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Current Refinance Rates on March 30, 2022: Rates Tick Higher

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Multiple important mortgage refinance rates moved up today. Both 15-year fixed and 30-year fixed refinances saw their average rates climb. In addition, the average rate on 10-year fixed refinance declined. Homeowners can expect to see refinance rates rise over the course of this year. Although rates are higher now than at the start of the pandemic, multiple economic factors are likely to keep pushing rates up. Refinance rates also fluctuate daily, but if you’re looking to shave dollars and interest off of your current monthly mortgage payments, these could be the lowest rates this year. Make sure to think about your goals and circumstances, and compare offers to find a lender who can meet your needs.

30-year fixed-rate refinance

The average rate for a 30-year fixed refinance loan is currently 4.87%, an increase of 37 basis points compared to one week ago. (A basis point is equivalent to 0.01%.) One reason to refinance to a 30-year fixed loan from a shorter loan term is to lower your monthly payment. This makes 30-year refinances good for people who are having difficulties making their monthly payments or simply want a bit more breathing room. In exchange for the lower monthly payments though, rates for a 30-year refinance will typically be higher than 15-year and 10-year refinance rates. You’ll also pay off your loan slower.

15-year fixed-rate refinance

The average 15-year fixed refinance rate right now is 4.08%, an increase of 25 basis points over last week. With a 15-year fixed refinance, you’ll have a larger monthly payment than a 30-year loan. However, you’ll also be able to pay off your loan quicker, saving you money over the life of the loan. You’ll also typically get lower interest rates compared to a 30-year loan. This can help you save even more in the long run.

10-year fixed-rate refinance

For 10-year fixed refinances, the average rate is currently at 3.98%, a decrease of 1 basis points from what we saw the previous week. You’ll pay more every month with a ten-year fixed refinance compared to a 30-year or 15-year refinance — but you’ll also have a lower interest rate. A 10-year refinance can help you pay off your house much quicker and save on interest. However, you should analyze your budget and current financial situation to make sure you’ll be able to afford the higher monthly payment.

Where rates are headed

Interest rates are expected to go up this year, as the Federal Reserve recently raised rates for the first time since 2018 and plans to increase them multiple times in 2022. During the pandemic, refinance rates dropped to historic lows, but given factors like Federal Reserve policy, strong economic growth and inflation – which reached its highest in four decades – we’re now seeing interest rates closer to pre-pandemic levels. While the war in Ukraine has caused temporary dips in interest rates, it’s impossible to predict when another drop might occur. That means it’s a good idea to try to take advantage of refinancing now and lock in a decent rate. We track refinance rate trends using data collected by Bankrate, which is owned by CNET’s parent company. Here’s a table with the average refinance rates provided by lenders nationwide:

Average refinance interest rates

Product Rate A week ago Change
30-year fixed refi 4.87% 4.50% +0.37
15-year fixed refi 4.08% 3.83% +0.25
10-year fixed refi 3.98% 3.99% -0.01

Rates as of March 30, 2022.

How to find the best refinance rate

It’s important to understand that the rates advertised online may not apply to you. Though current market conditions will be a factor, your particular interest rate will depend largely on your application and credit history.

To get the best interest rates, you’ll typically need a high credit score, low credit utilization ratio, and a history of making consistent and on-time payments. Researching interest rates online is always a good idea, but you’ll need to connect with a mortgage professional to get your exact refinance rate. You should also take into account any fees and closing costs that might offset the potential savings of a refinance.

It’s also worth noting that in recent months, lenders have been stricter with their requirements. As such, you may not qualify for a refinance — or a low rate — if you don’t have a solid credit rating.

To get the best refinance rates, you’ll first want to make your application as strong as possible. The best way to improve your credit ratings is to get your finances in order, use credit responsibly, and monitor your credit regularly. Also be sure to compare offers from multiple lenders in order to get the best rate.

When should I refinance?

Generally, it’s a good idea to refinance if you can get a lower interest rate than that your current interest rate, or if you need to change your loan term. It’s true that in the past year, interest rates have been at a historic low. But when deciding whether to refinance, be sure to take into account other factors besides market interest rates.

A refinance may not always make financial sense. Consider your personal goals and financial circumstances. How long do you plan on staying in your home? Are you refinancing to decrease your monthly payment, pay off your house sooner — or for a combination of reasons? Also keep in mind that closing costs and other fees may require an upfront investment.

Note that some lenders have tightened their requirements since the beginning of the pandemic. If you don’t have a solid credit score, you may not qualify for the best rate. Refinancing can be a great move if you get a good rate or can pay off your loan sooner — but consider carefully whether it’s the right choice for you.



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Overwatch 2 Beta Begins Tomorrow: Start Time and What to Expect

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Overwatch 2 starts its second beta on Tuesday, June 28, for PC and console players. The beta begins at 2 p.m. ET/11 a.m. PT and runs through Monday, July 18. Sign-ups are still open for a chance to participate, and you can still get guaranteed access if you’re willing to spend some cash.  

The next beta will be our first look at Junker Queen, a new tank hero who first appeared in posters on the Junkertown map that was released in 2017. Fans have been hoping to play her ever since, and five years later, we’re finally getting the chance. The new beta also adds a new hybrid map, Paraiso. The developers have laid out their goals for the beta, which include testing server capacity and hero balance. 

