Overall, it's unlikely we'll see another refinancing boom like the one in 2020-21 when mortgage rates were exceptionally low around 3%. Nevertheless, refinancing might be beneficial for other reasons, like changing the type of home loan, term length or taking someone off the mortgage.

It's been a pretty good run for mortgage rates since hitting their most recent highs last Tuesday. Each subsequent day saw a modest improvement. That winning streak finally ended today, but just barely.

With the average savings account paying 0.38%, according to the Federal Deposit Insurance Corporation (FDIC), it might feel a little bleak for savers. However, high-yield savings accounts still offer a way to get a little more yield.

Until mortgage rates fall back near 6% or below, experts don't anticipate another wave of refinancing activity.

The rate on a 30-year fixed refinance climbed to 6.74% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.68%. For 20-year mortgage refinances,

Mortgage rates are down and still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.78%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.