Refinance, Mortgage
Mortgage Refinance Rates Are Down, But Should You Refi to a 30-, 20-, or 15-Year Mortgage?
The average mortgage refinance rate on 30-year loans dropped to a 19-month low of 6.01% this week. Before refinancing, compare loan terms and interest rates to make the right decision
Should You Refinance Your Mortgage After the Fed’s Interest Rate Cut?
People who bought homes in the past two years may want to seek a lower interest rate. Here’s how to think it through — and how to shop.
Here's How to Know When It's Time to Refinance Your Mortgage
Mortgage rates may be dropping, but it's up to you to know refinancing makes the most sense. Here's how to figure it out.
Mortgage Refinance Rates Keep Moving Higher
After plummeting earlier this week to their lowest levels since early 2023, refinance rates on 30-year, 20-year, and 15-year mortgages have all jumped higher.
Should You Refinance Your Mortgage Now That the Fed Just Cut Rates?
Refinancing your mortgage can help you get a lower monthly payment. You also have the opportunity to change up your loan type and term. A cash-out refinance is another mortgage refinancing option that lets you convert home equity into cash. That lump sum could pay for a home renovation or to retire high-interest credit card or student loan debt.
Interest Rate Cuts Are Here. Should You Rush to Refinance Your Mortgage?
You may be tempted to swap your current mortgage for a new one. But read on to see why you might want to wait.
With interest rates falling, is it time to refinance mortgage? Here’s a pro’s advice
The right time to refinance your mortgage depends on your individual financial situation and goals. If your goal is to reduce your interest rate and monthly mortgage payments, shorten the loan term or tap into your home’s equity, refinancing may be a strategic move in line with your goals.
How much does it cost to refinance a mortgage?
Expect to pay closing costs between 2% and 6% of the loan amount when refinancing a mortgage. Here’s a closer look at the different types of fees.
2 Situations When You Should Never Refinance Your Mortgage
With the Federal Reserve poised to knock down rates, it's tempting to plan a refinance. But does it make financial sense? Find out here.
Should you refinance your mortgage? Here’s what to consider
In early August, refinance applications were up nearly 60% versus the same period a year earlier, according to the Mortgage Bankers Association. The chance to refinance at a lower rate may be especially appealing for those who bought homes in 2023 when mortgage rates surged above 7%.
This mortgage hack could save you thousands a year — and it’s not a refinance
Homeowners looking to leverage lower mortgage rates can ask their lenders for a “rate modification,” financial experts say.
SoFi Mortgage Refinance Review 2024: Flexible, No-Fuss Refi Options
SoFi mortgage refinance loans offer homeowners a seamless, no-frills process. Learn more with our SoFi refinance review.
Can you refinance a HELOC — and should you?
Understanding whether you can refinance a HELOC, including the benefits, alternatives and the process involved, will help you ...
For Home Shoppers, the Fed’s Big Cut Is Likely Just a Small Step Towards Affording a Home
The Federal Reserve gave home shoppers what they hoped for this week: a big rate cut and a signal of more cuts to come ...
Will a Jumbo Interest Rate Cut Be Followed by a Recession? It's Happened Before
Key Takeaways The Federal Reserve began what will likely be a campaign of interest rate cuts Wednesday by cutting its ...