Overwatch 2 is the sequel to Blizzard’s class-based shooter, featuring two teams of five players fighting over objectives. Overwatch devs announced in June that the game will be free to play and will launch in early access on Oct. 4. The first beta injected a frantic pace into the game, which was a welcome change from the slower, more grinding pacing that’s plagued Overwatch in recent years. The free-to-play PvP element will bring the game more in line with other competitive shooters, like Valorant and Apex Legends.

How to sign up for the Overwatch 2 beta

Anyone can sign up for Overwatch 2’s second beta, but it’s not technically an open beta. The game will add people gradually as it ramps up server capacity, and the first big wave of beta access will happen on July 5, according to the beta FAQ page. Even if you were in the previous beta, you’ll need to sign up again. 

Here’s how to sign up:

1. Go to the Overwatch 2 beta site.
2. In the top right corner, log in to your Blizzard Account.
3. At the bottom of the Overwatch 2 beta page, choose your platform (and region for PlayStation players).
4. Then hit Request Beta Access.

If you want guaranteed beta access on June 28, you can purchase the Watchpoint Pack ($40). In addition to beta access on day one, you’ll also get two legendary character skins, a unique player icon and enough digital currency to buy the first two battle passes.

How do I download the Overwatch 2 beta?

Blizzard hasn’t released details on downloading the second beta, but it should follow the same process as the first beta. Here’s how that worked:

1. Log in to your Battle.net account and navigate to Overwatch on the game launcher.

2. In the bottom left, click the Game Version drop-down.

3. Select Overwatch 2 Tech Beta to install.

4. When the download is complete, hit the blue Play button to start.

Junker Queen spinning her axe

Junker Queen’s ultimate ability helps her close distance and end fights quickly.


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Junker Queen abilities

The new beta finally gives fans a chance to play as Junker Queen, a hero we’ve all been excited about and/or thirsting over since she was first teased on the Junkertown map. Here’s what we know about Junker Queen’s abilities, from the Overwatch Twitter account:

New Hybrid Map: Paraiso

The beta also adds Paraiso, a new hybrid map that explores Lucio’s home, including the DJ’s Clube Sinestesia. As with all hybrid maps, players will start by attacking or defending a control point, and if the attackers succeed, players will spend the rest of the map attacking or defending a payload. 

An underground club with light-up floor

Clube Sinestesia is where support hero Lucio found fame as a DJ.


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For more Overwatch 2 news, check out everything we learned from the Overwatch 2 reveal event.



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Icebergify: How To Create an Iceberg of Your Most Listened to Spotify Artists

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Been on social media today? Seen those bizarre musical Icebergs floating around in your feed? You’re not alone. Screenshots like this have been doing the rounds today, particularly on Twitter. 

It’s all created via the magic of a website called Icebergify.

Using the data from your Spotify listening habits, Icebergify creates an Iceberg of your most listened to artists ranked by popularity. At the tip of the iceberg? Your favourite “mainstream” artists. Your Taylor Swifts, your Beyonces, your Drakes, etc. The further down you go, the more obscure it becomes. It looks a little like this…

If you want to see your own iceberg, you can head to the website directly. Be warned: it does require your Spotify log-in. 

The Icebergify website was developed by Akshay Raj, a freshman studying Computer & Data Science at Rice University. He says he has no plans to monetize the site or use the data collected — which is limited to your username, Spotify account ID and the top 50 tracks and artists listened to over the past few years. 

How does it work? It’s fairly simple. Icebergify takes your most listened to artists and sorts them according to popularity rankings. Streams, shares, saves, likes, and followers are all taken into account. This is why Beyonce might be at the top of your iceberg, but lesser known artists are at the bottom, beneath the ocean. Also worth noting: It seems like Icebergify is being flooded due to its surprising popularity. Head back later if it doesn’t immediately work.





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Apple’s First Mixed-Reality Headset May Sport New M2 Processor

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Apple’s first mixed-reality headset could come with the company’s flagship M2 processor, just one of the “deluge” of new products the company is expected to unveil in the next year, Bloomberg’s Mark Gurman reported Sunday.

The M2, unveiled in June, features redesigned central processing units and a significant memory increase, which would provide a significant boost to the much-rumored headset over the previous M1 chip.

The much-rumored headset incorporating both virtual and augmented reality environments is expected to provide a boon to the gaming industry. Apple analyst Ming-Chi Kuo said earlier week that the headset — expected to be announced in January 2023 — would be the most complicated product Apple has designed yet.

Apple CEO Tim Cook has been vocal about his excitement about AR. Earlier this week, he explained that the tech industry is still in the “very early innings” of this technology’s possibilities.

“I couldn’t be more excited about the opportunities we’ve seen in this space, and sort of stay tuned and you’ll see what we have to offer,” Cook told China Daily.

Other products Gurman expects to debut in the next 12 months include four iPhone 14 models, three Apple Watch variations, several Macs with M2 and M3 chips, iPads, updated AirPods Pro earbuds, a fresh HomePod, and an upgraded Apple TV. 

Apple didn’t immediately respond to a request for comment.

Read moreApple AR, VR Headset Rumors: WWDC, Release Rumors, M1 Chip and More



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