The average interest rate on a 30-year fixed refinance is 6.76% today, according to the Mortgage Research Center. Rates averaged 5.85% for a 15-year financed mortgage and 6.61% for a 20-year financed mortgage.

Not all lenders are created equal when it comes to refinancing costs, so it's important to get several quotes to make sure you're getting the best deal.  Plus, some lenders offer structures that help offset refinancing costs.

If you took out a government-backed mortgage over the last two years, you’re probably watching interest rates fall and wondering when to refinance. But before you take the refi plunge, you need to learn about a government program that can slash your ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. The Fed’s cut makes refinancing tempting, though the reality may surprise homeowners weighing the move. Sabrina Karl has over two decades ...

Explore the differences between mortgage forbearance, loan modification, and refinancing to determine which option is best for your financial hardship