Current Mortgage Rates

Saturday, November 21, 2009



Current refinance rate research is not hard to do because many banks are willing to share their current refinance rates with a prospective customer. The key is to not only find the deal, but also the best overall refinance package. The customer needs to understand how the mortgage will penalize the borrower and what the new mortgage closing costs will be. When the borrower understands all these factors, he can make the best refinance decision possible. The easiest way to find and compare the current refinance mortgage rate between lenders is online, as you can enjoy comparing rates instantly and with the touch of a button.

Some lenders offer additional discounts to online customers, so you could get an even better refinance mortgage rate compared to the rate that the lender offers to phone and other customers. With a wide range of refinance loan products available, you can find that the rates vary quite dramatically from product to product and from lender to lender. Making these comparisons means that you can look out for a really great refinance mortgage rate, which means far more affordable borrowing for you. Also, you can find out the current interest rates from local dailies. You can contact a mortgage broker and speak with a real person about your home refinance questions.




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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. ARM3.75%
1-yr. LIBOR ARM4.38%
10/1 ARM4.62%
*Mortgage Rates Updated: 11/21/2009