30 Year Fixed Mortgage Rates – Refinance Rates Below 4.7%
Posted on | November 20, 2009 | No Comments
The average for 30 year fixed mortgage rates has declined greatly since the beginning of September. Since September, mortgage interest rates have dropped on a steady basis. We have seen these rates drop all the way below 4.7% and there’s a good chance that we could see all-time lows very soon.
The all-time low weekly average for 30 year fixed mortgage interest rates is 4.61%. This all-time low happen back in March of 2009. We will have to see another steady decrease in mortgage interest rates to drop below this weekly all-time low but nothing is out of the question at this time.
With mortgage interest rates to slow many homeowners could benefit by refinancing. If you have thought about refinancing now might be the time to take action and action he applied for that refinance. If you could save a full percentage point on your mortgage you could possibly save hundreds of dollars a month on your monthly mortgage payment.
There are many lenders and financial institutions out there who would be willing to help you in the current economy. With mortgage rates so low many of these letters are working very hard to advertise. Every time you do a search on Google or watch the television you’re likely to see advertisements for low mortgage rates from many different financial institutions.
With this being the case it would be a good idea to contact several of these companies and see what they can do for you. You never know, you could end up saving several hundred dollars a month and possibly even thousands of dollars in 2010 by refinancing today.
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: Jesse Wojdylo
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