Home Mortgage Loan Rates – All Time Lows from Mortgage Lenders Throughout the US in Summer 2010
Posted on | June 25, 2010 | Comments Off
Home mortgage loan rates have been historically low for the last 18 months but we are currently seeing all-time lows from mortgage lenders throughout the US in the summer of 2010. Most mortgage lenders are currently reporting that 30 year fixed mortgage rates are at or under a 4.5%.
With mortgage interest rates being below 4.5% many borrowers could benefit greatly. There are many mortgage calculators available online that can help borrowers understand just how much money they would save by locking into a 30 year fixed rate under 4.5%.
Most homeowners will likely find that they could save hundreds of dollars a month on their mortgage payments. This in turn would help them to find financial freedom much quicker and would allow them to pay off other debts such as personal loans and credit cards.
Home mortgage loan rates have been mainstream news for the last few days as they are currently at all time lows. With mortgage lenders offering good credit borrowers interest rates under 4.5% now might be the time to take action. It is important to note that you will need a credit score above 740 and a significant amount of home equity if you are looking to refinance to a low home loan interest rate.
Author: Mike Garner
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