Miami Real Estate Ready to Refinance as Mortgage Rates Decrease

According to the Freddie Mac, mortgage rates for thirty-year fixed mortgages declined to an average rate of about five percent during the second week of March, 2009. This is about one percentage point less than the average rates one year ago. Based on the various opinions of economists nationwide, the current rates are not expected to change much throughout March and April, 2009. If the required loan-to-value is there, this continues to be an excellent time to refinance and lock in current rates.

http://www.southptc.com/florida-home-refinance-mortgage.html