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Saturday, April 18, 2009

Tips for Refinancing Your Mortgage

NBC 29 News, VA

Though much of the news from the real estate market hasn't been good, there's a silver lining. Mortgage interest rates are the lowest they've been in decades and many homeowners are turning to refinancing to save a little cash. refinancing mortgage

According to Freddie Mac, the average interest rate on a 30 year fixed mortgage is at 5.10 percent. That percentage is 37 year low. But there's a lot to consider before you change the terms of your mortgage, lock in the lower interest rate and refinance. refinancing mortgage

The Thornton family has had a house in Crozet for two and a half years. Daniel Thornton and his family are in the process refinancing the mortgage on their home now that interest rates have dropped to historic lows. Read More...



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