Mortgage Madness with Dorothy: Rates, Rates, Rates!!

Are you tired of hearing mortgage rates are "at an all time low"... all the time??? Well guess what... THEY ARE AT AN ALL TIME LOW!!! I don't want to date myself, but when I began in the mortgage industry, rates were at 16%...REALLY!!!

According to the Bureau of Economic Allowances, the average mortgage rate on outstanding mortgages in 2010 was 5.979%. Today, lenders are offering rate programs much lower than that national average.

Even if refinancing will only save you $125/month...that adds up to $45,000 over the term of a 30 year fixed rate loan. Why should you let the big banks have all your money?? If you're mind full of your pennies, you will never have to worry about your dollars.

 I can't stress enough to my clients the importance of being saavy consumers. In the current economic climate, who doesn't need a little extra cash in their pockets?? Not only should you be thinking about your BIG monthly bills, but you should be re-evaluating you smaller monthly bills that quickly add up, like your homeowners insurance,car insurance, life insurance, and even cable bills... just to name a few. 

Just plain and simple... now is the time to make sure that you've secured the best product and rate for your biggest investment... your mortgage.