Refinance Mortgage Rates| Should I do a home equity loan at today’s rates?

November 4, 2008

Today’s home loan rates are slightly better than last week. (See below mortgage chart for the 30 year fixed rate.)

Today’s 30 year fixed rate is down slightly from Friday making it a good time to refinance or look at home equity loans. Consider consolidating your bills with a home equity loan. We save our clients, on average, of $400-$600

30-Year Fixed Rate Mortgage 6.500% 6.733%
20-Year Fixed Rate Mortgage 6.625% 6.933%
15-Year Fixed Rate Mortgage 6.125% 6.505%

Jumbo Home Loans – Amounts that exceed conforming loan limits $417,000.
30-Year Fixed 9.875% 10.061%
15-Year Fixed 9.125% 9.394%

If you want to buy or refinance a mortgage a loan over $417,000 it’s really important we avoid jumbo pricing as you can see these jumbo home loan rates are not good. As a Texas mortgage broker, we offer the best “NO PMI” home loans and the lowest second lien rates around.

Please call or visit www.mylendingplace.com today.
Current Mortgage Chart for the 30 year fixed rate.

Note: Mortgage Protection Insurance is not the same as mortgage insurance (PMI). Mortgage Protection Insurance is a level-term policy (which never goes down) term life insurance policy that pays your home off in the event the main bread-winner dies or become disabled. Having this affordable term policy is so important. Visit www.texastermlife.com or more info.

http://texastermlife.com/life-insurance-quote/

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