Home Mortgage Refinance Rates – 30 Year Fixed Mortgage Rates at 4.25% on August 19 for Homeowners
Posted on | August 19, 2010 | No Comments
Home mortgage refinance rates have been a very hot topic over the last several weeks as many mainstream media sources are reporting that 30 year fixed rates are at all-time loads. As of August 19, 2010 we are seeing the 30 year fixed mortgage rate at 4.25%. When looking at historical charts it is quite obvious that these are the lowest levels we have ever seen.
With this in mind many Americans are looking to refinance to a lower overall interest rate. This comes as no surprise as many Americans have struggled with personal finances and they are looking to take the necessary steps to make certain they can save money in any way possible. Some homeowners have found that they can save hundreds of dollars a month by locking into a low 30 year fixed mortgage rate.
It is very important to understand that not all Americans can lock into the lowest home mortgage refinance rates are at it takes a low debt to income ratio, equity in a home, and a very good credit score. If borrowers do not meet these requirements that it will be nearly impossible to lock into refinance rates below 4.5%.
Author: Heather Best
Tags: 30 Year Fixed Mortgage Rates > 30 year fixed rates > 30 year refinance rates > home mortgage refinance rates > mortgage rates > mortgage refinance rates > Refinance Rates
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