Current Mortgage Rates

Friday, November 20, 2009



The people who work for debt consolidation companies are trained to help you become free from your debts. They usually have strong financial backgrounds and have been exposed to a wide variety of situations. They can give you advice on a wide range of topics including how to consolidate your debts to pay much lower interest rates, and once you do that how to keep living debt free. You will slowly improve your credit rating by following their plans that they devise for you. When you enlist the services of a debt consolidation company, you're looking for help with gathering your debt together, lowering the balances, and arranging to repay the debt in one easy payment. Debt consolidation companies work with creditors, arranging payment plans and negotiating interest fees in a way consumers typically could not.

Although creditors would never admit this to the average consumer, they would rather get something than nothing at all, which is where the debt consolidation companies come in. So how do you know which company is a legitimate company looking to truly help you reduce your debt with affordable monthly payments and a reasonable interest rate? First, try to steer clear of companies who try to sign you into an agreement quickly or who do not take the time, or at least offer, to have an in-person consultation between you and one of their consultants who can walk through your situation with you. Another way to tell if a company may be out to get your money is if they ask for "voluntary contributions" or some other form of regular payment from you. Debt consolidation can help you take control of your bills and mounting debt if it is done right. You have to pick the company you choose carefully and remember not to jump into an agreement to quickly.




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Current Mortgage Rates*

Loan Type
National Average
30-yr. fixed4.75%
30-yr. fixed jumbo5.25%
15-yr. fixed4.25%
15-yr. fixed jumbo4.75%
7/1 ARM4.38%
5/1 ARM4.00%
3/1 ARM4.00%
1-yr. ARM3.62%
1-yr. LIBOR ARM4.38%
10/1 ARM4.62%
*Mortgage Rates Updated: 11/20/2009