Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.15%. On a 20-year mortgage refinance, the average rate is 6%.  Related: Compare Current Refinance Rates 30-Year Refinanc ...

The rate on a 30-year fixed refinance declined to 6.06% today, according to the Mortgage Research Center. Rates averaged 5.18% for a 15-year financed mortgage and 5.96% for a 20-year financed mortgage ...

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

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Whether you’re looking to lower your monthly mortgage payment, lock in a better interest rate, or tap into your home’s value for cash, there’s one number that matters most: your home equity. Home ...

There’s been an uptick in homeowners opting to invest in big renovations in the coming year. However, with tariffs and inflation, the costs of renovations are going up, and some homeowners want to tap ...

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, ...

Yes, you can refinance both home equity loans (HELoans) and home equity lines of credit (HELOCs) — and if you borrowed during the 2023 rate spike, now might be the time to look into it. Home equity ...

What is refinancing? When should homeowners consider it? Refinancing could save homeowners thousands of dollars during the course of their home loan. It can improve the interest rate, the terms of the ...

A rental property can generate income from rental payments, but your loan could limit your profits. You may consider refinancing if you've been stuck with a high interest rate or don' ...

Refinancing a home equity loan can lower monthly payments and lengthen or shorten your loan term. Drawbacks to refinancing a home equity loan include prepayment penalties and closing costs.