Mortgage Research Center. Rates averaged 5.22% for a 15-year financed mortgage and 5.92% for a 20-year financed mortgage ...

A smart refinance can save you thousands, but only if you know how to avoid costly pitfalls, calculate true savings and ...

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Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including investing, homebuying, loans and more. The Federal Reserve ...

Refinancing a home can be a very smart financial move for many homeowners looking to lessen the burden of paying a loan. It involves replacing your current mortgage with a new one that has favorable ...

The rate on a 30-year fixed refinance slipped to 6.2% today, according to the Mortgage Research Center. Rates averaged 5.26% ...

Refinancing a home equity loan can lower monthly payments and lengthen or shorten your loan term. Drawbacks to refinancing a home equity loan include prepayment penalties and closing costs.

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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. Refinancing your mortgage ...

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 ...

Refinancing your mortgage may not be the best decision for you, so consider the reasons not to refinance your home. A homeowner with financial woes could find themselves considering refinancing their ...