Current Mortgage Rates

Saturday, November 21, 2009



Look before you choose: There are several things to look for in order to separate those you contact, from those you do not contact. How long have they been doing debt negotiation? Did their contact method make sense to you? Was their website professional and easy to navigate? The quality of the website is usually an indication of overall competence. The more you know, the easier you can work with them. It is usually the best policy for a consumer to enlist the services of trained professionals rather than to attempt a settlement through personal contacts.

Debt negotiation company arbitrators are well versed in the legalities, strategies, and options that are necessary for successful bargaining with even the most aggressive creditor. Most consumers neither have the time nor expertise that these companies possess and these companies have networks that they have built over the years. Unless consumers are willing to educate themselves about the intricacies of settlement issues, it is usually best to choose one of the firms that can effectively represent their interests. Know the fees: There are two basic ways a professional debt negotiator, or arbitrator may charge fees and an equal number of ways that you would be paying them:
  • percentage of savings on principal;
    - or -
  • percentage of debt submitted for negotiation.
Obviously, the percentage on the first calculation would be higher than the percentage on debt submitted. If you get quotes from different debt negotiation specialists, be sure and ask exactly how the fee is calculated, then compare.




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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