September 28, 2007, Newsletter Issue #83: Researching Refinance Rates

Tip of the Week

Over the past few years, the United States has been in the midst of a ‘refinance boom'. Basically, with mortgage interest rates as low as they have been in any recent history, homeowners are taking advantage by refinancing their higher interest mortgages. Refinancing rates change from day to day and vary from lender to lender. If you are interested in researching refinance rates for your home loan, here are a few places to start.

First, you can always take advantage of the Internet to find refinance rates from several lending institutions. Many resource websites and news websites also post daily changes to mortgage interest rates. Be sure to look at several sources to get a fair appraisal of what the mortgage market can really offer you.

Another great resource for daily refinance rates is your local newspaper. In most local newspapers, there is a section dedicated to listing the rates provided by mortgage lenders in your area. The choices here will be more limited because they are all local, but will also be more personal for the same reason. Use the newspaper to find out what your specific area can offer in terms of refinance rates from local lenders.

Researching refinance rates is easy if you simply use the right resources. Start with your paper and the Web and you will find rates for every person and loan scenario.

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