Refinance rates didn’t move today. If you’re looking to save on monthly payments or refinance into a shorter loan, you still have an opportunity to lock in a great rate.

The average rate on a 30-year fixed mortgage is 3.16%, according to Bankrate.com. On a 15-year fixed mortgage, the average rate is 2.45%. The average rate on a 20-year refinance loan is 2.99%, and the average rate on a 5/1 ARM is 2.86%.