The rate on a 30-year fixed refinance dropped to 6.14% today, according to the Mortgage Research Center. The average ...

The rate on a 30-year fixed refinance climbed to 6.18% today, according to the Mortgage Research Center. Rates ...

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 ...

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 ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. While a HELOC comes with a variable interest rate subject to change and ...

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 ...

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 ...

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 ...

If you have a home equity loan, you might consider refinancing it by taking out a new home equity loan, a new home equity line of credit (HELOC), or a new, larger first mortgage. The goal may be to ...

Refinancing a home equity loan can lower monthly payments and lengthen or shorten your loan term. Drawbacks to refinancing a home equity loan include prepayment penalties and closing costs.

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 ...