Mortgage Research Center. Rates averaged 5.25% for a 15-year financed mortgage and 5.99% for a 20-year financed mortgage.

The rate on a 30-year fixed refinance dropped to 6.02% today, according to the Mortgage Research Center. Rates averaged 5.27% for a 15-year financed mortgage and 5.93% for a 20-year financed mortgage.

Millions of homeowners could still benefit from refinancing their mortgages to get a lower interest rate. This is true even after a federal regulator startled lenders by dictating a new fee that ...