30 Year Fixed Refinance Mortgage Rates at 4.25% – 15 Year Fixed Rates Sink to New All Time Lows
Posted on | August 17, 2010 | No Comments
The average for 30 year fixed refinance mortgage rates is currently around 4.25% according to Zillow.com. the average for 15 year fixed mortgage rates is also dropped to an all-time low of around 3.8%. When looking at historical chart of mortgage rates it is quite evident that these are the lowest levels we have ever seen in the history of the United States housing market.
With rates this low it comes as no surprise to see many Americans looking to lock in to the lowest possible mortgage interest rates. It is very important for these borrowers to understand that not all Americans will have the opportunity to lock in to the lowest rates. To find the lowest rates possible it will be the case that borrowers need a great credit score, equity in their home, and a low debt to income ratio.
By putting all of these things together borrow his could position themselves very well when it comes to the lowest possible 30 year fixed refinance mortgage rate. Locking into a rate at 4.25% will save many Americans hundreds of dollars on their monthly mortgage payments.
Author: Heather Best
Tags: 15 year fixed rates > 15 year fixed refinance rates > 30 year fixed rates > 30 year refinance rates > mortgage interest rates > mortgage rates > Refinance Rates
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