"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 ...

The millions of American renters longing to buy a home are doing the math again after the Fed’s rate cut. It still doesn’t add up. Though average rates on a 30-year mortgage dropped to just over 6% ...

For decades, the conventional wisdom about mortgage refinancing has been clear: You should swap loans only when mortgage rates have dropped a full percentage point from the rate on your original loan.