Today’s Lowest Mortgage Interest Rates – 15 Year Fixed Refinance Rates at 4.15% on February 22
Posted on | February 22, 2011 | No Comments
With mortgage rates still very low many American homeowners will look for today’s lowest mortgage interest rates in hopes of locking in to a 30 or 15 year fixed mortgage below 5%. At the present time we are seeing 15 year fixed refinance rates around 4.15% which is not the all time low but is still very low when looking at historical chart of overall rates.
The Federal Reserve Bank has taken many necessary steps to keep interest rates low for quite some time. During the entire credit crisis mortgage interest rates were close to or below 5% for the 30 year fixed. Now that the overall economy looks to be improving there is a very strong chance that we could see 30 year home loan rates move through 5% and toward 6%.
With this being a possibility it may be wise to take advantage of the low interest-rates while they are available. If the unemployment rate continues to debt and there are many economic indicators showing growth than there is no reason for the federal reserve bank to continue to let businesses and individuals borrow money at very low rates.
Taking the time and effort to do research on mortgage interest rates at the present time could prove to be greatly beneficial as many American homeowners have saved hundreds of dollars on a monthly mortgage payment. By doing research online most will find that it generally takes a one full percentage point decrease to fully benefit from the refinance process.
Even if individuals don’t have the best credit score they may still save by going to the refinance process. Luckily there are many mortgage and financial calculators available online to help illustrate just how much money can be saved by going through the mortgage refinance process in February or March of 2011.
Author: Heather Best
Tags: 15 year fixed mortgage rates > 15 year fixed refinance rates > home loan rates today > home loan refinance rates > mortgage interest rates today > today's lowest mortgage interest rates
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