Home Mortgage Loan Rates – Interest Rates Drop Below 5.3%

Posted on 12 August 2009

Almost during the whole last week home mortgage loan rates were up but so far this week they have dropped greatly. For home owners who are looking to refinance, a drop from 5.5% to below 5.3% is a great news.  If for having your home refinance you have been waiting for the right time then this might be the time.  It seems as if mortgage rates are in an uptrend but now as we have seen a drop this week so that might help you to get a much lower mortgage rate than any time in the near future. It has been actually predicted by some analysts that mortgage rates would be going above 6%.

mortgage interest rates

Probably you might have seen advertisements all over the Internet and television from companies by whom the rates below 5% are being offered. You would never know that if you can get a mortgage rate this much low until you actually call them and ask.

In most of the adds it is told that you can call an 800 number where you can speak to a representative. May be you may not be willing to give the representative all of your personal information but it might be a good idea to at least ask the representative few common questions related to the mortgage loans and their interest rates.

Now I would congratulate you on taking the first step in getting a lower home mortgage loan rate.  Now having done this research you are well ahead of most of the other people in your financial position.  The next step that you should take after that is to get out there and actually contact some of the companies that are offering rates this low.

People who liked this Post also read

  • Reverse Loan Rates
    Reverse mortgage loans are the good options to refinance your mortgages without having to pay off monthly loan payments. These loans are also helpful in reducing the monthly expenses by cutting down monthly loan payments....
  • Five Things You Must Know Before Home Mortgage Refinancing
    Five most important things that you ought to know while refinancing your home loan includes the appraisal of your home, opting for the right lender, organizing and gathering all documents, choosing the best rate and no-cost refinancing. ...
  • Bad Credit Home Equity Loans
    Bad credit home equity loans are available for borrowers that are carrying bad credit score. These loans can be used for a variety of purposes. However, there are certain things which borrowers should consider before applying for these loans....
  • A Guide to Mortgage Refinancing Loans
    Mortgage refinancing is a good option to replace your pre-existing expensive mortgage loan with a new affordable mortgage. The new mortgage or refinancing loan will replace the existing higher interest rate with lower rate, large monthly payments with sma...
  • Mortgage Points
    In order to attract more customers towards the company, the mortgage companies are adopting different ways. Some are more into customer services while others are cutting down mortgage rates to increase their clientage....

This post was written by:

- who has written 328 posts on Loan Mortgage Credit!.

is an experienced IT Consultant turned Blogger, Interested in Technology, Personal Finance, Humans and Life...You and discover more about him by following RMak on twitter.

Contact the author

3 Responses to “Home Mortgage Loan Rates – Interest Rates Drop Below 5.3%”

  1. Wow, what an excellent post! I discovered your blog today, this is a really great post you made, let them roll!

  2. Nudie Jeans says:

    Hi buddy, your blog’s design is simple and clean and i like it. Your blog posts are superb. Please deep them coming. Greets!


  1. [...] the rest here: Home Mortgage Loan Rates – Interest Rates Drop Below 5.3% | Loan … Tags: credit-card, Finance, financial-position, lenders, Loan, Mortgage, mortgage-basics, [...]

Leave a Reply


subscribe to our blog


August 2009
« Jul   Sep »
  1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30