With mortgage rates dropping, Jeff Rossen explains when refinancing makes financial sense and when it does not.

"Many assume that any drop in rates is enough to justify refinancing, but the math tells a different story," said Jake Vehige, president of mortgage lending at Neighbors Bank. "Unless you're seeing a ...

Mortgage rate today climbed slightly as of September 25, 2025. The 30-year fixed mortgage is 6.45% and 15-year fixed is 5.77% ...

Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.32%. For 20-year mortgage refinances, ...

This week the Freddie Mac 30-year fixed interest rate averaged 6.35%. Sam Khater, Freddie Mac’s chief economist, noted the 15 basis point-drop from last week was the largest weekly drop in a year.

Refinancing can be a tempting option when mortgage rates drop, but in truth, it's not always the right choice. As of Sept. 11, the 30-year mortgage rate stood at 6.35%, falling 15 basis points from ...

The right time to refinance depends on your financial situation.