Volatile Home Mortgage Rates are Good For the Quick

November 30, 2008 6:28 am admin Business

If you have been shopping home mortgage rates this year, you are very aware of the dramatic and swift movements to mortgage rates.  Interest rates are not only shifting on a weekly basis, but on a daily basis, and sometimes even intra-day.  The good news for the savvy home loan borrowers is that they can lock on the rate dips and secure a very good deal. 

 

When in dip mode, home mortgage rates are pretty much at the historical lows not witnessed since the refinance boom of 2004.  If you are considering a home refinance or a new home purchase in today’s market, locking when home mortgage rates rapidly decline is a smart move if you are quick to the draw.