A half-point dip may not be enough to offset closing costs. Here's the magic number that makes refinancing pay off.

Your mortgage loan is amortized. which means it is stretched out over a predetermined length of time through regular mortgage ...

Each point you pay is equal to 1 percent of the mortgage loan amount. Thus, one point on a loan of $175,000 is $1,750. Lenders can charge as many points as they want, but at some level the loan ...

Mortgage rates haven’t been this low since mid-October 2024. However, some perspective is in order: For the past 10 months, ...

While still higher than the norm, the reduction in this spread is good news when it comes to mortgage rates for potential ...

Compare average mortgage rates on different types of home loans so you can pick the best mortgage for your needs as you house shop.

Long Islanders applying for a mortgage are making a decision that can affect their monthly expenses for years to come, making ...

If you're planning on getting a mortgage to buy a home, keeping an eye on rates is a smart move. Rates can shift ...