Home Mortgage Refinance Loan Rates – Adjustable and Fixed Interest Rates at Lowest Levels in October 2010

Posted on | October 25, 2010 | No Comments

As millions of American Homeowners are struggling to make their mortgage payment there are also many homeowners who are looking to save money by going to the refinance process. Home mortgage refinance loan rates are currently at the lowest levels in the history of the United States housing market for borrowers who have a very good credit score and a low debt to income ratio.


When looking for adjustable and fixed interest rates near all-time lows in October of 2010 it is important to remember that only the best borrowers are going to have an opportunity at these low rates. It takes a credit score above 740 and a debt to income ratio that is well below 40% have any opportunity to receive 30 year fixed mortgage rate quotes below 4.5%.


It is hard to believe that Christmas is just around the corner and many people will likely spend a significant amount on holiday shopping. With people already thinking about Christmas gift ideas for mom and is probably the case that they are looking to save money now because they know they will spend money later. One way to save money is to refinance a home loan to a much lower mortgage interest rate.

Author: Jeremy North

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