Mortgage Blog

Where can we go from here? With rates on a home refinance still sitting right below 5% and the 30 year US treasury bond hovering at 4.5%(this is the return you would get) seems like the party may be coming to an end. In today’s world would you rather borrow money from the basically Bankrupt U.S. government and get a 4.5% return on your money with the CHANCE they may pay out on that bond or would you rather borrow money at 4.875% from one of the big banks who have already paid back the government and are doing very well. FreeHomeRefi.com feels like the answer is clear, we would take out a home refinance from the big banks (all that we work with) who are stable and will continue to get more stable as the economy starts to strengthen. Most of you don’t realize that rates are below 4.5% on a 15 year fixed and arms in some cases below 4%. America it’s time to get off the couch, stop thinking you are Warren Buffet and can time the market and take advantage now. Current mortgage rates have NEVER been this low so wise up, get to FREEHOMEREFI.COM and let us take the work out of shopping for you, and make this the best Refinance ever, GUARANTEED. Here at FHR we put our money where our mouth is unlike many other institutions; we are offering a FREE Vizio television to all who complete the loan process with us. It’s very simple, follow these step to save money and get a free TV, I dare you to find a better deal.

1. Go to Freehomerefi.com
2. Fill out your info( 10 questions)
3. We contact you with the best rate and lender in your area based on your needs,
4. Complete the loan
5. We send you a TV
What could be easier than a 5 step plan to save money and get a free TV? We can’t think of anything and if you think of something easier let us know. GET OFF THE COUCH, and let us show you why we are one of the fastest growing web sites in America.

In recent years home refinance rates have pretty much remained in the 5-6% range and have held steady in that range due to all of the paper trading that was accruing between banks.  With the fallout of the banking industry and the private sectors exit from the mortgage securities market the Federal Reserve was forced to step in and purchase mortgage backed securities in an effort to keep the flow of money to banks so they could continue to lend.  By the fed agreeing to purchase these securities it has given new life to the mortgage market and has made home refinance rates fall down to below 5% for the first time in many years.

The private sector has started to enter the mortgage securities world and as a result of the feds buying and now private banks getting in the mix rates are continuing to fall.  It is this writer’s opinion that you should definitely not wait to refinance your home any longer.  Rates are not going to stay low forever and in my opinion they will probably tick up in the coming months so get off the fence and get your home refinance today.  Freehomerefi.com  has lenders offering loans at 4.75% on a 30 year fixed, How can you pass up a loan at 4.75% on a 30 year fixed with no points?  Thank the US government for their stupidity (or generosity) depending on which side of the fence your on and jump quickly to get your loan done today.  The government is on track to cancel all of their programs they put in place to help home owners in December so don’t wait until it’s too late, act today.