Well it finally looks as though the Government is trying to help us, the homeowners. Recently they injected 800 billion into the market specifically in mortgage backed securities and other similar investments aimed at improving interest rates and getting the economy jumpstarted.
Here is the article if you would like to read about what is going on:
http://online.wsj.com/article/SB122765938507058417-email.html
Interest rates have definitely improved since they have done that and so here is a snapshot of where they are now:
30 year Fixed: 5.375%
15 year Fixed: 5.125%
If you have a higher rate, but aren’t sure it is worth it to refinance than you can give me a call or go to http://workharding.com/loancenter-calculators-interestsaving.aspx where you will find a helpful calculator that can determine if it is worth it to refinance or not.
We don’t know how long interest rates will stay low, so let’s get started on your refinance or purchase now!
No comments:
Post a Comment