Spiking Mortgage Rates Illustrate the Need for Quick Action for Refinancers, Reports Rate State

Seattle, Washington (PRWEB) July 02, 2013

Homeowners that can refinance, should do so, says Rate State. They cite a recent article published June the 27th in the Washington Post to back up their assertion. This article shows the recent spike in mortgage rates indicates that they are not likely climb as quickly as they have been. This means the mortgage rates are leaving just enough time for homeowners to refinance.

Giving details, the article elaborates on just how fast these rates have been climbing, “Mortgage rates rose at the highest rate in three decades this week as senior Federal Reserve officials attempted Thursday to calm investors nerves about when the central bank will begin to taper its bond-buying program this year. Rates have been climbing steadily since May but leapt to 4.46 percent this week, up half a percentage point and crossing the 4 percent mark for the first time since March 2012, according to data released Thursday by Freddie Mac.”

According to Rate State, this means that while rates have been moving quite quickly lately, rates will likely slow their ascent. This will allow homeowners who act quickly enough to get their home loan refinanced in time.

Rate State provides many resources to homeowners looking for help and advice when dealing with their mortgage refinances. They provide complimentary articles on many topics related to home mortgages. They also provide a no-obligation tool that helps homeowners shop more effectively.


Rate State helps consumers compare todays mortgage rates through their online comparison tool to ensure they are getting the best rate for their home mortgage or refinance before making their next purchase. They provide consumers with access to the information they need in order to make a decision potentially saving thousands of dollars over the term of their next home loan.

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