I am refinancing my house. The time is right. Interest rates are at historic 
lows so you don't want to miss out. Plus there is the homebuyer tax credit. If you can muster up the cash and are fortunate enough to still have a job, refinance or buy a house now. Currently, the interest rate on a 30 year fixed rate mortgage is 5.02% and on a 15 year fixed rate mortgage its 4.55%.
lows so you don't want to miss out. Plus there is the homebuyer tax credit. If you can muster up the cash and are fortunate enough to still have a job, refinance or buy a house now. Currently, the interest rate on a 30 year fixed rate mortgage is 5.02% and on a 15 year fixed rate mortgage its 4.55%.Your credit rating must be over 700 to get these rates. I will talk more about mortgages and credit scores in another post but I want to make sure you don't miss the boat. Don't worry, I believe that rates will be low for sometime. At least until the middle of 2011 and if your not ready then they still will be lower than rates of 10-12%.
The best advice I ever received about buying a house is that it costs nothing to go and look. Even if you don't have any money take a drive on a Sunday afternoon and look in on some of the open houses, see what you like or don't like just to get some ideas. Have fun with it and watch what happens to your thinking. Need some inspiration, click here.
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