Mortgage refinance can help borrowers save money on interest and lower their monthly payments, but it’s important to understand all the associated costs to ensure it’s worth it. Mortgage refinancing ...

This week the Freddie Mac 30-year fixed interest rate averaged 6.35%. Sam Khater, Freddie Mac’s chief economist, noted the 15 basis point-drop from last week was the largest weekly drop in a year.

A cash-in refinance is the opposite of a cash-out refinance: you'll refinance your mortgage for a lower interest rate with a higher down payment. Maybe you've gotten an inheritance, a bonus at work or ...