Welcome to Mortgage Rates Guide
Loan Mortgage Rates Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Understanding Current Mortgage Rates
from:At the moment current mortgage rates are fairly low; however, with the economy the way it is prospective borrowers could be a little hesitant to buy a home or refinance their current one. The average current mortgage rates in the US are as follows:
• 30 year fixed: 5.66 percent
• 15 year fixed: 5.04 percent
• 1 year adjustable: 5.8 percent
Interest rates fluctuate as the economy changes, but right now is a great time to buy a house if you qualify. The average current mortgage rates in the US have come down from last week, which were:
• 30 year fixed: 6.08 percent
• 15 year fixed: 5.50 percent
• 1 year adjustable: 5.61 percent
Borrowers can do their part to keep the current mortgage rates low by paying their mortgage loans on time and not to default on them. If you want to take advantage of the current mortgage rates try to prequalify for a mortgage loan. They should keep the jobs they have and weather the economic storm they are experiencing right now. You may have to cut back on luxuries to have the money to take care of your necessities, but if you can afford to take care of your commuting, and living expenses, and pay a mortgage loan, now is the time to buy a home.
Buying a home is probably the largest investment you will ever make. It is wise to purchase when the time is right. Your lender can help you decide which type of mortgage is best for you in terms of the current mortgage rates. If you don’t plan on staying in your home for many years you might find it more to your economic advantage to secure a loan with an adjustable rate mortgage (ARM). At the end of your term, if the next term’s ARM is higher than you want to pay you can change to another type of mortgage plan, or you can sell your home, pay off the rest of your mortgage and keep the profits.
Many younger people that are just starting out buying their first home may decide to secure a loan for a 30 year fixed mortgage; however, the homebuyer should look at the 15 year mortgage plan because not only is the term of the mortgage cut in half, but the interest rate is also lower than with the 30 year mortgage at this time. By securing the 15 year fixed mortgage loan the homebuyer will be saving many thousands of dollars.
If the thought asking for a mortgage loan is causing you anxiety, talk with a financial advisor at your bank or other lending institution. Your advisor can talk to you about the current mortgage rates and how they will affect the cost of your loan.
Loan Mortgage Rates Specific links
Loan Mortgage Rates News
Freddie Mac: 30-year mortgage rate down a tick at 3.78% - Los Angeles Times
 Bloomberg | Freddie Mac: 30-year mortgage rate down a tick at 3.78% Los Angeles Times By E. Scott Reckard Record low interest rates for 30-year mortgages edged down another tick, Freddie Mac said in its latest survey, which showed lenders across the nation offering the benchmark loan at 3.78% compared to 3.79% last week. Mortgage Rates for 30-Year US Loans Fall to a Record-Low 3.78% US 30-Year Mortgage Rate Falls to Record 3.78 Pct. 30-year mortgage rate hits another record low |
Mortgage rates drop to new record lows, mortgage activity jumps - e-wisdom.com
 e-wisdom.com | Mortgage rates drop to new record lows, mortgage activity jumps e-wisdom.com The MBA's Weekly Mortgage Applications Survey revealed that 30-year fixed mortgage rates (for conforming loan balances of $417500 or less) fell to 3.93 percent from 3.96 percent the previous week, while average rates for 15-year fixed mortgages ... Bankrate: Mortgage Rates Hold at Record Lows Today's Mortgage Rates for 5/24/12 Refinance Applications Increase in U.S. for Third Consecutive Week, Driven by ... |
Fantastic Home Loans Mortgage Rates in New Zealand - PR Web (press release)
 PR Web (press release) | Fantastic Home Loans Mortgage Rates in New Zealand PR Web (press release) The new site is Fantastic Home Loans and the result is a program that lives up to its name. Fantastic Home Loans would like to provide you with an insight into what is happening with mortgage rates in the last week, as homeowners with mortgages or new ... How to reduce mortgage interest payments Are We Facing a Student Loan Bubble? |
MBA Weekly Survey: Refinance Applications Increase Because of Record Low ... - LoanSafe
 Christian Science Monitor | MBA Weekly Survey: Refinance Applications Increase Because of Record Low ... LoanSafe “Mortgage rates again dipped to new record lows in the survey, which spurred more borrowers back into the refinance market. As a result, applications for refinance loans have increased for the third straight week and are at the highest level since ... HSH.com Weekly Mortgage Rates Radar: Fixed Mortgage Rates at New Record Low Again Record-low mortgage rates spur refinancing Mortgage Rates: Low Mortgage Rates Spark Increase in New Home Sales |
LendingTree Analysis Indicates Greater Savings with Adjustable-Rate Mortgages ... - MarketWatch (press release)
LendingTree Analysis Indicates Greater Savings with Adjustable-Rate Mortgages ... MarketWatch (press release) With Adjustable Rate Mortgages (ARM) representing only about 7% of new loan originations in the market, many consumers are seemingly unaware that these adjustable rate loans are worth a second look. As refinance volume has increased year over year, ... |