There have been some speculations that interest rates on government-backed mortgages could creep even lower this coming week. A writer over at BankRate.com said the following:
For the fourth week in a row, we are going to set a record for the lowest rate in the nearly 25-year history of Bankrate’s weekly mortgage survey.
Last week the 30-year fixed averaged 4.75 percent in Bankrate’s survey. When the survey is conducted today, I expect it to fall to around 4.66 percent.
Contact us in the sidebar right away if you would like to refinance to a lower interest rate while such rates are still available.