The rate on a 30-year fixed refinance climbed to 6.18% today, according to the Mortgage Research Center. Rates averaged 5.2% for a 15-year financed mortgage and 5.9% for a 20-year financed mortgage.

Mortgage rates can make a significant difference in how much money you pay overall when you buy a home. For example, on a $350,000 30-year fixed-rate mortgage, you could save more than $36,000 in total interest by getting a mortgage rate of 6.19% instead of 6.63%.

HELOC interest rates just hit a multi-year low. But is this the right home equity product to borrow with right now?

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.  A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up to 85% of their home's value and pay that amount back in monthly installments.

Buying a home is the most expensive purchase many people make in their lifetime. Some people do it only once, while others are in the market with greater frequency. In any instance when the home buying process involves securing a mortgage,

Borrowers should carefully weigh their home equity loan pros and cons before getting started with the product. /iStockphoto . If you find yourself in need of extra mon

Refinancing your home equity loan can cut thousands in interest — especially if you're stuck with rates from 2023's spike. Here's how to decide if it's right for you.

Discover how banks set loan interest rates, from Federal Reserve policies to market trends and borrower creditworthiness, for better financial decisions.

Hoping to buy a home or refinance your existing one? Here are the mortgage interest rates you need to know now.