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
|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
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.
- 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)