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MarketWatch
Student loan refi rates hit record lows, with some loans starting below 2%. Should you refi now?
The rates to refinance your student loans hit their the lowest levels since finance firm Credible — which looks at rates for borrowers with credit scores of 720 and above in their marketplace — began tracking rates a year and a half ago. Indeed, average interest rates on 5-year variable loans were 2.41%, while interest rates on 10-year, fixed rate loans were near record lows at 3.35%, for the week ending November 29. Of course, the rate you’ll actually qualify for depends on a variety of factors, including your credit score, debt levels and income.
