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Got a Home Loan in Virginia?
Get Low Refinance Rates From Just 2.12%.

Mortgage Rates at Cheapest Refinancing Costs in a Month

If you’re considering mortgage refinancing and are looking for the lowest possible interest rates Mortgage Rate Watch has released their recommendations for the coming week.

CURRENT MARKET: The “Best Execution” conventional 30-year fixed mortgage rate is 4.875%. If you are looking to move down to 4.75%, this offer carries higher closing costs but could be worth it to applicants who plan on keeping their new mortgage outstanding for longer than the next 10 years.


There are however several things you need to know about recent changes made to regulations in the United States on mortgage broker compensation. Mortgage brokers can no longer take a commission from marking up your interest rate known as Yield Spread Premium and charge you the mortgage origination fee.

What does this mean for homeowners looking for the lowest refinance rates? If you opt to pay the loan origination fee instead of financing your broker fee you’ll have to spend more time shopping for the right person to get you the best mortgage refinance rates.

In the face of declining commissions you can expect most brokers to jack up their fees.

You can learn more about finding the best refinance company for your next home loan without paying junk fees by checking out my free Underground Mortgage Refinancing Videos.

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