Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reserve’s interest rate policy decisions. That can move the trajectory of the 10-year Treasury yield, which lenders use as a guide to pricing home loans.

The rate on a 30-year fixed refinance declined today. The average rate for refinancing a 30-year fixed mortgage is currently 6.80%, according to Curinos. For refinancing a 15-year mortgage, the average rate is 5.

With Federal Reserve interest-rate cuts coming into view, homeowners whose mortgage rates are at 6% and 7% may start considering refinancing to cut their monthly payments. Refinancing a mortgage can be a good move, but it’s not a simple one, financial advisers say.

Mortgage refi rates for 30-year loans dropped to their lowest level since early 2023. Refi rates have been declining steadily for the past few weeks.

Dropping mortgage rates usually result in a lot of knee-jerk refinances, but they're not always to your benefit. Find out what to consider here.

After a massive upheaval in the housing market, mortgage rates have relaxed, prompting some experts to say now might be a good time to buy.

Rates on 30-year mortgage refinance loans rose by 2 basis points Friday, hitting an average of 6.30%. However, the 30-year refi average is still near its cheapest level since February 3, 2023.