Part of determining if a mortgage refinance is practical is weighing the balance between its benefits and costs.

Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.34%. On a 20-year mortgage refinance, the ...

Average mortgage rates dropped throughout 2025, with APRs on home loans down from about 7% at the beginning of last year to ...

Mortgage Research Center. Rates averaged 5.24% for a 15-year financed mortgage and 6.04% for a 20-year financed mortgage.  ...

If mortgage rates are lower now than they were when you originated your current loan, then refinancing can help reduce your monthly payments and work faster toward paying off your house. A cash-out ...

If you took out a mortgage in the last year or two, you might still be reeling from the closing costs you paid — and understandably hesitant to repeat the process even if mortgage rates have fallen ...

For many homeowners, refinancing sounds like an easy way to save money, lower payments, or free up cash. After all, as interest rates fall, why not replace your existing loan with something cheaper? A ...

Generally, saving money is a no-brainer, especially when it comes to your mortgage. But when it comes to refinancing your ...

Your location, loan amount and chosen lender can impact your refinancing costs ...