Fixed Mortgage Refinance Rates – San Diego, San Francisco and Los Angeles see Very Low Home Loan Rates
Posted on | May 27, 2010 | Comments Off
Over the last several week fixed mortgage refinance rates have dropped significantly. At the current time San Diego, San Francisco and Los Angeles mortgage lenders are reporting that home loan rates are very low. Since the beginning of May 2010 we have seen the 30 year fixed mortgage rate drop all the way to 4.5%.
With this in mind many homeowners in California and throughout the country will be looking to lock in to low home mortgage refinance rates. It is very important to understand that not all homeowners will be able to lock in to the lowest possible mortgage rates. You will need a significant amount of home equity and a very impressive credit score.
Without a credit score above 740 it is going to be very difficult to lock in to a fixed mortgage refinance rate under 5%. It would be a wise decision to check your credit score and make sure it is where you feel it should be before going into the refinance process.
With San Diego, San Francisco and Los Angeles seeing very low mortgage rates expect to see many homeowners from California locking in to a low fixed rate refinance at the end of May 2010 and the beginning of June.
Author: Alan Lake
Tags: fixed mortgage rates > fixed refinance rates > los angeles mortgage rates > los angeles refinance > san diego mortgage rates > san diego refinance > san francisco mortgage rates