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12/03/2009

Mortgage rates are down!


Mortgage Doc

In the news today, mortgage rates in the United States have dropped to new record lows - the average rate on a 30 year mortgage is now 4.71% according to a news release from Freddie Mac.  This is the fifth consecutive week of lower rates.

If you haven't refinanced yet, it may be time to start thinking about it.  I refinanced my mortgage during the summer and have been enjoying paying 1.5% less on my mortgage rate. A lower rate means more money in your pocket - definitely something to be happy about!

Posted at 06:28 PM in Budgeting, Debt Management |

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