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Mortgage Refinancing Rates Hit Six Week Low

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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.

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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.

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