Home Link Loan Suggest

Home Link Loan Suggest

Home Link Loan Suggest

A Seattle Times publication of May 1, 2009, captioned: "30-year Mortgage Rates Tie Record Low- 4.78%" indicated that a survey by Freddie Mac had found that interest rates on mortgage loans hit an all-time low in the first week of April, 2009. The paper reported that the results of the 30-year survey by Freddie Mac had spurred "refinancing activity as the troubled housing market moves closer to possibly hitting the bottom."

Good Time for Mortgage Refinancing

The new finding on housing credit rates shows that the best times for refinancing and home equity loans are here. The Seattle Times publication reported Frank Nothaft, Freddie Mac's chief economist, as confirming that due to the low rates, "those who refinance a $200,000 loan would save almost $212 in monthly mortgage payments and more than $2,500 a year."