Refinancing Gaining Popularity With Low Rates

by noor on November 20, 2009 · 0 comments

in Mortgage News

Due to the prevailing low home mortgage loan rates, refinancing has gained more popularity as mortgage interest rates continue to fall below 4.7%. Recently, the 30 year fixed mortgage interest rate fell to about 4.65%.

refinance home

Thus if you’ve been considering refinancing, now might be the best time to take some action. If you refinance now, you will be able to save thousands of dollars in 2010 with lower monthly mortgage payments.

The credit goes to President Obama and his staff, as they have provided every opportunity for homeowners to take advantage of the low interest rates.

Therefore, a sensible decision would be to avail this opportunity as soon as you can as it might never happen again. Once the economy sustains itself again, and starts progressing forward, it is very likely that mortgage interest rates may rise again in a short time.

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