Refinancing your mortgage means replacing your home’s current mortgage loan with a new one. Homeowners typically refinance to lower their interest rate, but there are other reasons to consider it as ...

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 ...

How does refinancing a mortgage work? 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, ...

Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.15%. For 20-year mortgage refinances, the average rate is 6%. Related: Compare Current Refinance Rates 30-Year Fi ...