Wednesday, January 14, 2009

30 Year Mortgage Rates reach record lows

According to the St. Louis Fed, the rates on Conventional 30 Year Mortgages are at record lows. Needless to say, this is one of several factors that is driving the frequency of Adjustable Rate Mortgages (ARMs) to record lows as well.

Graph: 30-Year Conventional Mortgage Rate

If you haven't already, you should consider refinancing your existing property with a 30 year fixed, if you can.

No comments:

Post a Comment