Today’s Lowest Mortgage Interest Rates – Lock in to Rates Under 4.9%
Posted on | February 23, 2010 | No Comments
Today’s lowest mortgage interest rates are approximately 4.9% for the 30 year fixed mortgage rate. Many Americans will look to lock in a mortgage rate under 4.9% in the very near future. If you are currently in the housing market or are looking to refinance now would be time to take action.
If you continue to wait and hope that mortgage rates are going to drop you are risking the possibility of mortgage rates moving higher. Not only are mortgage rates likely to move higher in the near future but there is a very good chance that they could move much higher in the spring of 2010.
Even though today’s mortgage rates are extremely low there is a very good possibility that the Federal Reserve Bank concluding their mortgage-backed security purchase program could push mortgage rates higher. Some analysts have predicted that mortgage rates could move up one full percentage point when this happens.
With this being the case it would be a wise decision to do your research today and find out what your options are. If you qualify for low mortgage interest rate then it might be wise to lock in today rather than wait and hope that mortgage rates could drop even more.
Author: Alan Lake
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