With Federal Reserve interest-rate cuts coming into view, homeowners whose mortgage rates are at 6% and 7% may start considering refinancing to cut their monthly payments. Refinancing a mortgage can be a good move,

And the slowdown followed a surge in demand during the pandemic. Mortgage-rate locks for second homes jumped 96.2% above prepandemic levels in October 2020, as "wealthy Americans took advantage of ultra-low mortgage rates at a time when many of them could work remotely from vacation towns," the report said.

These are today's mortgage and refinance rates. Mortgage rates are down ahead of an expected Fed cut, but they might not drop much further this week.