Home Mortgage Loan Rates Hit 4.25% for 30 Year Fixed – Refinance Activity Picks Up for Most Mortgage Lenders

Posted on | August 17, 2010 | No Comments

Home mortgage loan rates have hit 4.25% for the 30 year fixed mortgage which is an all time low. Many Americans are considering going to the refinance process with 30 year fixed rates at this level. Most mortgage lenders are seeing refinance activity pick up greatly over the last few weeks as Americans are looking to save on their monthly mortgage payment.


It is very important for most homeowners to understand that not all Americans will qualify for 30 year fixed mortgage rates around 4.25%. It will take a very impressive credit score and the low debt to income ratio to have any opportunities to refinance at these low rates. It will also take a significant amount of home equity to have any chance to get a 30 year fixed at 4.25%.

There’re many mortgage lenders spread throughout the country that can help most Americans when it comes to refinancing home loan. With the advancements in technology it is easier today than it has ever been defined low refinance mortgage rate offers from the comfort of a home or office. It is important to remember that no one will get a 100% accurate rate quote until they submit a mortgage application.

Author: Jeremy North

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