Mortgage Research Center. Rates averaged 5.25% for a 15-year financed mortgage and 5.99% for a 20-year financed mortgage.

A $400,000 mortgage refinanced at today’s rates could lower monthly payments by roughly $260, though closing costs can offset ...

Mortgage rates dropped again last week, sparking a small jump in refinancing, but potential buyers were not impressed.

The rate on a 30-year fixed refinance fell to 6.04% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.24%. For 20-year mortgage refinances, ...

Home equity is at historic highs. If you've faithfully paid your mortgage over the years, you've likely built up quite a bit of it yourself. According to the Federal Reserve, American homeowners are ...

Home equity loans, HELOCs and cash-out refinances are three popular ways to borrow money, using your home as collateral. A cash-out refinance replaces your existing mortgage while home equity loans ...

Home equity is a valuable financial resource. By definition, it’s the difference between your home’s value and how much you owe on your mortgage. For example, if your home is worth $500,000 and you ...