TrustMor Mortgage Blog

Fixed 30-year mortgage rates average fell to a record low of 4.58% for the week ending July 1, Freddie Mac reported Thursday.  This is down from the previous week's average rates of 4.69%. 

Although mortgage lenders are busy due to these low mortgage rates, many homeowners are not taking advantage, due to concerns of lost home values.  In many cases people with lost equity due to dropping home prices can still take advantage of these historically low rates.  Call your TrustMor loan officer to see if it makes sense to refinance.