Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.28%, and for 20-year mortgages, the ...

The rate on a 30-year fixed refinance slipped to 6.11% today, according to the Mortgage Research Center. Rates averaged 5.22% ...

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 ...

When you have equity in your home — meaning your outstanding home loan balance is less than the house’s value — you can take out loans against that equity. You have two options: refinancing your ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

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Refinancing is the process of changing your home loan or mortgage to new terms, including the interest rate, the loan duration and the loan type. A home equity loan, often called a second mortgage, is ...

Home equity loan refinances can reduce your monthly payments, though there are some risks to be aware of. As home equity loan rates continue to decline, homeowners may consider a home equity loan ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But it can be difficult to decide to refinance a home equity loan, even ...

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. You took out a home ...