Aug 12, 2009
Home Mortgage Loan Rates - Interest Rates Drop Below 5.3%
AUTHOR: Catherine Brammer
Home mortgage loan rates were up almost all of last week but they have dropped greatly so far this week. A drop from 5.5% to below 5.3% is great news for home owners looking to refinance. If you have been waiting for the right time to get in to refinance your home mortgage loan now might be the time. It seems as if mortgage rates are in an uptrend but we have seen a drop this week that might allow you to get a much lower mortgage rate than any time in the near future. Some analysts have actually predicted mortgage rates going above 6%.
You have probably seen advertisements all over the Internet and television from companies who are offering mortgage rates below 5%. You will never know if you can get a mortgage rate this low until you actually call and ask. Most of the ads lead to an 800 number where you can speak to a representative. You might not want to give the representative all of your personal information but it might be a good idea to at least ask them some common questions.
Congratulations on taking the first step in getting a lower home mortgage loan rate. By doing the research you are well ahead of most people in your financial position. The next step is to get out there and actually contact some of the companies that are offering rates this low.