The MYTH: I have bad credit so when I go to refinance my home, I'm going to get stuck with a bad interest rate. Interest rates have dropped this week, currently they are at 5.05% and 4.49% for a 30 year mortgage and 15 year mortgage respectively. Even with your poor credit, you're still going get a killer interest rate. Now is a good time to at least go talk to a bank or bad credit lender.
Friday, February 5, 2010
Interest Rates drop
The MYTH: I have bad credit so when I go to refinance my home, I'm going to get stuck with a bad interest rate. Interest rates have dropped this week, currently they are at 5.05% and 4.49% for a 30 year mortgage and 15 year mortgage respectively. Even with your poor credit, you're still going get a killer interest rate. Now is a good time to at least go talk to a bank or bad credit lender.
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