Mortgage refinancing interest rates predictions

Even a small change in interest rates could mean refinance a big savings for homeowners, their home. Here I will predict interest rates on mortgages for the remainder of 2009, and one for a few months in 2010. Also, I'll tell you why I think that prices change for the benefit of the homeowner sometime in October this year.

To obtain the right to order it. I predict that mortgage interest rates will be lowered in 2009 their prior lows of around 4.69% for the typical 30 years fixed rate loan. Currently, the prices of 5.19% for the loan. While 5.19% is still very low, refinance and save 5% really adds up to a lot of money in the long run.

Homeowners have an average interest rate in this country of about 9%. An interest rate of 4.69% is almost half. The savings would be amazing if a home can refinance at such low> Rate. I think it will be possible in the month of October 2009 This is when I predict that mortgage rates will be reduced to the previous low of 4.69%. If a home owner can wait until then, should be the benefits of the lowest rates possible.

I predict that mortgage rates low in October, because that's when creditors and banks are looking for a new round of homeowners to refinance applications. Rightnow and in recent months, lenders, brokers and banks, with desperate homeowners looking to save money, save their homes flooded or not lost. While this is good for homeowners who need it quickly became a nightmare for providers of office work and raise rates to stop the flow. While the increase was only 5% of this enough to deter most homeowners only looking for was to save money, but still allows homeowners and apartment in dangerlosing their home, the chance to save it.

The bottom line is, I believe that mortgage rates will be lowered in the month of October this year. Although not much, but 0.5% savings really adds up to a substantial amount of money in the long term.

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