30 Year Fixed Mortgage Rates – JP Morgan Chase Interest Rates Higher
Posted on | December 23, 2009 | No Comments
The average for 30 year fixed mortgage rates is currently around 4.85%. We have seen J.P. Morgan Chase interest rates move higher in the month of December as the conventional 30 year fixed mortgage rate has moved from 4.5% all the way up to 4.85%. If you have been looking to refinance your current home loan at all-time low mortgage interest rates then you might be a little bit too late. This does not mean that you will not benefit from refinancing.
With mortgage interest rates still well below 5% it is a very good idea for you to consider refinancing. If you have equity in your home and a credit score above 740 then there is a very good opportunity for you to refinance well below the psychological 5% mark. This is something that many homeowners would desire to do and you should not let this opportunity pass you by.
J.P. Morgan Chase along with many other major banks have been advertising very hard in this low interest-rate environment. If you’ve been looking to get low mortgage interest rate then you might want to look into J.P. Morgan Chase and the other major mortgage lenders out there. They are looking to gain your business so at least give them an opportunity to see what you will qualify for.
There many mortgage lenders out there say do not limit your search to just one or two. With the amount of competition you have the ability to walk away at any time. Do not try to negotiate with a lender that is not willing to work with you. With that being said it is very important for you to understand the mortgage rate you qualify for is greatly dependent on your credit score and equity in your home.
Pres. Obama and his staff continue to work very hard to keep interest rates extremely low. You do not want to let this opportunity pass you by as it may not happen again in your lifetime. Having the ability to refinance under 5% could save you hundreds of dollars a month on your mortgage payment.
Author: Jeremy North
Comments
Leave a Reply