BEST MORTGAGE RATES NEWS & INFORMATION
Tuesday, January 06, 2009
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LATEST BEST MORTGAGE RATES NEWS:

Mortgage Rates At 37- Year Low
Mortgage rates have hit a 37 year low, which could mean good news for those looking to buy a home or refinance. Mortgage rates have been falling for nine straight weeks, putting 30 year fixed rates at 5.10%. So is now the best time to refinance?

Low mortgage rates don’t entice buyers
As mortgage rates continue to flirt with 30-year lows, local lenders say they’re seeing a definite uptick in refinancing inquiries, but the historic low rates have done little to convince on-the-fence home buyers to re-enter the market.

As Interest Rates Drop, Interest in Refinancing Jumps
Mortgage consultants say a growing number of people want to take advantage of lower interest rates.

Big lenders to dominate 2009 mortgage Best Buys, says experts
In a study published today by mform.co.uk, HSBC was named the most consistently competitive mortgage lender of 2008, with Nationwide coming fifth. In the same study last year the top five were all building societies.

The best moves in mortgages in 2009
2008 was the year of foreclosures. 2009 will be the year of refinances and mortgage modifications.

Euro Falls to Three-Week Low on Speculation ECB Will Cut Rates
Jan. 6 (Bloomberg) -- The euro fell to a three-week low against the dollar on speculation slowing inflation will prompt the European Central Bank to cut interest rates more than forecast.

Low interest rates - too good to be true?
We all know by now that the economy is not doing so well, and neither is the housing market. But for those thinking about refinancing their home mortgage, you might not find a better time.