Today's Mortgage Interest Rates - Should You Refinance Now?

What do you want of Mortgage Interest Rates Today ?.

If you are seeing for Today's Mortgage Interest Rates, I just saw one with Apr of 4.78% with no points and less than 0 in fees.

Should you refinance now? Only you can riposte that, but here's some things you need to consider.

Mortgage Interest Rates Today

The median rate for a 30 year fixed, last week was 5.10, up a limited from the week before. Freddy Mac also was up a limited bit last week after a steady decline for about 4 weeks. Does this mean the rates have started up? Not necessarily, but that might not be far away.

The median rates for 15 year fixed and Arms were de facto down a bit, although Freddy Mac rates for 15 year fixed were up.

By the way, I just read about one of the local banks that has made some 0 million worth of home loans during the past 90 days, so apparently there are a estimate of folks who believe that Today's Mortgage Interest Rates are good enough.

One of my kids has been wanting to refinance and my guidance to him was "Don't wait, shop around and get the best rate and terms you can and close the deal." Just like the stock market, it's roughly impossible to predict the exact lowest so just try and find a spot that will heighten your current situation and go for it.

If you do conclude to refinance, do your homework first. Remember that home values are down so try to get an idea of the current value of yours and your current interest rate. Get a free copy of your prestige description and check for errors. Some prestige card issuers will give you a free "up to the minute" prestige score when you log in to your account online.(credit scores aren't included with free prestige report)

If you have a Fanny Mae or Freddy Mac loan and don't have adequate equity, you may qualify for the federal loan modification program. If all things looks ok, then go get complicated rate quotes. You can do this online.

One last thing, rates fluctuate daily, so today's mortgage interest rates are only good today, so don't wait for a week before locking your rate in, when you conclude which one is best for you, go for it.

Today's Mortgage Interest Rates - Should You Refinance Now?