JP Morgan Chase and Wachovia Mortgage Interest Rates Below 5%

Posted on | December 20, 2009 | No Comments

JP Morgan Chase and Wachovia continue to report that mortgage interest rates are below 5%.  The current 30 year fixed rate mortgage is around 4.75% while the 15 year fixed rate mortgage is about 4.25%.  With mortgage interest rate this low there is no reason that home owners and future home owners should not think about locking in to a low mortgage rate today.  President Obama and his staff claimed they would keep interest rates low and that is exactly what they have done.


Most mortgage lenders are advertising mortgage interest rates well below 5%; it would be a good idea to contact some of these lenders and see what interest rate you would qualify for.  JP Morgan Chase and Wachovia are just two of the major lenders that continue to help borrower refinance their current mortgage under 5%.  Please understand that you cannot be underwater in your home or have a horrible credit score and expect to get low refinance rates.

There are many free resources available online to help you make the refinance process much easier.  Make sure to do some specific Google searches to find out all the information that you desire.  You should have no questions when you go into the home loan refinance process; it will make the likelihood of getting a lower interest rate much easier.

Author: Jesse Wojdylo

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