With mortgage rates showing signs of easing this fall, many Bozeman homeowners are taking a fresh look at their financing. After peaking above 7% earlier in the year, the 30-year fixed rate has settled closer to 6.37%, while the 15-year fixed is averaging 5.88%. For homeowners who purchased or refinanced when rates were higher, these recent shifts could mean meaningful monthly savings.
To make refinancing even more accessible, our lender, United Wholesale Mortgage, is currently contributing 90 basis points (0.90%) of your loan amount toward closing costs or to help buy down your interest rate on nearly all rate and term refinance products locked before 10/31/25. This lender credit gives you added flexibility to reduce your upfront expenses, lower your monthly payment, or create a stronger long-term savings plan by locking in a lower rate.
Even a 0.5%–1.0% rate reduction can significantly lower your monthly payment or shorten your loan term, depending on your goals. A rate-and-term refinance can help you:
- Reduce monthly payments by locking in a lower fixed rate
- Pay off your home faster with a shorter-term loan at a lower rate
- Build equity more quickly while potentially saving thousands in long-term interest
At Bank of Bozeman, we specialize in tailoring refinance options to your financial priorities. Whether your goal is lowering monthly expenses, paying off your mortgage sooner, or creating a clearer path toward financial freedom, our local team can help you evaluate the numbers and choose the right loan structure to fit your needs.
If you’re considering a refinance, now is an excellent time to explore your options before rates shift again. Our team can run a free, no-obligation analysis showing your potential savings.