If you’ve been waiting for the best time to refinance your home there may be no time like that present according to the BizJournals website.
Long-term mortgage rates have fallen to their lowest level in six weeks on more weak housing news. A 30-year fixed-rate mortgage averaged 4.78 percent last week, down from 4.8 percent a week earlier, according to Freddie Mac.
http://www.bizjournals.com/triad/news/2011/05/02/mortgage-rates-at-six-week-low.html
If you want the best refinance rates for your next home loan you’ll want to avoid unnecessary markup and fees. Recent changes to laws protecting homeowners from lender and broker abuse don’t apply to every situation so if you’re not careful it’s easy to get burned. It is possible to pay a flat mortgage origination fee of just one percent and walk away with a wholesale mortgage rate once you find the right person to arrange mortgage refinancing.
You can learn more about getting wholesale mortgage rates while avoiding junk fees by checking out my free Underground Mortgage Refinancing Videos.
My name is Rob Regehr and I’m a personal finance writer with a chip on my shoulder for banks and brokers that take advantage of my friends and neighbors.
