Current Mortgage Rates

Saturday, September 06, 2008



Free online debt consolidation information is helpful, to get loans at lower interest rate. It is noted that the online option is gaining popularity, instead of personally approaching the creditor. There are many companies that provide online debt consolidation loans. In such cases, individuals can evaluate different loan offers of creditors, from the comfort of their home. The individual need only apply online, to get a plethora of information and various calls, from online companies proffering their services.

How does Online Debt Consolidation work? First your outstanding payments are consolidated into a single unpaid amount. Next a lower interest rate is selected in accordance with your total debt, the average interest rate charged on each of your individual repayments, your current financial standing, and your credit history. Do remember that you now make a single repayment check compared to the multiple ones you were making out earlier) to the Debt Consolidation agency and they in turn repay your previous creditors.

To create lower and easier repayments, the agency lowers your interest rate, extends your repayment term and even negotiates the owed amount with your prior creditors. So you finally end up signing a single cheque, at a lower rate of interest to the Debt Consolidation agency and can happily forget about your previous creditors. There are many benefits of applying for debt consolidation through online. Some of them are listed below:

  • There is no need to stand in the long queues of the financing company offering debt consolidation.
  • It is seen that online lenders offer better and low rates
  • It gets faster approval





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Current Mortgage Rates*

Loan Type
National Average
30-yr. fixed6.38%
30-yr. fixed jumbo7.00%
15-yr. fixed5.88%
15-yr. fixed jumbo6.50%
7/1 ARM6.25%
5/1 ARM6.00%
3/1 ARM5.88%
1-yr. ARM6.00%
1-yr. LIBOR ARM5.50%
10/1 ARM7.88%
*Mortgage Rates Updated: 09/04/2008