Fixed Rate Mortgage
Fixed interest rate mortgage loans will be in high demand in 2013 as ARM's begin to reset and the Federal Reserve continues to lower mortgage rates. Whether you want to buy your 1st home, refinance your existing mortgage, buy a boat or utilize your home's equity for making home improvements, Current Mortgage Interest Rates offers the low rates online on a daily basis.
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Rates for Refinancing
Take advantage of historically low rates to lower
your monthly payments or buy more home.
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Our Mortgage loan programs can help you get you the
cash you need for:
|30 year conforming*|| |
|15 year conforming|| |
|30 year Jumbo 0 point|| |
|15 year Jumbo 0 point|| |
- Loan Programs for All Credit
- Refinance your Existing Mortgage - Lower
your Current Payments.
- Convert your Adjustable
Rate Mortgage to a low fixed loan.
- Convert your
30 yr Mortgage to a 15 yr Mortgage - build equity faster.
cash now? Home equity rates are priced right.
Although mortgage rates and labor markets are holding pretty solid, the number of new claims for unemployment insurance is in a decidedly upward pattern since late September. The latest number was 346,000 new applications for benefits during the week ending 12/15, up from 334K. Loosening labor markets are an unmistakable sign of slower growth, but do offer the fed some additional leeway should it wish to trim short-term interest rates further. Aside from lower costs of credit, the Fed's offer of new, anonymous funding via its TAF facility was pretty well received this week, with two auction providing some $40 billion in additional funds to banks at interest rates slightly below the official Discount Rate. More such auctions are planned, and in conjunction with the European Central Bank's injection of up to a half-trillion dollars in their system, credit market should start to see some loosening, particularly in LIBOR rates. While still elevated relative to their short-term US counterparts, LIBOR rates have been trending downward since the Fed's plan was announced.
Consumer attitudes can be described as lousy, but mixed. The weekly ABC News/Washington Post poll of Consumer Comfort shot up by an unexpected six point during the week of 12/16 week to land at a still-poor -17. The final number for the University of Michigan survey was 75.5; terrible, but barely changed from November's 76.1 (and actually up from their early-December preliminary reading).
First, even a small
rate cut can pay off quickly. That's because there are some mortgage companies
willing to waive routine refinancing charges such as application, appraisal and
legal fees. Of course, in exchange for low or no up-front costs, you'll have to
be willing to accept a rate that's somewhat higher than the Lender's "buy
Second, if you are planning to stay in your home for at least
three to five years, it may make sense to pay "points" (a point equals
1% of the loan amount) and closing costs to get the lowest available rate.
you may be able to tack your closing costs onto your new loan and still end up
with a mortgage that's smaller than your original loan in addition a lower rate
and lower monthly payment.
Rates are the lowest they have been in over
40 years, so get FREE quote and start saving $$
Our loan services are
offered at no cost with no application fees, and no obligations