Home Mortgage Refinance Loan Rates – 15 and 30 Year Fixed Interest Rates Lower in October 2010
Posted on | September 28, 2010 | No Comments
Home mortgage refinance loan rates remain close to the lowest levels in the history of the United States housing market as many Americans are looking to refinance to a 15 year or 30 year fixed home loan interest rate in October of 2010. At the present time there are many analysts who are making mortgage rate predictions that state that overall interest rates could stay low for an extended period of time.
With the Federal Reserve Bank working very hard to make certain that interest rates stay low there’s no reason to believe that we will see 30 year fixed mortgage rates move up very quickly. Once the Federal Reserve Bank stops holding interest rates lower and will likely be the case that we see 15 year and 30 year fixed mortgage rates move up quickly but this could be well into 2011.
Over the last several weeks it has been the case that most home mortgage loan applications have been to refinance as many first-time home buyers continue to sit on the sidelines and wait for government tax incentives. Unfortunately, it looks as if the Obama administration is not going to extend another first-time home buyer tax credit therefore refinance home loan applications will continue to dominate when it comes to mortgage lenders.
Author: Mike Garner
Tags: 15 year fixed refinance rates > 30 year fixed refinance rates > Home Mortgage Loan Rates > loan rates > mortgage loan rates > mortgage rates > refinance loan rates > Refinance Rates
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