More than four million borrowers could potentially benefit from locking in a lower rate. Here’s what to consider.

Mortgage Research Center. Rates averaged 5.4% for a 15-year financed mortgage and 6.07% for a 20-year financed mortgage.

Mortgage Research Center. Rates averaged 5.4% for a 15-year financed mortgage and 6.07% for a 20-year financed mortgage. Related: Compare Current Refinance Rates 30-Year Fixed Refinance Interest Rates ...

If you meet the minimum requirements, refinancing a home equity loan may lower your interest rate and reduce your monthly payments. Some or all of the mortgage lenders featured on our site are ...

High interest rates are putting many homeowners in tough situations. Perhaps you took out a home equity loan as real estate prices rose, but now you're struggling to make repayments as your other ...

When you have equity in your home — meaning your outstanding home loan balance is less than the house’s value — you can take out loans against that equity. You have two options: refinancing your ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. You took out a home ...

Home equity loan refinances can reduce your monthly payments, though there are some risks to be aware of. As home equity loan rates continue to decline, homeowners may consider a home equity loan ...

Refinancing a home equity loan can lower monthly payments and lengthen or shorten your loan term. Drawbacks to refinancing a home equity loan include prepayment penalties and closing costs.