Home Mortgage Refinance Loan Rates – Fixed and ARM Rates at Lowest Levels in US History

Posted on | September 1, 2010 | No Comments

Home mortgage refinance loan rates are currently at extremely low levels as fixed and ARM rates are at the lowest levels in the United States history. We are currently seeing 30 year fixed mortgage rates around 4.25% and 15 year fixed mortgage rates around 3.8%. When looking at a historical chart of mortgage rates is quite clear that this is the lowest levels in the history of the housing market.


Over the last several months many Americans have considered going to the refinance process as the majority of mortgage applications are to refinance. In fact, almost 80% of mortgage applications are refinance applications as first-time home buyers continue to sit on the sidelines.

It is the case that first-time home buyers are hoping for more government incentives such as another first-time home buyer tax credit but it does not look as if this will happen in the near future. With home prices dropping and many new buyers wary of catching a falling knife it will likely remain the case that first-time home buyers sit on the sidelines until home prices stabilize and begin to move higher. With this being the case but for many people to search for home mortgage refinance loan rates.

Author: Heather Best

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