Home Mortgage Refinance Loan Rates – 30 and 15 Year Fixed Rates Still Remain at Lowest 2010 Levels
Posted on | August 23, 2010 | No Comments
Home mortgage refinance loan rates have been extremely low for quite some time as 30 and 15 year fixed rates are still near the lowest levels in history. Even though rates have bounced slightly off their lows over the last few days it is still the case that 30 year fixed mortgage rates are well below 4.5%. With rates this low many Americans can benefit greatly by saving on their monthly mortgage payment.
Over the last several weeks many mortgage applications have been to refinance. Almost 80% of total mortgage applications have been refinance applications as only 20% are for new home sales. This is very significant as it proves that many current homeowners are looking to save a large amount of money.
Luckily, there are many mortgage calculators available online to help homeowners better understand just how much money they can save. It is important to remember that there are closing costs involved with the mortgage refinance process and it is very smart to make certain that these closing costs are added into the calculations when determining how much can be saved on a monthly payment.
Author: Heather Best
Tags: 15 year fixed rates > 15 year refinance rates > 30 year fixed rates > 30 year refinance rates > Home Mortgage Loan Rates > home mortgage refinance rates > mortgage loan rates > Refinance Rates
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