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Streamline Refinance with Low Mortgage Rates

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Freddie Mac reported that interest rate averages for home mortgage loans dipped to 4.86% for thirty-year terms.  Streamline refinance activity is on the rise because this is the lowest mortgage rates reported by FHA and VA mortgage lenders in quite a while.  Fifteen year mortgage rates declined to record levels at 4.36%.  Borrowers are scrambling to refinance their adjustable rate mortgages because many will save hundreds of dollars each month simply by refinancing and locking into a new fixed rate mortgage. 

FHA streamline possibilities look great for borrowers who already have existing FHA home loans.  If you are a veteran that has a VA home loan above 5.25%, we strongly recommend talking with a VA lender about refinancing into a great VA mortgage that will save you money every month.  Mortgage rates can’t get much lower, so wake up and talk to a loan officer about refinancing today!

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