We Offer Many No-Gimmick Home Mortgage & Home Refinance Loan Programs. Wondering... Should I Refinance My Home? Should I Refinance Our Mortgage? Well $200,000 is about $1000/mo. Similar savings for other loan amounts. And today's best financing rate is a very low, realistic, fair & comfortable rate of about 5.0% for a 30 year fixed rate mortgage. That is your rate for the entire length of your loan, 30 years is popular today, or from 1 to 40 years, it's your choice - no increases, no gimmicks, no games, no bait-and-switch. Have excellent or good credit? Have poor or no credit? You are in the right place. We will help. We offer a simple, no-nonsense way for you to quickly and easily get the get the good credit, fair credit, poor credit, or any credit refinance, mortgage refinance, home refinance, mortgage or home loan you need.  Our mortgage loan & home refinance experts will help do whatever it takes to get you the best interest rate, the lowest monthly payment, and the most cash if you need cash now. We work around less-than-perfect, poor, or no credit and reward those with good credit or excellent credit. If you need to refinance your mortgage, need cash, fix an Adjustable Rate Mortgage that's Out-Of-Control, need to Refinance An ARM to get a Fixed-Rate, get a home mortgage, inquire about an FHA Refinance or FHA Mortgage - up to $730,000 with Credit Scores as low as 580, or to remortgage, Peak Home Loans will get it done for you!  We accomplish what others can't. "And we beat bank rates... every time..."  so  START NOW !   Get a quote & fast results - Save time & money - You have nothing to lose - This is a free, no-obligation service.
- Peak Home Loans LLC, trusted since 2004 & thousands of satisfied customers.

*******  CREDIT CARD BILLS OUT-OF-CONTROL???   *******
*******  Get Personal Debt Consolidation Services   *******
*******  Start reducing your debt today -  CLICK HERE  *******
 

Modest Inflation Expectations Allow Mortgage Rates to Once Again Set New Record Lows

McLean, VA – Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), and for yet another week, fixed-rate mortgages reached record lows, as did the 5-year adjustable rate in this survey. (The 30-year fixed-rate survey began in 1971, the 15-year began in 1991, and the 5-year adjustable in 2005.)

News Facts

• 30-year fixed-rate mortgage (FRM) averaged 4.32 percent with an average 0.7 point for the week ending September 2, 2010, down from last week when it averaged 4.36 percent. Last year at this time, the 30-year FRM averaged 5.08 percent.

• 15-year FRM this week averaged a record low of 3.83 percent with an average 0.6 point, down from last week when it averaged 3.86 percent. A year ago at this time, the 15-year FRM averaged 4.54 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.54 percent this week, with an average 0.6 point, down from last week when it averaged 3.56 percent. A year ago, the 5-year ARM averaged 4.59 percent.

• 1-year Treasury-indexed ARM averaged 3.50 percent this week with an average 0.7 point, down from last week when it averaged 3.52 percent. At this time last year, the 1-year ARM averaged 4.62 percent.

Average commitment rates should be reported along with average fees and points to reflect the total cost of obtaining the mortgage.

Quotes

• "The 12-month price growth of core personal expenditures remained at 1.4 percent in July, which kept overall inflation expectations well at bay. Fed chairman Bernanke reiterated this in his August 27th speech in Wyoming, noting that with inflation expectations reasonably stable and the economy growing, inflation should remain near current readings for some time before rising slowly. As a result, mortgage rates eased further this week to new historic lows.

• "House prices, however, appear to be firming. Home prices rose 2.3 percent between the first and second quarter of this year, reaching the highest level since the fourth quarter of 2008, according to the S&P/Case Shiller® National Home Price Index. In addition, 15 metropolitan areas in the 20-City Composite Index experienced annual house price growth in June, compared to 13 in May and 11 in April."

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.