Responsible Homeowers: Your Bailout Has Arrived

Mortgage rates have never been so low (5% 30 Yr. Fixed or Better). If you are one of the millions of responsible Americans with good credit scores who are able to pay their mortgages and still have jobs, your bailout has finally arrived in the form of record low mortgage rates. If you are paying anything over 5.75% and plan to stay in your house for several years it is definitely time to refinance with a fixed rate mortgage to lock in these cheap rates. Check out Bankrate.com to find someone offering a low rate in your state. You can also use their refinance calculator to determine if refinancing is a good deal for you.