Thursday, August 26, 2004

Mortgage Rates Hold Low And Steady - Good Time To Refinance?

The three month trend shows mortgage rates in the upper-mid five percent range with small fluctuations upward and downward. Over-all mortgage rates may continue in this trend for now.

The 30-year Conventional Fixed Rate Mortgage was at 5.653 percent from 5.64 percent.

The 15-year Conventional Fixed Rate Mortgage was at 5.079 percent from 5.067 percent.

Many homeowners are now refinancing mortgages a second time in order to save thousands of dollars more over their current refinance program. See if a first or second refinance program will save you more on your monthly payments and tens of thousands over the term of you loan.