Mortgage Interest Rates Today – Homeowners Lock in to Low Rates and Save Money with Refinancing Today
Posted on | May 25, 2010 | Comments Off
Mortgage interest rates today are very close to all time lows as the 30 year fixed mortgage rate is around 4.5%. With many mainstream media outlets reporting that rates are close to an all time low many homeowners are looking to lock in to low rates and refinance to a better monthly payment.
By getting a much lower monthly payment Americans are finding that they can save a significant amount of money down the road. With a very good credit score and a significant amount of home equity some homeowners are finding that they can lock into a mortgage interest rate around 4.5%.
Those looking to lock in to a 15 year fixed mortgage rate are finding even better deals. Some homeowners have had the ability to lock in to rates under 4% on a 15 year fixed mortgage. With these amazing deals available it should come as no surprise to see Google Trends reporting mortgage rates as a top trend.
Over the next few days it will be very interesting to see what happens with mortgage rate trends but as long as the European debt crisis is fresh there is a good chance that treasury rate yields will continue to drop which means much lower 30 year fixed mortgage interest rates.
Author: Alan Lake
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