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Refinance Home Loan Rates – Low Mortgage Rates in Los Angeles, California?

Posted on | December 16, 2009 | No Comments

Refinance home loan rates have been very low since the beginning of September. If you are looking to get a lower mortgage interest rate in Los Angeles, California you might be in luck. The 30 year fixed mortgage interest rate is around 4.75% right now which is just off its all-time lows. The all-time low was set at the end of November when mortgage rates were around 4.49%.


If you have been thinking about refinancing your current home loan rate now might be the best time ever to get it done. You might not have picked the very bottom but you are still going to greatly benefit by refinancing under 5%. If you continue to wait in hopes of timing the bottom for mortgage rates then you might risk not getting the refinance below 5%.

There are many mortgage lenders out there who are currently advertising mortgage interest rates well below 5%. By simply doing some research online you are likely to find that many of these lenders are willing to do whatever it takes to get your business. Make sure that you understand this and use these competitors to find the best interest rate you can get.

Many homeowners in the western part of the country have seen a great decrease in the value of their home price. One thing you can do to offset the decrease in your home price is to refinance to a lower mortgage interest rate. Although this won’t completely erase all of the losses in your home it will allow you to save money on your future mortgage payments.

When making a decision as important as refinancing your home loan it is important to step back and think about what your options are. If you cannot save one full percentage point on your refinance rate than it is probably not worth it to go through the mortgage refinance process.  You will need to save at least a full percentage point to offset refinance costs.

Author: Mike Garner

Category: Refinance Home Loan Rates

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