Refinance Rates
The terms mortgage rates and refinance rates have
been crowded out of the news over the last three years because of
mortgage modifications, a high foreclosure rate and the shortcuts
mortgage lenders took when foreclosing on properties.The good news in the mortgage field is the rock-bottom rates available
to home buyers and existing homeowners who want to refinance. Homeowners
can take advantage of low rates to lower their payments or to
consolidate higher interest rate debt in to a lower rate mortgage.
Bills.com publishes today’s lowest mortgage rates in a rate table on all
of mortgage-related pages, so check there for the latest and best rates
in the market today, or look below for an expanded table.Even with market rates hovering near historic lows, each homeowner must
determine whether a mortgage refinance makes economic sense. At what
rate is a refinance worthwhile?Let us start with a basic question: How are mortgage rates set for different customers?
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