Fixed Rate Refinance

On the verge..

We're all hoping to get rich quick of our home investments today. Rates are low, home prices are soaring - the recipe is set for complete financial success! Or is it? Experts say interest rates will rise soon and some pessimistic analysts are predicting a housing bubble, an outlook that is spreading like wildfire and causing a panic across the country. If there was ever a time for a fixed rate refinance now is it - before affordable fixed refinance rates disappear.

The time - and price - is right for a fixed rate refinance

If the average mortgage is $300,000 and $1.25 trillion in ARMs will finally come into their adjustable rate phases within the next three years, 4.2 million home owners in the United States will be set up for a grim financial surprise - a mortgage they once thought but can no longer afford. There will be a dash for a fixed rate refinance then, but by that time fixed rate refinance rates will be so high as to still be prohibitively expensive. Now is the time for a fixed rate refinance because now is perhaps the last time we will see low mortgage rates. The historically low levels will not continue, and a refinance a year from now may not just be less advantageous but financially prohibitive. With a fixed rate refinance you can prepare against this guaranteed rise in interest rates, you can fortify yourself against the price shock for when your interest rates rise.

How to secure a beneficial fixed rate refinance

Act fast, and act broad - never limit your search for a fixed rate refinance to a single lender or a small group of closely related mortgage outfits. Use the Internet and see whats out there in the way of a low refinance rate. The more opportunities you find - and the more competitive pressure you place on these lenders you contact - the greater your chance for finding and securing that fixed rate refinance rate , allowing you the luxury of stability and affordability long before the refinancing rush comes.