mortgage refinance, refinance, refinance loan

California Refinance    Refinance  Mortgage Refinance 
Apply For Loan
Need Agent
Programs & Products
Free Reports
Links and Resources
Buy a Home
Mortgage Consultant

Type of Mortgages
10 Things to know in 2010
What seller don't tell buyer
Mortgage rate in 2010
Government Mortgage Refinance
FHA vs. Conventional Loan
California Reverse Mortgage
Interest Only Loan
California Refinance
Interest Only Mortgage
Home Improvement
Cash Out Refinancing
Second Mortgage
First time home buyer 
Bad credit mortgage
Buy a home
California home loan
California mortgage
California real estate
CA Mortgage Lender
First time home buyer
Home mortgage
Home mortgage loan
Mortgage loan for bad credit
Refinance loan
Refinance mortgage
Mortgage Broker San Diego
San Diego RealtorŪ
California Mortgage Broker
Home Buying Tips
Home Selling Tips
By Alan Lake: Provided by JANUARY 15, 2010

Government Mortgage Refinance Plan – Obama Helps You With Lower Mortgage Rates

The government mortgage refinance plan was created to help you refinance to lower mortgage interest rates. President Obama and his staff have worked very hard to keep interest rates low for an extended period of time. With this being the case you do not want to miss out on this opportunity as there are several mortgage lenders that are advertising the 30 year fixed mortgage rate well below 5%.

For the entire month of January the 30 year fixed mortgage rate has been at or below the 5% level. This comes after a month in which the 30 year fixed rate was as low as 4.49% and as high as 5.35%. No one knows where mortgage interest rates are going to be in the near future but in the long term it looks as if mortgage rates are going higher.

You do not want to be sitting on the sidelines waiting for mortgage rates to drop as they start to move up. Many analysts have predicted that mortgage rates are going to move above 6% in the very near future. A Morgan Stanley chief economist predicts that mortgage rates are likely to go to 7.5% or 8% by the end of 2010. You do not want to wait and watch mortgage rates get this high.

In the current economic environment you are likely to find mortgage rates well below 5% if you have equity in your home and a credit score above 740. If you do not have these two requirements you are going to find it a little more difficult to get a low refinance rate but you can still benefit. If you can save one full percentage point on your mortgage rate then you would save money by going through the refinance process.

Any major financial decision in your life is extremely important. You will need to sit down and analyze your current financial position. If you have a significant amount of equity in your home and a solid amount of money in your savings account then there is no reason that you should not consider refinancing today.






Copyright © 2004 - 2010. All Rights Reserved.


Home    Loan Program    Apply Online    Need Realtor    Refinance   Contact Us

   Free Reports    Links    About   Sitemap  Disclaimer   Term of Use  Privacy