Mortgage Interest Rates Trends for December 4, 2009
Mortgage interest rates are at some of the lowest rates in years. It's important to keep an eye on mortgage rates. Rates are subject to volatility as the economy expands and contracts and with the latest economic news. The best interest rates are the picture we have now. A rise in rates can add thousands of dollars over a 30 year mortgage and it is often good to lock in your rates when you apply for you mortgage.
Current Interest Rates
- Conventional 30 Year Fixed 20% Down 5.0%
- Conventional 30 Year Fixed 10% Down 4.87%
- Investment 30 Year Fixed 25% Down 5,25%
- FHA 30 Year Fixed 3.5% Down 5.25%
- VA 30 Year Fixed 0% Down 5.25%
Things You Should Not Do While Buying or Refinancing Your Home
- Don't change your job or change industries
- Don't miss paying your bills on time
- Don't transfer large sums of money between you bank accounts
- Don't buy a new car
- Don't open new credit lines or credit card
If you don't have a lender or need to be pre-qualified call Hugh Lilly for a referral to a lender, call Hugh Lilly at 209-479-9222. Don't forget to ask about the 1st Time Buyer’s Tax Credit. Visit www.hughlilly.com for more information.