Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.42%. For 20-year mortgage refinances, ...

The rate on a 30-year fixed refinance increased to 6.35% today, according to the Mortgage Research Center. Rates averaged 5.42% for a 15-year financed mortgage and 6.23% for a 20-year financed ...

Homeowners typically refinance if they can get better interest rates. Refinancing can also be a good idea if you want to change your mortgage term, remove mortgage insurance or switch from a variable ...

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 ...