs

What are refinance rates in Delaware today?

As of November 6, 2026, Lower’s 30-year fixed refinance rate in Delaware is 7.000% (7.337% APR) and the 15-year is 6.375% (6.946% APR). FHA refinances start at 6.490% (7.400% APR) and VA refinances at 6.625% (6.970% APR). Your rate depends on your credit, equity, loan amount and points.

When does refinancing make sense in Delaware?

When the monthly savings pay back your closing costs before you sell or refinance again. On a typical $242,000 Delaware loan, going from 8.000% to today’s 7.000% (7.337% APR) saves about $166 a month, and the points and lender fees in today’s quote (about $8,013) take about 49 months to recover. Compare the new term too: restarting at 30 years can add interest even when the payment drops.

Do Wilmington or Dover have higher conforming loan limits?

No. Every Delaware county uses the same $832,750 limit for a one-unit home in 2026. A refinance above the limit is a jumbo loan, priced today at 6.875% (7.131% APR) for 30 years.

Can I refinance a VA loan in Delaware?

Yes. If your current mortgage is VA-backed, a VA Interest Rate Reduction Refinance Loan (IRRRL) can lower your rate with less paperwork than a standard refinance. Lower’s 30-year VA refinance rate in Delaware is 6.625% (6.970% APR) today. VA and lender requirements apply.

Related Delaware mortgage pages

Movoto market trends data, September 2026, for each city. Cities are the state's largest by Census Bureau population estimates (Vintage 2024) among cities with Movoto data; where a city has too few sales, the next-busiest markets by homes sold fill in. Conforming loan limits: FHFA, 2026. Property tax estimates use county effective rates from the American Community Survey; homeowners insurance estimates are average annual premiums from The Zebra; your quote will vary. Rates as of November 6, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.

Find Out Why Delawareans Love Lower

Don't take our word for it. We've got 50,000 five-star reviews and counting. Read what real customers have to say.
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5.0

Katie Lepley made refinancing our home straightforward and stress-free. The initial document collection was easy to navigate, and we completed the signing process within 30 days. Katie guided me through every step and kept me informed about th…e progress she and her team at Lower.com were making. Their communication was excellent, and the entire team was professional and highly capable. I have confidently referred several friends and family members to Katie, knowing they will be in excellent hands.

Diane P.

Verified Customer

October 9, 2026

5.0

Having worked alongside Angel Ramos, I can say firsthand that his reputation as an elite sales professional is built on one thing: exceptional client care. In an industry like mortgage lending where trust, timing, and clear communication make a…ll the difference, Angel has always stood out as a top producer whose business was driven by word-of-mouth and repeat referrals. ​He never approaches sales as a one-time transaction; he treats every client interaction as a long-term partnership. He takes the time to listen, demystify complex financial details, and advocate relentlessly for the best possible outcome. Anyone navigating the loan process—whether purchasing their first home or refinancing—is in remarkably capable, honest hands with Angel. I recommend him without hesitation to any homebuyer or real estate partner looking for a dependable loan officer

Lawrence S.

Verified Customer

November 5, 2026

5.0

Katie was wonderful to work with on this refinance she is on top of everything. Refinancing can be difficult but her commitment to making sure my experience went smoothly and with out a hiccup was great. I will use he…r again in the future for sure .

Gregory M.

Verified Customer

September 1, 2026

5.0

As a new home owner Sean was a fantastic guide throught getting refinanced. He was very informative on the process. Always low pressure interactions. He got my rate dropped by almost 2.5% And he's just a real friendly fellow. Thanks Sean!

Chuck K.

Verified Customer

October 26, 2026

5.0

Sean is the real deal and made my home purchase very easy. I especially appreciate how he has stayed in touch and presented refinance options as the market evolves. Can’t recommend him enough!

Anthony F.

Verified Customer

October 27, 2026

5.0

Katie did an amazing job helping us refinance our home almost 6 years ago. Her knowledge, professionalism and wonderful sense of humor made the process easy and stress free. The new loan made our dream of owning our home happen sooner, while s…aving money. I have and would recommend Katie to friends and family interested in buying a home for their first time or refinancing their current one.

Lynn W.

Verified Customer

October 9, 2026

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