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With Mortgage Rates Near 50-Year Lows, How Much Could You be Saving Every Month?
With all of the recent financial turmoil, many people are surprised to learn that mortgage rates are currently near 50-year lows. The reasons are complex, but the opportunity for home owners couldn’t be clearer.
For many, it means they could be making significantly lower monthly mortgage payments on the same loan amount.
Regardless of whether you currently have a fixed rate or an adjustable rate mortgage, all home owners should now be considering re-financing to lock in these new lower rates. The savings, both in terms of lower monthly payments and savings over the lifetime of your loan could be significant, savings that can now more than compensate for any fees associated with obtaining a new loan.