Today’s Mortgage Refinance Rates, Austin Texas: Record Low Rates

Today’s Mortgage Refinance Rates, Austin Texas:  Are you interested in the current record low mortgage refinance rates?  Would you like to refinance your existing home mortgage loan at a lower mortgage refinance rate?  We’re a local Austin mortgage refinance company that can help you today!  We have successfully helped people all over Texas with their mortgage refinance needs.  We can help you.  Give us a call today!

                                           Austin:   512-996-8194                       Houston:   713-589-2244

Austin’s Current Rates   as of 04/07/2009 
Mortgage Rate                         Interest Rate        APR
Conforming Home Loans:  
30-Year Fixed Mortgage Rate     4.875%      5.086%
20-Year Fixed Mortgage Rate     5.125%      5.416%
15-Year Fixed Mortgage Rate     4.625%      4.989%

Texas Jumbo Home Loans: Amounts that exceed $417,000) 
30-Year Fixed Mortgage Rate    6.500%     6.651%

FHA Home Loans: (loan limits vary by county) 
30-Year Fixed Mortgage Rate    5.000%    5.645%

Texas Mortgage Refinance Home Equity Loan                                       

Bernanke Easing Mortgage Refinance Rates for Consumer Rebound:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBk3iO3J9Ed4

April 3 (Bloomberg) — U.S. Federal Reserve Chairman Ben S. Bernanke is delivering what he promised five months ago, record-low mortgage rates and a mortgage refinancing boom that’s putting cash in consumers’ pockets.

Fixed 30-year mortgage rates fell to a record low for the second consecutive week last week, hitting 4.78 percent, Freddie Mac said yesterday in a statement. The interest rates are the lowest in records dating to 1971, and come after Bernanke told Congress in November that helping the most creditworthy borrowers was essential to reviving the economy.

Mortgage refinance applications in the U.S. rose for the fourth straight week last week as a decline in borrowing costs spurred homeowners to refinance existing home loans, while purchases of new houses unexpectedly rose in February. The Fed’s effort to bring down fixed rates may give consumers as much as $25 billion, said Mark Zandi, chief economist of Moody’s Economy.com. 

http://www.economy.com/default.asp

“It certainly gives further fuel to consumer spending,” said Nicolas Retsinas, director of Harvard University’s Joint Center for Housing Studies in Cambridge, Massachusetts. “It puts more money into circulation.”

http://www.bankrate.com/finance/mortgages/interest-rate-roundup-april-2-2009.aspx

The extra cash may help boost first-quarter consumer spending by 1 percent to 1.5 percent, said Barton Biggs, managing partner at New York-based hedge fund Traxis Partners LLC. Consumer spending accounts for about two-thirds of the U.S. economy. http://mylendingplace.com/mortgage-rates/

        Give us a call TODAY!    We can help you TODAY!     Austin:  512-996-8194    Houston:  713-589-2244

                                                 

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