Aug 11, 2009
Mortgage Refinance Rates MUCH Lower - Interest Rates Down
AUTHOR: Colin Keller
Mortgage refinance rates are much lower today after a steady move up last week. We are currently seeing mortgage interest rates around 5.25%. This trend is helped by the fact that the 10 year treasury rate yield has pulled back much of this week. The 10 year yield is in a strong up trend though so it is not likely that mortgage rates are going to continue lower much longer. It might be a good idea to go ahead and try to lock in mortgage rates now instead of waiting.
You have probably seen advertisements all over the Internet and television for mortgage rates under 5%. Most of the ads lead you to an 800 number where you can speak to a representative. While you may not want to give the representative all of your financial information, it might be a good idea to give them a call and ask some generic questions. They may give you a few clues as to where mortgage interest rates are headed.
Congratulations on taking the first step in getting a lower mortgage rate. The next step is to get out there and actually contact some of the companies that offer low mortgage rates. You will never know what interest rate you can get until you ask!