Today’s Mortgages Rates Are At Historically Low Levels!

Just a quick about about today’s mortgage interest rates and how these may be able to save you money on your current mortgage. As you have probably gathered we are in a period of historically low interest rates, which has obviously benefited those who have recently taken out a new mortgage or for those that have a a good variable rate. I thought I would suggest that if you had a rate of fixed rate of 5.75% and up (in some cases even 5.50% and up) as well as other less desirable non-fixed packages it may be worth talking to your mortgage lender about refinancing. There are however, things to keep in mind ie refinancing penalties but, if a talk with your lender could provide further clarity it may also save you a fair bit of money today and in the long run.