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Current mortgage rate trends April 19, 2011 jumbo mortgages la jolla
 
One of the key factors in buying a home is getting a loan and one of the key factors of the loan is the interest rate.  I preach (sorry about that) to my clients about the value/benefit of getting a good interest rate. Now, at this time in history, interest rates are great! At one time interest rates were 10% and 15% so interest rates really are great right now.  
But, if you stay on track of the rates you can lock in a rate that will save you thousands over the life of your loan.  As little as a half percent can save you hundreds of dollars each month.  
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Current mortgage rate trends:
Mortgage rates short term are holding steady this morning and may drop in coming weeks after the S&P downgraded the US debt from stable to negative. After rating junk mortgages from 2002-2007 as AAA it looks like they aren't making the same mistake.  This is a signal to politicians that they now need to make decisions best for the US instead of their own political careers. 
Remember that mortgage ... more

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