Average Processed Refinance Rate Quotes for 1/28/09 - as of 12:00pm ET (subject to market volatility & change without notice)

30 Year Fixed Rate: 4.875% Note Rate - 5.246% Annual Percentage Rate*

15 Year Fixed Rate: 4.625% Note Rate - 4.874% Annual Percentage Rate*

* Rate Qualification Assumptions: 700+ Credit Score, Conforming Loan $200,000+, Qualified Single-Family Detached Dwelling, Primary Residence Use

 

Mortgage Market News - 1/28/09 - as of 12:00pm ET

Mortgage rates continue to be subject to high volatility. Normally, when key economic indicators like unemployment claims and consumer confidence reports reveal a shrinking economic outlook, mortgage rates will be dropped to stimulate growth. However, the bonds created by US mortgages are in less demand than in prior years because foreign investors who consumed US mortgage-backed securities in the past have lost interest. When less investors are consuming mortgage-backed securities or 'bonds', the yield on the bond offered to a potential investor has to be increased to expand the market of potential investors pushing the interest yield ultimately paid by the borrower back down. The tension created by these two opposing market forces is adding to the volatility consumers must be prepared to navigate when considering a home refinance.

 

For more information, contact your local Lendpower.com affiliate listed here:

Kansas City Metro Area Lendpower.com Affiliate: Cary Valentine - First Community Bank - Direct Line 816-554-5603

Fill in the fields below and get up to 3 refinance rate quotes specific to your market area... that's it!

NOTE: SOCIAL SECURITY OR CREDIT CARD NUMBERS ARE NEVER COLLECTED AT THIS WEBSITE TO INSURE USER PRIVACY!

First Name:   Last Name:  
Address:

 

  House or Unit # & Street

 

   City/Town & State

 Length of Ownership:  
Zip Code:  
Property Value: $   Amount Owed: $  
Requested Loan: $   Email Address:  

Phone:

(area code & number)

  - Best Time to Call:  

Loan Term:

(preferred)

 

Refinance Purpose:  

  

Dwelling Type:

(choose one)

 

Property Use:

(choose one)

 

 

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USER TERMS: LENDPOWER.COM is not licensed mortgage lender, but instead an independent FREE-OF-CHARGE consumer home refinance loan search tool. LENDPOWER.COM coordinates with local mortgage lenders licensed in your area to offer you the best home refinance terms available at this time. While you are not required to submit social security, credit card, or other sensitive personal data to use this rate-search tool, a lender will most likely require these items to complete a home loan transaction with you. By clicking the terms of agreement box below, you authorize LENDPOWER.COM to coordinate up to 3 home refinance loan offers with it's member lenders serving your market area. LENDPOWER.COM makes no warranties that area lenders will be able to extend a credit offer to you and you agree to hold LENDPOWER.COM harmless if your unable to secure your desired mortgage terms. Lender rates and terms are subject to change suddenly and without prior notice. Verify loan terms with your lender before initiating a home loan transaction.

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