Today’s Lowest Mortgage Interest Rates – Obama Helps Homeowners Refinance
Posted on | February 27, 2010 | No Comments
Today’s lowest mortgage interest rates continue to move lower as President Obama and his staff work to help homeowners to refinance. Along with Federal Reserve Bank Chairman Ben Bernanke, President Obama has worked hard to keep interest rates low for an extended period of time.
With this being the case many homeowners have had the opportunity to save money by refinancing. Some of these homeowners have been able to save hundreds of dollars a month by refinancing to a mortgage interest rate under 5%. Not everyone will qualify for today’s lowest mortgage interest rates but they could still save.
If you can save one full percentage point on your home loan rate then it would behoove you to refinance today. There are many mortgage lenders that would be willing to go above and beyond to help you refinance so make sure to seek them out and do your homework.
At the present time the conventional 30 year fixed mortgage rate is around 4.75% so refinancing is very attractive. Do not let the hard work of President Obama go to waste as these low mortgage interest rates are not going to last forever.
Author: Alan Lake
Comments
Leave a Reply