The rate on a 30-year fixed refinance slipped to 6.11% today, according to the Mortgage Research Center. Rates averaged 5.22% for a 15-year financed mortgage and 6.01% for a 20-year financed mortgage.

Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.28%, and for 20-year mortgages, the average is 6.08%. Related: Compare Current Refinance Rates 30-Year Refi ...

The price you pay is about more than your monthly installment.

How does refinancing a mortgage work? A mortgage refinance swaps out your old mortgage with a new one, including a fresh set of terms and interest rate. It may or may not come with financial benefits, ...

Homebuyers with a $360,450 mortgage can save tens of thousands by refinancing from a 7.0% rate to a 6.5% rate.

Mortgage rates have dropped, but refinancing is not always the right move.The first rule is to check if your current rate is at least 1% higher than today’s average. For example, refinancing a ...

Back in 2009, Sally and Harry were lucky enough to keep their jobs during the Great Recession. After saving up a down payment ...

Mortgage rates are trending lower, although they remain slightly above 6%. Rates are expected to remain in their current ...