Home Mortgage Refinance Loan Rates – 30 Year Fixed Mortgage Rates Drop to 4.25% in August 2010
Posted on | August 18, 2010 | No Comments
Home mortgage refinance loan rates have dropped to an all-time low as 30 year fixed mortgage rates are 4.25% in August of 2010. When looking at the past several months it is quite obvious that the federal reserve bank is taking the necessary steps to keep interest rates very close to an all-time low. The 10 year treasury rate yield his tank to 2.6% which is help mortgage rates drop drastically.
Over the last several weeks we have seen many Americans looking to refinance as almost 80% of mortgage applications are refinance applications. Part of this is due to the fact that mortgage rates are low and Americans want to save money but there is also part of it that there is no longer a first-time home buyer tax credit to increase in new home sales.
No matter what the case, many Americans could save greatly from home mortgage refinance loan rates near all-time lows. Almost all Americans can benefit from refinancing to a 4.25% mortgage rate. It is important to remember that not all Americans will receive the rate quotes as slow as it takes a very good credit score and a low debt to income ratio.
Author: Alan Lake
Tags: 30 year fixed rates > 30 Year Mortgage Rates > home mortgage refinance rates > mortgage interest rates > mortgage rates > mortgage refinance > refinance loan rates > Refinance Rates
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