While home equity loan rates at 8.38% (on average) are higher than mortgage refinance rates at 6.80% for a 30-year refinance, home equity loans will allow you to keep your current mortgage rate.

While home equity loan rates at 8.38% (on average) are higher than mortgage refinance rates at 6.80% for a 30-year refinance, home equity loans will allow you to keep your current mortgage rate.

The company also added a new marketing executive to drive growth, with current expansion coming after it also secured an ...

Understanding mortgage and refinance rates is key when navigating the Texas housing market. These rates aren’t set in stone, though. They fluctuate based on factors like 10-year Treasury yields, ...

Understanding mortgage and refinance rates is key when navigating the New York housing market. These rates aren’t set in stone, though. They fluctuate based on factors like 10-year Treasury yields, ...

Higher interest rates. As a type of second mortgage, rates for home equity products can be 1% to 2% percentage points higher than first mortgages or cash-out refinancing, since they're riskier for ...

Home equity is a valuable financial resource. By definition, it’s the difference between your home’s value and how much you owe on your mortgage. For example, if your home is worth $500,000 ...

PHH Mortgage, one of the largest mortgage servicers in the U.S., and a subsidiary of Onity Group Inc. (NYSE: ONIT), is expanding its partnership with Blend Labs, Inc. (NYSE: BLND) to deliver ...

You can even change the lender if you like, too. "Yes, you can refinance a home equity loan just like any other loan," says John Aguirre, mortgage broker at Loantown.

A refinance with no closing costs can be helpful because it frees up cash for other things. A no-cost mortgage refinance can be expensive in the long run if you keep your home loan for many years.

Reason #1: You Won’t Be in Your Home for Long According to Greg Clement, founder and CEO at Realeflow, the rule of thumb is you don’t want to refinance if you likely can’t hold the new loan ...