Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.15%. On a 20-year mortgage refinance, the average rate is 6%.  Related: Compare Current Refinance Rates 30-Year Refinanc ...

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 ...

A rental property can generate income from rental payments, but your loan could limit your profits. You may consider refinancing if you've been stuck with a high interest rate or don' ...

The price you pay is about more than your monthly installment.

Homebuyers with a $360,450 mortgage can save tens of thousands by refinancing from a 7.0% rate to a 6.5% rate.

A mortgage refinance swaps out your old mortgage with a new one, including a fresh set of terms and interest rate. It may or may not come with financial benefits, depending on your goals and how a new ...