India, Aug. 31 -- The average interest rate for a 30-year fixed-rate mortgage refinance is 6.76%. The rate is almost unchanged from last week. A borrower refinancing $100,000 at this rate would pay about $649 per month in principal and interest.

This amount does not include taxes and fees. Over the full loan period, the borrower would pay around $134,525 in total interest. Forbes reported these payment estimates using its mortgage calculator.

The average rate for a 20-year fixed mortgage refinance is 6.58%. It was 6.61% last week, meaning the rate fell by 0.03 percentage points. For a $100,000 refinance, the monthly principal and interest payment would be about $750. Taxes and fees are not included in this amount. The borrower would pay...