30 Year Fixed Mortgage Rates – Rates Under 4.65%
Posted on | December 9, 2009 | No Comments
The average for 30 year fixed mortgage rates is currently around 4.63%. Mortgage interest rates have been very volatile over the last few weeks as the 10 year treasury rate yield has been all over the map. Last week we sell mortgage interest rates as low as 4.49% before bouncing all the way to 4.76%. This week we are currently seeing mortgage interest rates very close to 4.65% on average.
The 10 year treasury rate yield was up over 7% last week but has been down almost 3% this week. This is a strong reason that mortgage rates have been so volatile. Even the fact that mortgage rates are up from their all-time lows it is still a great time to go to the mortgage refinance process. If you have been thinking about going to the refinance process in the recent past now would be one of the best times to take action.
If you have a decent credit score and equity in your home there’s a good chance that you can refinance under 5% today. There many mortgage lenders out there who will be more than willing to help you get a low refinance rate and you should take advantage of this. By simply doing some research and should not take you very long to find lenders that can help you get a low mortgage rate.
If you do not have a good credit score and you have very little equity in your home there’s a good chance that you’re going to find it extremely difficult to get low mortgage interest rate. With many homes underwater at the present time borrowers are finding it a little bit difficult to get the interest rate they desire on their home mortgage. If this is the case you might want to look into a mortgage modification.
When you are making a big financial decisions such as your home mortgage is a very good idea to sit down with your family and decide what is best for you. If you decide to go into the refinance process is what needs to be done than there are many options available for you. With the amount of free resources available online you should not have difficulty finding the information that you need.
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: Jeremy North
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