Gold Country Bank California Refinance Mortgage Rates – Fixed Interest Rates on 30 and 15 Year Mortgage at Very Attractive Levels
Posted on | August 18, 2011 | Comments Off
The 10 year treasury rate yield has dropped below its 50 and 200 a moving average which in turn has pushed interest rates very close to all-time lows. Many California residents will seek Gold Country Bank refinance mortgage rates in hopes of saving a significant amount of cash in August of 2011.
At the present time we are seeing 30 year fixed interest rates as low as 4.1% are very good borrowers of money. Unfortunately, many individuals continue to find that poor financial decisions often lead to higher interest rates. Individuals who have missed bill payments in the last several months and years are finding it quite difficult to lock into the lowest refinance rates at the present time.
With this in mind it may be a very wise choice to pay down high interest-rate debt such as credit cards and personal loans. If individuals are paying on debts that have an interest rate above 15% that it would be very beneficial to pay down as much as possible before going into the refinance process at the present time.
While Gold Country Bank has held many California residents it is important to recognize that there are over 250 FDIC insured banks with headquarters within the state. This does not include all the financial institutions that have headquarters in other states but have many branches throughout California.
Since 1971 the 10 year treasury rate yield on the 30 year fixed mortgage has a very strong correlation and that will likely not change in the near future. With just been true it might be a wise decision to keep an eye on the 10 year treasury rate yield to see where it may bottom. If the 10 year yield continues to drop and there is a very strong possibility that we could see 30 year fixed mortgage rates below 4%.
Author: Jeremy North
Tags: bank rates california > california refinance mortgage rates > fixed home loan rates > fixed refinance interest rates > gold country bank rates > gold country bank refinance rates