Reducing Repayment Term at Low Refinance Mortgage Rates
September 10th, 2010
There have been certain times in mortgage refinancing history when the opportunity to refinance in to a lower term home loan made a great deal of sense. Now, is one of those times because refinance mortgage rates are at the lowest point ever recorded. For those currently in 30-year loans, you can refinance into 15-year fixed rate mortgages for under 4.0 percent with relative low refinance closing costs. We may never experience mortgage refinance rates this low again, so its important to jump at the opportunity while its available. Most homeowners can save up to hundreds of thousands in saved interest by refinancing into a shorter-term loan at current refinance mortgage rates levels.
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