To truly benefit from a mortgage refinance, the new interest rates must be lower than your previous rate. With the housing market in the condition it is, and the economy struggling, interest rates are near all time lows. However, homeowners should take advantage of the low rates now available because I predict that mortgage rates will increase in 2010.
A typical 30 year fixed mortgage can be gotten for around 4.99% right now. This is nearly half of the rate that homeowners who purchased a few years ago pay. The rates are low because of a weak housing market, Government programs to help homeowners, and the slow economy. The hope is that with Continue reading ‘Mortgage Interest Rate Predictions For 2010’ »
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