Mortgage rates aren't likely to improve significantly this month, but refinancing could still make sense for other reasons.

Mortgage Research Center. Rates averaged 5.33% for a 15-year financed mortgage and 6% for a 20-year financed mortgage.

Caroline Basile is Forbes Advisor’s student loans and mortgages deputy editor. With experience in both the mortgage industry and as a journalist, she was previously an editor with HousingWire, where ...