A half-point dip may not be enough to offset closing costs. Here's the magic number that makes refinancing pay off.

If you're planning to refinance your home this fall, you may not need as much of a rate reduction as you think.

Refinancing could make sense if you want to lower your interest rate, get rid of mortgage insurance or change loan terms ...

Refinancing a mortgage means getting a new loan to replace your current mortgage, which could lower your interest rate, accelerate your repayment term or cash out equity — all of which can help ...

The rate on a 30-year fixed refinance decreased to 6.23% today, according to the Mortgage Research Center. The average rate ...

Mortgage refinancing activity has spiked in recent weeks as mortgage rates drifted lower, but some homeowners may be holding ...

Explore firsthand accounts of how mortgage refinancing can save money, consolidate debt, and eliminate insurance costs, ...

Home equity is a valuable financial resource. By definition, it’s the difference between your home’s value and how much you owe on your mortgage. For example, if your home is worth $500,000 and you ...

Joshua Rodriguez is a writer with a passion for helping people understand the impact of their financial decisions (good or bad). His articles on mortgages, home equity loans, credit cards, budgeting, ...

Ever thought about refinancing your home? You hear the term - maybe see ads for it - but what’s the real deal? Is it a smart money move or a financial trap? FOX 5 real estate expert John Adams joined ...

After years of building equity in your home, you might find yourself needing access to funds. Indeed, the average U.S. homeowner now has about $207,000 in "tappable" equity – that is, funds they could ...

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 ...