Good news for home buyers or borrowers looking to take advantage of today's low interest rates.  This puts mortgage rates at historic lows.  Here's a sample of a recent rate quote from All Tech Mortgage this morning:  12/10/2008

Refinance:  Paying off the existing first mortgage

Value of home: 350,000

Loan Amount: 280,000 Current Rate 6.25%

Loan Type:  Conventional

Fico Score: 746

Rate Quoted:  4.875% 30 day lock (4.984% apr)

Loan Fee:  1% + 3rd party closing costs or 5.25% with 0 loan fee with 3rd party costs

Monthly Payment Savings: $212.00

Rates fluctuate daily so if you are considering refinancing or buying a new home -- The time to lock in and Save is Now!

For high loan balances up to 75% LTV with credit scores + 740, Paying off the existing first mortgage only, the above scanerio will work with loan amounts up to $506,000.

Serving Northwest Homeowners since 1996  WA Mortgage License: 510-MB-18885