Current mortgage rates todays will remain low for the rest of 2011 based on world economic troubles in the United States, Europe and China. The U.S economy is still limping along at less than the growth rate expected. As a result unemployment is still high and the FOMC has kept interest rates at historical lows driving down mortgage rates [...]
In the first quarter of 2011, conforming 30 year current mortgage rates mortgageratescurrent stayed under 5.00 percent for the entire quarter. Also during the first quarter fixed-rate loans accounted for more than 95 percent of refinance loans because current refinance rates on 30 year mortgage loans also stayed under 5.00 percent for the quarter. The 95% refinance number is based [...]