Posted on: 19th Jan, 2010 05:09 am
if you are close to locking in a rate on your purchase or thinking about refinancing, do it now. Rates are about as low as they are going to get.
hi eric,
the mortgage interest rates on most types of home loans have gone down in the recent past. interest rate on 30-year fixed mortgages was at 4.8% in the first week of december last month. this was the lowest within the last 3 months. since then it showed a steady increase and in the last week of december, it rose to 5.23%. but, the interest rates are again going downward and this is indeed a good time to lock in the rates on mortgages and refinance existing loans.
the mortgage interest rates on most types of home loans have gone down in the recent past. interest rate on 30-year fixed mortgages was at 4.8% in the first week of december last month. this was the lowest within the last 3 months. since then it showed a steady increase and in the last week of december, it rose to 5.23%. but, the interest rates are again going downward and this is indeed a good time to lock in the rates on mortgages and refinance existing loans.