Refinance rates on 30-year mortgages subtracted another 2 basis points Monday, lowering the national average to 6.27%. That's now the lowest reading for 30-year refi rates in almost two weeks. But it's also about a quarter percentage point above the Sept. 16 low of 6.01%—the cheapest level seen in 19 months.

As rates drop, it's natural to look for ways to take advantage of them. Here, you can learn if refinancing now is a good idea.

Mortgage interest rates could still fall in October, even without a Fed meeting. Here's what could cause that drop.

If you ever thought about refinancing your mortgage, your goal is probably to find a lower interest rate and reduce your monthly payments. After all, most homeowners aren't inclined to trade in their current mortgage rate for a more expensive one.

Jerome Powell and the Federal Reserve did as expected on Sept. 18, cutting the benchmark interest rate by 50 basis points to 4.75% to 5%. This is a sign that inflation has mostly been tamed. It also suggests that mortgage rates will follow suit,

Key Takeaways - When Should You Refinance an Adjustable-Rate Mortgage? Adjustable-rate mortgage loans grew more popular in 2022 thanks to a record surge in mortgage rates. Favorable short-term introductory rates can make ARMs an attractive option for some homebuyers.