Current refinance rate trends. At the start of 2025, many expected inflation to keep cooling down and the Federal Reserve to cut interest rates, which would have gradually lowered mortgage ...

The rate on a 30-year fixed refinance declined to 6.93% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.89%. For 20-year ...

Who should refinance their mortgage now? The average 30-year mortgage rate, as of December 6, 2023, is 7.43% — while 15-year refinance rates are significantly lower, sitting at 6.80% ...

Current refinance rate trends. At the start of 2025, many expected inflation to keep cooling down and the Federal Reserve to cut interest rates, which would have gradually lowered mortgage ...

Mortgage rates have dropped significantly in recent months, and that means one thing for those who bought a home in the last couple years: It might be time to refinance.

"Home values have increased, lowering the loan-to-value (LTV) for some borrowers, which could lead to a better rate," Hummel says. For example, if your home's value increased from $300,000 to ...

When refinancing a mortgage, it's important to understand how the two options—cash-out and rate-and-term mortgage—can affect your finances.

The average rate on the 30-year fixed mortgage fell this week to 6.67%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.77%.