Sometimes Scrooge arrives before Santa. In December, the Federal Reserve played miser when it bumped the cost of short-term debt by a quarter point. Consumers may not want to wait for the agency to ...

How does refinancing a mortgage work? A mortgage refinance swaps out your old mortgage with a new one, including a fresh set of terms and interest rate. It may or may not come with financial benefits, ...

Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.28%. For 20-year mortgage refinances, ...

Q: We hear that interest rates may drop soon, and we would like to refinance our currently high interest rate mortgage. What can you tell us about picking an adjustable rate vs. a fixed rate mortgage?

Mortgage rates have dipped to their lowest point since May 2023, averaging 6.59 percent according to a Bankrate survey. When rates are down, this opens new opportunities not just for new homebuyers, ...

Are you looking to refinance your FHA loan? Switching to a conventional loan could be ideal if you qualify for more competitive terms or if you want to get rid of mortgage insurance. But is it the ...

Annual spending on home improvements has been down in recent years, but that’s expected to change in 2025 with a 1.2 percent increase in renovation spending, according to a report by the Joint Center ...

Recover closing costs within 5 years, and other tips. May 17, 2010 — -- Have you heard? Mortgage rates hit their lowest point of the year last week. Wow, every time I think they can't go any ...