Dallas Mortgage Refinance: Rates on 30-Year Fixed Mortgages

Dallas Mortgage Refinance: Rates on 30-Year Fixed Mortgages

http://money.cnn.com/2010/11/02/real_estate/make_low_rates_work.moneymag/

Just when it looked as if mortgage rates couldn’t fall any further, they did. Rates on 30-year fixed-rate mortgages (excluding jumbos) hit an average of 4.3% in September, the lowest level since 1953, according to Freddie Mac, and are still hovering below 4.5%.

15-year fixed rates are even more mouthwatering: 3.8%. Mind you, those are averages. The most creditworthy borrowers can do even better, snagging rates perhaps a quarter of a percentage point lower. So what’s in this for you? A lot, potentially. If you have a credit score of 720 or higher and at least 20% equity in your home, you might use these crazy-low rates to shorten your mortgage term, free up cash, or even add to your real estate holdings, for example. Whatever you decide, don’t wait too long.

We’re a local Dallas lender that can offer you the best mortgage rates with the lowest closing costs! Give us a call today!

Dallas:  972-325-2120     Austin:  512-996-8194      Houston:  713-589-2244

If you’d like more information regarding a Texas refinance or a home equity loan please call us at 512-996-8194

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