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Mortgage interest rates just fell to a 3-year low. Here's why (and what to do now).

After years of elevated borrowing costs, mortgage interest rates have just taken a sharp turn lower, and homeowners and buyers are taking notice. According to the latest rate data from the Mortgage ... read more

Should you refinance your home equity loan with rate cuts issued again? Experts weigh in.

It can make sense to refinance your home equity loan as interest rates decline, but only in certain circumstances. read more

Why Refinancing Now Could Save You Money Amid Rising Mortgage Bills And Inflation

In 2024, American households felt the squeeze as homeownership costs—including mortgages, insurance, taxes and utilities—rose faster than inflation. The U.S. Census Bureau reports the median monthly ... read more

Falling mortgage rates: Is it time to buy or refinance?

Mortgages, which are paid back over a 15, 20, or 30-year period, need a much longer benchmark. So, mortgage rates are tied to the yield on the 10-year Treasury note, which is a much longer-term ... read more

Why refinancing your home equity loan could make sense now

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. read more

Mortgage Rates Remain High. So Why Are Homeowners Refinancing?

Terry has 25 years experience in journalism and communications, reporting on a range of topics that include personal finance, telecommunications, Congress, government regulations, and criminal justice ... read more

Why refinancing your home equity loan could make sense now

A home equity loan offers multiple advantages in today's economy. Thanks to elevated home prices, the average homeowner now has over $300,000 worth of equity to potentially borrow from. And despite ... read more