Caroline Basile

2 days ago | forbes.com | Caroline Basile

30-year fixed refinance mortgage rates remained unchanged at 6.89% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.79%. For 20-year mortgage refinances, the average rate is 6.71%. Related: Compare Current Refinance RatesAt 6.89%, the average rate on a 30-year fixed-rate mortgage refinance is up 0.32% from this time last week. On a 30-year fixed mortgage refi, the APR (annual percentage rate) is 6.92%, higher than last week’s 6.9%.

2 days ago | forbes.com | Caroline Basile

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. A home equity line of credit is a variable-rate second mortgage that draws on your home’s value as a revolving line of credit.

2 days ago | forbes.com | Caroline Basile

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5 days ago | forbes.com | Caroline Basile

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. A home equity line of credit is a variable-rate second mortgage that draws on your home’s value as a revolving line of credit.

5 days ago | forbes.com | Caroline Basile

The rate on a 30-year fixed refinance slipped to 6.85% today, according to the Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.72%, and for 20-year mortgages, the average is 6.62%. Related: Compare Current Refinance RatesThe current 30-year, fixed-rate mortgage refinance average rate stands at 6.85%, versus 6.79% last week. The annual percentage rate (APR) on a 30-year, fixed-rate mortgage is 6.88%, higher than last week’s 6.82%.