The rate on a 30-year fixed refinance slipped to 6.27% today, according to the Mortgage Research Center. Rates averaged 5.33% ...

The rate on a 30-year fixed refinance slipped to 6.34% today, according to the Mortgage Research Center. The 15-year, ...

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Both products provide financing with traditionally low rates, but there are unique benefits and downsides to both.

Mortgage rates ticked back down this week, though only slightly. Where does that leave homebuyers looking to lock in a decent rate?

Now that mortgage rates have declined closer to 6%, a growing number of homeowners may benefit from refinancing.

When mortgage rates drop even one single percentage point, a refinance may help you see a noticeable difference in your monthly payment and total loan costs.