Compare Today's Refinance Rates - Pureloan.com Are you searching for the best mortgage refinance rate? Should you be refinancing the already active mortgage loan? Shall we call it ‘double trouble’ with all the complex procedures? The experts say “Yes” with a downward trend in the interest rates. It is not so simple to locate the lenders either. Many factors matter like the favourable credit score rating of over 740.
A glance at the ongoing Refinance rates
Check out Lender A to know the way the winds are blowing. One would prefer shorter-term loans for the refinance with the target of reducing the overall loan duration. What about the 15-year fixed refinance? Assuming a $200,000 loan in zip code 95464, you pay a 4.625% interest rate for the 15-year fixed refinance. If the 20-year fixed seems attractive, the interest rate is 5.625%. Longer durations attract higher rates. Strangely enough, the 30-year fixed refinance also charges 5.625%.
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