Part of determining if a mortgage refinance is practical is weighing the balance between its benefits and costs.

The rate on a 30-year fixed refinance fell to 6.23% today, according to the Mortgage Research Center. Rates averaged 5.36% for a 15-year financed mortgage and 6.11% for a 20-year financed mortgage.  R ...

Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.34%. On a 20-year mortgage refinance, the ...

Average mortgage rates dropped throughout 2025, with APRs on home loans down from about 7% at the beginning of last year to ...

If you took out a mortgage in the last year or two, you might still be reeling from the closing costs you paid — and understandably hesitant to repeat the process even if mortgage rates have fallen ...

If mortgage rates are lower now than they were when you originated your current loan, then refinancing can help reduce your monthly payments and work faster toward paying off your house. A cash-out ...

For many homeowners, refinancing sounds like an easy way to save money, lower payments, or free up cash. After all, as interest rates fall, why not replace your existing loan with something cheaper? A ...

Refinancing your home equity loan can cut thousands in interest — especially if you're stuck with rates from 2023's spike. Here's how to decide if it's right for you.