Refinance Mortgage Rate Predictions and Trends Point Towards Lowest Home Loan Rates in History

Posted on | August 17, 2010 | No Comments

Refinance mortgage rate predictions and trends are pointing towards the lowest home loan rates in the history of the United States housing market. At the present time we are seeing 30 year fixed rates at 4.25% which is an all time low. When looking at a historical chart of mortgage rates it is quite clear that this is the lowest level we have ever seen in modern history.


With this being the case many Americans will likely search to refinance their current home loan. It seems to be the case that Americans are looking to refinance rather than purchase a new home. Many first-time home buyers continue to sit on the sidelines and hope for government tax incentives over the next few months. Unfortunately, it does not look as if this will happen.

Over the last few weeks it has been the case that 80% of mortgage applications have been to refinance. With this being the case it will likely prove that Americans are searching for mortgage rate productions and trends as they will want to know what the future holds when it comes to the 30 year fixed rate mortgage.

Author: Alan Lake

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