30 Year Fixed Rate Mortgage – Getting the Best 30 Year Fixed Rate Mortgage
Posted on November 6, 2009
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Since the housing crisis started in 2007 the 30 year fixed mortgage rates have fallen drastically and are currently hovering around 4.8%. Getting a new loan or refinancing your existing 30 year fixed mortgage can make a lot of sense if you plan on being at your home for five years or more. Just be aware that upfront closing costs and fees will eat into some of the money you save initially, but over the long run you can substantially lower your monthly payments and even extend them out a bit if you so wish.
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