Here is a Gift Idea or a New Years Resolution – refinance at these low rates and save on your monthly payments!
Here are today’s rates for purchase, add about .25% for refinancing..
Today’s mortgage rates
| Interest Rate | APR | |
|---|---|---|
| 30yr Fixed Conforming | 3.875% | 4.055% |
| 30yr Fixed FHA | 3.750% | 4.550% |
| 15yr Fixed Conforming | 3.250% | 3.566% |
| 7yr ARM Conforming | 2.625% | 3.200% |
| 5yr ARM FHA | 2.750% | 2.908% |
| 30yr Fixed Jumbo | 4.000% | 4.140% |
Rates as of 12/15/2011 9:15 AM Central
Important disclosures, assumptions
and APR View/print
Rates provided by: 
The Gift that keeps on Giving…
I ran a scenario of refinancing a $225,000 mortgage that is at 5.5% and refinanced it at 4% and came up with a savings of $15,463 over the next 7 years! That’s approx $184/month savings.
Run your own scenario in this Refinance Calculator and see what kind of savings you can make on refinancing.
Want to get a quote on refinancing from Edina Realty Mortgage? Follow the steps here.
Related articles
- Mortgage rates fall to record lows (money.cnn.com)
- Mortgage rates fall to record lows – CNNMoney (money.cnn.com)
- Mortgage rates hover near all-time lows: Freddie Mac (housingwire.com)
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