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MORTGAGE RATES NEAR RECORD LOWS!
August 2010 - Interest Rates for Home Mortgage Loans and Refinancing Loans remain near all time lows.

The Federal Reserve Bank recently ended its purchasing program of mortgage-backed securities, which drive interest rates for home mortgage loans, after buying a total of $1.25 Trillion dollars worth of in the previous year. Recent strength in the MBS markets continue to drive down interest rates, making house loans more available for a home purchase loan or refinancing loan.

What does this mean to you? Simply put, it means that over the next several months we are likely going to see the lowest interest rates on record. Waiting longer to purchase or refinance a home could be costly. Now is the time to take advantage of these record-low home loan interest rates to refinance or purchase a new home.

What are you looking to accomplish?

     Home Purchase Loan              Refinancing a Loan

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Regardless if your are purchasing a home or refinancing a loan, it is important to know your options to determine the best home loan for your financial situation. A home loan comparison is essential to get a clear picture of available programs.

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Using our Loan Helper can be very useful in helping you decide which type of house loan or refinancing mortgage loan could be the right fit for your current circumstances. Learn about Conventional Loans, FHA Loans, VA Loans, USDA Loans.

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