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The average interest rate on a 30-year fixed refinance decreased to 6.58% today, according to the Mortgage Research Center.

Should you refinance now? Which companies offer good rates? How can you lower costs and still get the amount you need? Browse Investopedia’s expert-written library to learn more.

Cash-out refinances reached a 3-year high in Q2 2024. Average homeowner pulled $94K, adding $590 to monthly payment. U.S. homeowner equity hit record $17.8 trillion in Q2. About 564K borrowers now owe ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. If you're on the fence about whether to move forward with refinancing, ...

Homeowners are cashing in on years of home equity gains, even as mortgage rates remain elevated. The trend sent cash-out home refinancing activity to a nearly three-year high in the April-June quarter ...

U.S. homeowners held a record $11 trillion in tappable home equity in the first quarter of 2026, according to data from ...

Interest rates have remained stubbornly high over the past year as the Federal Reserve tried to push back against sticky inflation. While rate cuts were, at one point, expected to happen starting in ...

Joshua Rodriguez is a writer with a passion for helping people understand the impact of their financial decisions (good or bad). His articles on mortgages, home equity loans, credit cards, budgeting, ...

Refinancing a home equity loan can lower monthly payments and lengthen or shorten your loan term. Drawbacks to refinancing a ...