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REFINANCE QUESTIONS
TERM GLOSSARY
MORTGAGE
RATES
AUTO
LOAN RATES
REFINANCE CALCULATOR
MORTGAGE PAYOFF
Need To Free Up More Funds?
Mortgage Payments Too Large?
Need Cash Right Now?
Want To Pay Off Your Bills?
LendingTree Mortgage Refinance Loan
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Fed Rates News Alert
History Of Fed Rate Cuts
Cut Discount Rate Fed Fund
Rate
01-03-01 Fed cuts Interest Rates
0.50% 6.00%
5.75%
01-04-01 Fed cuts
Interest Rates
0.25% 5.75%
5.50%
01-31-01 Fed cuts
Interest Rates
0.50% 5.50%
5.00%
03-20-01 Fed cuts
Interest Rates
0.50% 5.00%
4.50%
04-18-01 Fed cuts
Interest Rates
0.50% 4.50%
4.00%
05-15-01 Fed cuts
Interest Rates
0.50% 4.00%
3.50%
06-27-01 Fed cuts
Interest Rates
0.25% 3.75%
3.25%
08-21-01 Fed cuts
Interest Rates
0.25% 3.50%
3.00%
09-17-01 Fed cuts
Interest Rates
0.50% 3.00%
2.50%
10-02-01 Fed cuts
Interest Rates
0.50% 2.50%
2.00%
11-06-01 Fed cuts
Interest Rates
0.50% 2.00%
1.50%
12-11-01 Fed cuts
Interest Rates
0.25% 1.75%
1.25%
11-06-02 Fed cuts
Interest Rates
0.50% 1.25%
0.75%
January 2003 -- Change to "primary - secondary" discount rates.
06-25-03 Fed cuts
Interest Rates
0.25% 2.00%
1.00%
09-18-07 Fed cuts
Interest Rates 0.50% 5.25%
4.75%
10-31-07 Fed Cuts Interest Rates 0.25% 5.00%
4.50%
12-11-07 Fed Cuts Interest Rates 0.25% 4.75%
4.25%
01-22-08 Fed Cuts Interest Rates 0.75% 4.00%
3.50%
If you have an adjustable rate loan or credit card anticipate a drop in rates in the weeks following a rate cut. Fixed rates are not affected. However if you opt for a 15 or 30 year fixed rate loan program you're still in for savings of up to thousands of dollars over a rate that's just
.25% higher. Considering that today's rates are at extremely historic lows, a less risky approach to getting a good deal on a
rate is to apply for rate quotes at online lending marketplaces that allow
you to look up or receive national rates and rates by state.
Have
lenders compete for your business and negotiate your best rate with such
programs as adjustable rates mortgage to take advantage of future rate cuts.. Protect your current or future desired rate with rate re-lock-ins or long term rate locks that allow for rate locks of 30-60 days or more.
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Shopping Tips |
Define
Your Savings Needs
Check Natl. Rates
Calculate Payments
Apply for Rate Quotes
Compare Rate Quotes
Calculate Rate Quotes According To savings Needs
Accept Best Quote and Loan Program
Read
more...
Rate Are Low. Is Now A Good Time To Refinance?
A.
When interest rates fall, a homeowner should definitely call a
lender about refinancing, but he or she should discuss their entire
financial situation and goals before making any final decision.
Is your
goal to lower your monthly payment? Consolidate debts? Get cash out for
large purchases? Change your interest deduction expense for your taxes?
After Applying for a refinance quote ask
the lender offering
best rates to provide a couple of refinancing scenarios for you,
showing how your loan term length, monthly payment and your total interest
expense on the loan will change.
After looking at these scenarios, it will
be clear whether or not you should refinance.
Top
refinance rate
shopping lending
marketplaces
_____________ up
to 50% Savings!
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926 Cator Ave. Balt, Maryland
Phone: 410 323 4202
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