15-year fixed-rate mortgage, 5-year ARM fall to record lows

The price of monthly mortgage payments just got lower as the
15 year fixed and 5 year ARM fell to record lows while the 30 year
is now under 5%.

Rates on fixed-rate mortgages dropped this week, with the benchmark
30-year fixed-rate mortgage averaging 4.82%,
according to Freddie Mac’s weekly survey, released on Thursday.

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Fifteen-year fixed-rate mortgages averaged 4.48% for the week ending April 16, down from 4.54% last week and 5.40% a year ago. This week's average is the lowest for the mortgage since Freddie Mac began officially tracking it in August 1991.

The ARM also set a record: It is at its lowest since Freddie Mac began tracking it in January 2005.

Despite the exceptional rates, potential Home Buyers may still
be reluctant to enter the Market.

The Mortgage Bankers Association reported applications were down 11% for the week ending April 10, compared with the week before.

What if you already have a home? What if you are currently "stuck"
with a Mortgage higher that this week's 15 year fixed?

What if you currently have a mortgage higher than 5%?

What if YOU could get Mortgage Relief?

What if YOU could get Mortgage Modification to a lower rate?

Get a Free Mortgage Audit...Save Thousands of Mortgage dollars!

If you need to improve your credit to get the best rates,
go see this free credit tutorial video...