Here are the average annual percentage rates (APR) on 30- and 15-year fixed mortgage refinances and 5/1 ARM refinances: Today’s Mortgage Refinance Rates The average APR for a 30-year fixed refinance ...

Refinancing could make sense if you want to lower your interest rate, get rid of mortgage insurance or change loan terms ...

One common misconception is that refinancing is free or that it costs the same with every lender. And this isn't the case at all -- refinancing comes with closing costs, just like when you obtain a ...

Mortgage rates have dropped, but refinancing is not always the right move.The first rule is to check if your current rate is at least 1% higher than today’s average. For example, refinancing a ...