Home Mortgage Refinance Loan Rates – 30 Year Fixed Rates Lower to 4.3% as 10 Year Yield Sinks
Posted on | August 25, 2010 | No Comments
Home mortgage refinance loan rates are a very attractive levels as the 30 year fixed rate has dropped to 4.3% in the last few days. As 10 year treasury rate yields continue to struggle it seems to be the case that 30 year fixed mortgage rates will likely stay low as long as the economy continues to struggle to recover.
With this being said it is never wise to chance the economy recovering as we all know that the United States is a very resilient country. Instead of sitting on the sidelines and hoping that mortgage rates drop even more and may be wise to consider going to the mortgage refinance process today as there are a great amount of savings available. Many homeowners are finding that they are saving hundreds of dollars on a monthly mortgage payment.
The general rule of is that Americans must save at least one full percentage point on a mortgage rate to fully benefit from refinancing. With this being the case it is absolutely imperative to make certain that you saved this full percentage point before signing on the dotted line. If you do not say this full percentage point it will be the case that closing costs often outweigh the benefits.
Author: Jeremy North
Tags: 30 year fixed rates > home loan rates > home mortgage refinance rates > interest rates > loan rates > mortgage rates > refinance loan rates
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