Looking to do a Refi? Mortgage rates are down this
past week, after a sharp rise in rates the past couple of weeks,
opening a window for many that thought the opportunity to do a mortgage
refinance was over.
Rates have come down somewhat from their recent high and are still low compared to historical mortgage rates so doing a home mortgage refinance is still possible for many.
The week of May 18, 2009 one could have locked in a mortgage refinance rate at 4.84 percent for a fixed rate conforming 30 year mortgage. Today's mortgage rates are higher, a conforming 30 year fixed mortgage is now at 5.65%. If you're looking to refi a jumbo mortgage, rates are higher than conforming refi loan rates, today's jumbo refinance rate is at 6.39 percent, up from the May 18 low of 6.12 percent but down from last week's rate of 6.45 percent
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