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Refinance Home Loan Rates – Mortgage Rates Drop to New Lows

Posted on | November 22, 2009 | 1 Comment

Refinance home loan rates are getting very close to all-time lows. The 30 year fixed mortgage rate has dropped to 4.65% which is just a few percentage points above the all-time low of 4.61%. This low of 4.61% is on a weekly average and happen back in March of 2009.

No one knows if we are going to hit all-time low in the near future but there is a strong possibility of this. President Obama and his staff have worked very hard to make sure the interest rates stay low. The federal reserve bank has been buying mortgage-backed securities since March and this is helped to push mortgage rates to very low levels.

If you’re in the market to get a lower mortgage interest rate than now is the time to start doing your research and locking into a low rate. Many homeowners strongly desire to refinance below the 5% level. Not only can you refinance below this level you can also refinance below the 4.75% level which is almost unthinkable.

There are many mortgage lenders out there who are willing to offer assistance when it comes to getting a low mortgage interest rate. It is almost impossible to avoid these advertisements on television and on the Internet. By doing any mortgage search you are likely to find advertisements for interest rates well below 5%.

As always, make sure to do your diligent research before making any financial decision. It would also be a good idea to read the entire financial document before signing on the dotted line. You do not want to have problems in the future that could have been solved today by simply reading the document.

If the current economy and your financial struggles have gotten you down make sure to check out the inspirational blog My Life After Retail.  The blog is an account of the journey to find peace of mind and happiness in today’s society.

Author: Mike Garner

Category: Refinance Home Loan Rates

Comments

One Response to “Refinance Home Loan Rates – Mortgage Rates Drop to New Lows”

  1. Kevin Benner
    November 22nd, 2009 @ 9:56 pm

    You have to believe the fed is going to do all they can to keep rates low as far into 2010 as possible as is usually the case though the fed will be to slow to lay off the gas and inflation will start to creep into the picture towards the end of 2010 beginning of 2011. Take advantage of the low rates why you can.

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