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Get Low Refinance Rates From Just 2.12%.

Don’t Believe The Hype: Mortgage Rates Are What You Make Them

If you’re thinking about mortgage refinancing everywhere you turn lenders are proclaiming mortgage rates are at a 50 year low and you better refinance now or you’ll miss out. While it’s true that mortgage refinance rates are at near historical levels that doesn’t mean you’re automatically going to get rates that low. The mortgage refinance you get depends mainly on your credit score. If you have less than stellar credit don’t expect to refinance with these stellar rates. Your actual mortgage rate could be higher; however, there are steps you can take to make sure you’re getting the lowest refinance rates for your situation.

Here’s an article from Forbes.com about all the hype surrounding today’s mortgage refinance rates:

There can be a fair amount of hype associated with products like mortgages, so when you hear a phrase like “current mortgage rates are historically low,” how seriously should you take it?


If you’ve decided to go forward with your mortgage refinance it’s equally important to focus your attention on fees like the loan origination fee and closing costs. The fees you pay actually decide how good of a deal you’re getting because you have to recoup what you pay at closing before realizing any benefit from a lower mortgage payment. The more you pay when closing, including lender junk fees, the longer it’s going to take you to break even, plus you’ll have less cash in your pockets.

You can learn more about paying less for your next home loan by avoiding unnecessary fees and markup by checking out my free Underground Mortgage Videos.

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