Home Mortgage Refinance Loan Rates – 30 Year Fixed Interest Rates at 4.35% on August 24
Posted on | August 24, 2010 | No Comments
Home mortgage refinance loan rates continue to remain at very low levels as the 30 year fixed interest rate is around 4.35% on August 24, 2010. While this is not the lowest level in the history of the United States it is still very low when considering that mortgage rates were well above 6% not that long ago. It is also the case that many homeowners stand to save a significant amount by refinancing and the current economic environment.
It is very important for homeowners to clearly understand that even though home mortgage refinance loan rates are very low it is not the case that all Americans can lock in to these low rates. It takes a very good credit score, a significant amount of home equity and a debt to income ratio that is well below 40% have any opportunity to receive the low refinance mortgage rates.
There are many mortgage calculators available online to help homeowners better understand how much they must save to benefit from this process. The general rule of thumb is that most homeowners must save at least one full percentage point to fully benefit from the refinance process in 2010.
Author: Mike Garner
Tags: Home Mortgage Loan Rates > home mortgage rates > home mortgage refinance rates > interest rates > loan rates > mortgage rates > Refinance > refinance loan rates > Refinance Rates
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