Today’s Lowest Mortgage Interest Rates – Refinance Loan Rates Hit Best Levels in 2010 at 4.25%

Posted on | August 18, 2010 | No Comments

Today’s lowest mortgage interest rates are very attractive levels as homeowners are finding that refinance loan rates have hit the best levels of 2010. At the present time we are seeing 30 year fixed mortgage rates at 4.25% which is the lowest level in the history of the United States housing market. By analyzing a historical chart of mortgage rates it is quite obvious that this is the lowest level we have ever seen.


Over the next several weeks it will likely be the case that many Americans decide that refinancing is right for them. Before making the final decision is always important to realize that there are closing costs involved in the refinance process. Even though refinance loan rates are very low and may still be the case that closing costs outweigh the benefits.

The general rule of thumb is that Americans must save at least one full percentage point on their current home loan to benefit from refinancing. By saving this full percentage point most homeowners will find that the benefits outweigh the closing costs.

Author: Mike Garner

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