Current Mortgage Rates may be attracting you? Trends in Mortgage Rates are always very interesting since even a little percentage increase or decrease means big money! Isn’t it good to know that the average 30-year fixed mortgage rate for today at 3.33% shows a decrease? Since last week, the decrease is 10 basis points. Regarding refinance, the same sort of loan has an APR of 3.27%, a decrease of 12 basis points over last week.
Why should you opt for shorter-term loans?
Though it all depends upon available finances, the shorter the term, the better, isn’t it? Interest rates are lesser and planning for the short-term is definitely easier with little apprehensions and doubts. Interest rates may decrease meanwhile during the term, allowing for profitable refinance options. At the same time, fixed loans take many of the tensions away compared to the ARMs.
How are the Hialeah rates doing? Hialeah Mortgage Rates are not such a big surprise. It all seems so mysterious, the great variety of rates are so much lower than the national average. Where are the loopholes, one wonders?