30-Year Fixed Rates Fall to 5.25%, Refinance Applications Rise 22% This Week

30-Year Fixed Rates Fall to 5.25%, Refinance Applications Rise 22% This Week

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Refinancing Strategy: Focus on Break-Even Time, Not Just the Rate As mortgage markets adjust, homeowners weighing a refinance should prioritize whether the move makes financial sense over their remaining time in the home. Lower headline rates are attractive, but the full cost of refinancing — closing costs, changes in amortization and the decision to cash…

Refinance guide lender credits vs paying points at refinance

Refinance guide lender credits vs paying points at refinance

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Lender Credits vs Paying Points at Refinance: Which Is Right for You? When refinancing your mortgage you’ll often be offered a choice: accept lender credits (a higher rate in exchange for the lender covering some closing costs) or pay discount points upfront to lower your interest rate. Both options reduce your out‑of‑pocket costs or monthly…