How Do You Find A Friendly Mortgage Rate For Refinancing In Arizona?
If you’re looking to take out a refinance loan and are living in Arizona, you could take advantage of the good mortgage rates currently on the table. In December 2008, the average going rates for 30-year FHA refinance mortgages dipped nearly 20 basis points, landing at a friendly mortgage rate of 5.73%. Compare that with the average mortgage refinance rate of about 6.4% to 6.6% just recently. Since it’s a good time to consider having your mortgage refinanced in Arizona, here are some tips on finding the best mortgage rates around: Consider what matters to you. Determine the factors that will make a mortgage refinance rate advantageous for you. After all, your goal is to find the one that: a) you can afford and b) give you significant savings over the long term. Once you get a quote, do a few calculations to determine if the mortgage refinance rate is a good deal for you. Consider mortgage type and shorter payment periods. If you have the resources, it would be advantageous for you to s