Low Mortgage Rates Advertised On ForTheBestRate.com

Oct. 25, 2010 - PRLog -- Mortgage companies advertising on ForTheBestRate.com, a popular website offering information on mortgage lending, insurance, and personal finance, continue to offer low mortgage rates for products such as a 30 year fixed rate mortgage, 15 year fixed rate mortgage, and 5/1 adjustable rate mortgage.

As of 9:00 am on Monday, October 25th the lowest APR advertised for a 30 year fixed rate mortgage in North Carolina was 4.046%, and for a 5/1 ARM in North Carolina was 3.269%. These exceptionally low interest rates create a great opportunity for potential home buyers and home owners considering refinancing to save on their monthly home loan payments.

"We are pleased to see such great rate offerings from our lender and broker advertisers continue week after week," said Nat Criss, Managing Member of CMG Equities, which owns ForTheBestRate.com. "Such low interest rates are helping people refinance out of higher rate debt and getting people to think about buying houses again."

Consumers can access the low mortgage rates by visiting http://www.ForTheBestRate.com and viewing the advertised offers for their state in the rate tables (powered by MoneyRates.) Potential borrowers can also research popular mortgage products and find the answers to home financing related questions.

Current home owners considering refinancing to take advantage of the low rates currently available might be wondering how long it will take to see the financial benefit after the up front costs are factored in. The Refinance Breakeven Calculator at http://www.forthebestrate.com/java/MortgageRefinance.html can be used to run the numbers.

Rates advertised on ForTheBestRate.com are submitted by individual mortgage companies and are available to those borrowers who qualify based on unique loan criteria of each company. The posted rates are generally for financing owner occupied properties, with a 80% loan to value ratio and good credit, but many of the lenders and brokers also offer programs such as FHA, VA, and USDA government loan programs, investment property loans, jumbo mortgages, and condo financing. Potential borrowers can contact the individual mortgage companies (contact information is posted on ForTheBestRate.com) for more details.

Contact:
Anna Platz
wilmingtonseo@gmail.com
201 N Front St, Suite 902
Wilmington, NC 28401
910-547-6910

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ForTheBestRate.com is a website that offers information regarding mortgages, insurance, and personal finance. ForTheBestRate.com is owned by CMG Equities, LLC based in Wilmington, North Carolina.