Refinance Home Loan Rates – Get a Fixed Rate Refinance Today March 19
Posted on | March 19, 2010 | No Comments
With refinance home loan rates being very close to all time lows many Americans will look to get a fixed rate refinance today. On March 19th, 2010 we are seeing mortgage rates around 4.75% for the 30 year fixed rate mortgage. When looking at historical data of mortgage rates you can clearly see this is very close to an all time low.
Many American homeowners have already used this low interest rate environment and they have been able to save hundreds of dollars on their monthly mortgage payment. If you have yet to refinance and you are in a good financial position it might be time to take action today rather than wait.
If you continue to wait for mortgage interest rates to drop you might be missing out on an amazing opportunity. Many analysts have predicted that mortgage rates are going to move up in the near future but no one knows when that will be. Some analysts have predicted that the 30 year fixed mortgage rate could go as high as 7.5%.
With this in mind it might be smart to do your research now. With mortgage rates being well below 5% there is no reason to not test the waters. If you have a credit score above 740 and a large amount of home equity then you could refinance to a much lower rate which could save you a significant amount of money.
Author: Alan Lake
Comments
Leave a Reply