Getting a Lower Mortgage Interest Rate!

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Low Rate Mortgage Comparisons

Today's 30-Year Fixed Mortgage Rate is 5.50%!

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Last Weeks Rates

GroupOne Mortgage
916-383-4185

30-year Conforming 5.75%
(APR: 6.02%)
15-year Conforming 5.50%
(APR: 5.96%)
5-year Conforming 5.375%
(APR: 5.89%)

Sierra Capital Financial
916-613-6533

30-year Conforming 6.00%
(APR: 6.25%)
15-year Conforming 5.65%
(APR: 5.98%)
5-year Conforming 5.44%
(APR: 5.93%)

Velocity Mortgage
214-481-0816

30-year Conforming 6.10%
(APR: 6.31%)
15-year Conforming 5.70%
(APR: 6.11%)
5-year Conforming 5.57%
(APR: 6.12%)

Last Updated: November 14, 2008

Current Rates

November 21, 2008	Current Rates	52-Wk High
Fed Funds:	1.00%	4.50%
Prime Rate:	4.00%	7.50%
LIBOR:	2.15%	5.15%
30-yr Mortgage:	6.14%	6.61%
15-year Mortgage:	5.84%	6.22%
5-year ARM:	5.94%	6.14%
Jumbo Mortgage:	7.68%	7.89%
Home Equity Loan:	5.03%	6.96%
* Base rate posted by 75% of the nation's largest banks.
Source: Reuters, WSJ Market Data Group, Bankrate.com

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How To Get A Lower Mortgage Interest Rate

When you refinance to lower your mortgage interest rate, you can significantly reduce your monthly mortgage payment, so long as you don’t increase your mortgage principal amount (as in a cash-out refinance).

It’s important, however, to evaluate how long you plan to remain in your home. If you plan to stay in your home for several years, evaluate whether the cost savings resulting from a lower interest rate outweigh your home mortgage refinancing fees. If you plan to sell your home in the near future, refinancing may not be your best option.

Build Home Equity Faster

You may want to build equity in your home more quickly than when you first obtained your mortgage. In this case, ask your FreeLoanComparison.com lender partner about a home mortgage with a shorter term. For example, if you have a 30-year mortgage, you may want to refinance to a 10-, 15-, or 20-year mortgage and build equity faster.

For more helpful mortgage tips on a lower interest rate, mortgage refinancing, home loans, reverse mortgages or a home equity line of credit, contact FreeLoanComparison.com today!

Last update: November 14, 2008

Mortgage payment's on $200,000 are as low as $895/mo*.

FreeLoanComparison.com is not acting as a lender, agent, broker, correspondent lender or mortgage banker, nor is the information collected from you an application for credit, a loan pre-qualification, or a mortgage loan application.