Mortgage Research Center. Rates averaged 5.28% for a 15-year financed mortgage and 6.06% for a 20-year financed mortgage. Related: Compare Current Refinance Rates 30-Year Refinance Rates Drop 2.12%

To get the refinance you want, you need to explain your goal in words that the lender understands. This is a guide to what to say, complete with sample sentences that you can use as you kick off a refinancing conversation with a loan officer or mortgage broker.

SoFi reports refinancing a mortgage replaces an old loan with a new one, potentially offering better terms, but costs must be carefully weighed.

The rate on a 30-year fixed refinance climbed to 6.35% today, according to the Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.38%, and for 20-year mortgages, the average is 6.

If you bought a home in the US in the past few years, a period when mortgage rates surged to their highest levels in more than two decades, you probably had a plan: “Date the mortgage rate and marry the house.” The time to break up with your current ...

Christy Bieber has been a personal finance and legal writer since 2008. She has been published by WSJ Buy Side, Forbes Advisor, Miami Herald, CNN Underscored, Insurify, Credit Karma, USA Today, MSN Money, Yahoo Finance, Fox Business, MoneyWise, and more.

Finding a financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in ...

When you refinance a personal loan, you pay it off with another loan. Ideally, your new loan has a lower rate. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our ...

Refinancing debt is a financial strategy that involves replacing an existing loan with a new one, typically to secure better terms. This process can lead to lower interest rates, reduced monthly payments, and improved financial management. By understanding ...

“If you’ve got a low score but you have strong income and a good loan-to-value ratio, you can get refinanced,” Goodall said. Most lenders cap loan amounts at 125% of a car’s value. If your car is worth $20,000 and your loan balance is $15,000, that low 75% loan-to-value ratio might get you approved, even if you have a 580 FICO Score.