Refinance rates on 30-year mortgages subtracted another 2 basis points Monday, lowering the national average to 6.27%. That's now the lowest reading for 30-year refi rates in almost two weeks. But it's also about a quarter percentage point above the Sept. 16 low of 6.01%—the cheapest level seen in 19 months.

Mortgage interest rates could still fall in October, even without a Fed meeting. Here's what could cause that drop.

If you ever thought about refinancing your mortgage, your goal is probably to find a lower interest rate and reduce your monthly payments. After all, most homeowners aren't inclined to trade in their current mortgage rate for a more expensive one.

The interest rate cut that Metro Detroit home buyers were waiting for finally arrived, but experts say it will take a bigger drop to revive the sluggish market. The big picture: Local home sales fell more than 11% in August compared with the same time last year,

Mortgage interest rates are dropping. Here's how to find the best one this October, according to some experts.

Lower mortgage rates are leading to an uptick in refinances. But should you get a new mortgage now? Read on to find out.

Key Takeaways - When Should You Refinance an Adjustable-Rate Mortgage? Adjustable-rate mortgage loans grew more popular in 2022 thanks to a record surge in mortgage rates. Favorable short-term introductory rates can make ARMs an attractive option for some homebuyers.