Mortgage rates today fell to 6.88%. Find out if rates are expected to drop further and see example payments for $300K to ...

Typically, experts recommend you spend no more than 28 percent of your monthly gross income or 25 percent of your net income ...

Given that 30-year refi rates sank as low as 6.71% in March, however, today's rates remain elevated. The current average is ...

CNBC Select has chosen the best mortgage lenders based on affordability, credit requirements, customer service and more.

The average 30-year fixed mortgage rate has been elevated for a couple of years, reaching a recent high of 7.79% in October 2023. Since then, mortgage rates have trended downward with periodic ...

For example, on a $500,000 mortgage, you'd save $329 on the monthly payment with a 6% versus a 7% rate. ... and they’ll spit out sample refinance rates from various lenders.

Old monthly mortgage payment – New monthly mortgage payment = Monthly savings $1,995.91 – $1,798.65 = $197.26 Now, figure out how many months it will take to recoup the refinance costs: ...