Refinancing can be a valuable way for homeowners to borrow home equity, but it should be avoided in 2026. Here's why.

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

There are other ways to put money in your pocket using home equity.

Average mortgage rates dropped throughout 2025, with APRs on home loans down from about 7% at the beginning of last year to ...

Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.34%. On a 20-year mortgage refinance, the ...

Homeowners are cashing in on years of home equity gains, even as mortgage rates remain elevated. The trend sent cash-out home refinancing activity to a nearly three-year high in the April-June quarter ...

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 may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. While a HELOC comes with a variable interest rate subject to change and ...

Hands exchanging keys with a model home attached - Kmpzzz/Shutterstock The average American mortgage is 30 years long, but most homeowners move or refinance long before that term is done. In some ...

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