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

The rate on a 30-year fixed refinance declined to 6.56% today, according to the Mortgage Research Center. Rates averaged 5.64 ...

Treasury Secretary Henry Paulson says he is hopeful that the steps the Bush administration is taking will help identify mortgage holders who might have problems down the line, and offer assistance to ...

Refinancing could make sense if you want to lower your interest rate, get rid of mortgage insurance or change loan terms ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

Refinancing a mortgage offers homeowners the ability to save money over the lifetime of their loan and even make payments more manageable. When you undergo a mortgage refinance, you can lock in a ...

Katherine Watt is a former CNET Money writer focusing on mortgages, home equity and banking. She previously wrote about personal finance for NextAdvisor. Based in New York, Katherine graduated summa ...