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Dustin Said:

Why is Freddie Mac reporting the lowest mortgage rates since 1971?

We Answered:

Because Bernake is keeping the index rates and the short term rates artificially low.

Once those rates return to normal, the mortgage rates will go up as well.

Here's another little tid-bit. Inflation will go up too. Right now, inflation is in a single digit of 2.

Yet, the misery index is at 11.72 up from 7.42 under Bush.

Misery Index is Unemployment + Inflation.

The number is being driven by Unemployment almost exclusively.

If Bernanke raises his rates, the sure inflation spike will cause the Zer0bama administration to implode.

BTW, New home sales are at their lowest levels since 1962.

Misery Index (11.72) = Unemployment rate (9.7) + Inflation rate (2.02)

Peggy Said:

Every company advertises having the lowest mortgage rates, but which company actually has them?

We Answered:

The Banks

BofA
Wells

Big banks with strict guidelines

Warren Said:

What are some lenders with the lowest mortgage rates for Colorado?

We Answered:

Unless you have a fixed-rate mortgage, the current mortgage interest rates are very important to deciding how much you should pay every month<!--therefore it is always a good idea to keep an eye on what the rates are doing. If interest rates should rise, so will your monthly payments and again, if interest rates were to fall, so would the amount you would have to pay.

http://mortgages-finance.awardspace.com/Mortgage-Rate-Compare.htm

Monthly repayments made on your mortgage and the amount that was borrowed, is determined by current mortgage interest rates. Different-->companies offer different interest rates so it is a good idea to shop around for the best deal before settling on one particular lender.

Angela Said:

Lowest mortgage rates possible?

We Answered:

Investigate that 5.00% very closely. Make sure it is a fixed rate for the duration of the mortgage. Just do your homework. The rates might go down a little bit lower, but I wouldn't count on them going significantly lower. I am sure there are many house loans that have been given at 0%, but that would not be from a financing company in business to make money off loans.

Eva Said:

What is the lowest percentage mortgage rates will go ?

We Answered:

4.5 is what BofA is offering up...Now you should have excellent credit to get that rate and be willing to come up with a couple of thousand to close and even more to buy points.

Margaret Said:

Which state has the lowest mortgage rates?

We Answered:

Don't know about the rest of the nation but in the following states the 30-yr fixed rate on loans of $100,000 or more is 6.5%: MN, WI, SD, ND, IA, IL, KY, MI, MO, OH, and TN.