Mortgage refi rates increased slightly on Thursday after three days of declining averages. Last week, 30-year mortgage refinance rates plunged to a 19-month low.

See current 30-year refinance rates and how they've been trending. Find the lowest rates to save on your mortgage, lower your payments, or access home equity.

After plunging last week to a 19-month low, but then rising back up, 30-year refi rates have again begun dropping—three days in a row. Most other refi rates have also dipped.

There are a lot of reasons why people decide to refinance a mortgage. You may want to take advantage of lower interest rates, which can save you thousands of dollars. Or, you might want to access some of the equity you’ve built up in your home for a big project.

Mortgage rates have fallen to their lowest level since early 2023. Should you apply to refinance? Keep reading to find out.

Refinancing your mortgage can help you get a lower monthly payment. You also have the opportunity to change up your loan type and term. A cash-out refinance is another mortgage refinancing option that lets you convert home equity into cash. That lump sum could pay for a home renovation or to retire high-interest credit card or student loan debt.

When you need cash and own a home, your equity is valuable. But should you refinance your home or get a reverse mortgage instead? Let’s look at the options.

The looming threat of Canada's mortgage renewal crunch Dylan Smith, senior economist at Rosenberg Research, talks with Financial Post's Larysa Harapyn about how the looming mortgage renewal crunch may force the Bank of Canada to cut sooner rather than later.