All Time Lows on Interest Rates for Mortgage Loans

Mortgage interest rates have recently hit 4.75%....wow that is really low. Rates this low can help a homebuyer purchase more house for the same payment or how about refinancing an existing mortgage note (if you are planning to stay put for at least 5 years or more).

If you are thinking of purchasing a home in San Antonio this could be a very good moment to do just that...interest rates are really low, inventory of homes is plentiful and home values are still reasonable.

For more information or a free San Antonio Home search go to www.HollyGHomes.com.

Mortgage Interest Rates Hitting Some Lows!

Even though the tax credit is gone buying a home with the interest rates this low can really reduce that mortgage payment. So you could buy more house for the same payment or buy a home at the price originally considered and walk away with a lesser payment.

At this moment, a "well qualified" buyer could possibly get a conventional 30 year fixed rate note at 4.5% or an FHA 30 year fixed note at around 4.4% or less...check with your favorite lender to verify rates.

This could be a great time to refinance your home as well. A good rule of thumb would be for the new rate to be at least 2 percentage points lower than your current rate.

For more information or a free San Antonio home search go to www.HollyGHomes.com.