The median price of a house in Albuquerque is just under $350,000, with mortgage rates over 7%. But Laura Garner, owner and broker at ERA Summit, thinks waiting for lower prices isn't necessarily wise ...

Key takeaways A cash-out refinance replaces your current mortgage with a new, bigger one that converts some of your home’s ...

After bobbing around for a week, rates on 30-year refi loans have now dropped for a second consecutive day. Rates fell for many other refinance loan types as well.

Several benchmark refinance rates have decreased. If your mortgage rate is 1% higher than today's rate, a refinance might be ...