Get Multiple Home Loan Refinance Quotes in Minutes and all you have to do is ...
1. Answer a Few Basic Questions 2. Pick the Best Offer 3. Refinance your Home Loan to a Lower Rate 4. Get back to living your life.
Lower Your Payment while Rates are at Record Lows
Mortgage News > Lower Your Payment while Rates are at Record Lows
Interest rates remain at record low levels ending the week at 4.32% for a 30 year fixed mortgage and 3.5% for a 15 year fixed mortgage as reported by Freddie Mac Thursday.
As rates fall and homeowners refinance mortgage analysts are seeing a trend in on time payments improving. Tim Martin, a market analyst for the credit reporting agency TransUnion, stated the drop in payment delinquency from 6.67% to 5.82% can largely be attributed to “stricter lending policies” from the banks.
TransUnion has forecast a continual drop in delinquency throughout the remainder of the year ending around 5%.