Mortgage Refinance Rates Still Hovering Near All-Time Lows

The year 2009 has been great for mortgage refinance rates. We started off the year with a bang, as interest rates for 30 year fixed mortgages dipped below 5.0% for a brief period, before gradually climbing back up to the 5.5% level into the summer.

Fortunately, for those that missed their lock opportunity earlier in the year, rates have once again dipped to near historic low levels.

Mortgage refinance rates have been helped by the consistent 10-year treasury yield that has held near the 3.5% level for quite some time. The mortgage spreads have also come down with this recent mortgage rate dip.

Added to these mortgage rate-reducing factors, the US government recently plunked down billions to buy mortgage-backed securities that have been glutting the market. This may be helping to free up some lender and investor capital back into the mortgage markets.

If you are considering a refinance now and need some help, have questions, or need some competitive rate quotes, please check out the popular Refinance Tool Box. Just give a call at 888-850-9888 or fill out a Rate Quote Request online for professional assistance without the aggressive high-pressure sales tactics.

May the Mortgage Refinance Rates be with You!

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