2nd Mortgage Rates
Interest rates are still so low that when you look at a thirty year graph they are still at nearly the lowest point. Your neighbor was correct when he said that mortgage rates have climbed. However they have only increased slightly, and if the rates are lower than what you currently have, then why not consider refinancing now so you can save money?
Financing the equity in your home is a great way to get money with out needing to refinance your first mortgage. Second Mortgages Direct can help you get the lowest interest rates across the industry for home equity lines and 2nd mortgage loans. Let our trained staff, help you shop home rates online. We offer both fixed interest rate second mortgages as well as variable interest rates for the revolving credit lines. Second Mortgages Direct can you help you find the ideal loan package for your individual needs. We offer simple loan solutions with competitive interest rates for refinancing or second home purchases. Our friendly staff will help you get free loan quotes from the top second mortgage lenders who specialize in bill consolidation loans and home improvement financing.
- Remodel Your Home
- Home Construction Lending
- Replace the Roof
- Landscape Your Property
- Pool Construction Loans
- Build a Wood Deck
- Add a Beautiful Gazebo
- Enhance Your Curb Appeal
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Second Mortgage Interest Rates - Tap Into Your Home Equity for Fast Cash |
If you need more cash or have high interest and revolving credit, then Second Mortgages Direct is the perfect financing partner to find you the best lender.
2nd Loan Purpose: Home Construction, Home Remodeling, Home Repair, Home Improvements
Documentation Type: No Income Verification or Full Documentation
- Home Equity Loan Rates
- Fixed Second Mortgage Rates
- Adjustable Rate Credit Lines
- Interest Only Rates
- Stated Income Rates for Self-Employed
- 125% Interest Rates
- Home Construction Rates
- VA Streamline Rates
- Investment Home Rates
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Frequently Viewed Loans from SecondMortgagesDirect.com
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Mortgage Rate News |
Fixed Interest Rates Rise
The average thirty year fixed mortgage rate inched up from 6.78% to 6.79% over the 7-day period ended July 6, according to Freddie Mac's Primary Mortgage Market Survey. The average 15-year fixed mortgage rate rose from 6.43% to 6.44%, the average rate for five-year Treasury-indexed hybrid adjustable-rate mortgages was unchanged, at 6.39%, and the average interest rate for one-year Treasury-indexed ARMs crept up from 5.82% to 5.83%, Freddie Mac reported. Fees and points averaged 0.5 of a point for fixed-rate second mortgages, 0.6 of a point for hybrid ARMs, and .8 of a point for one-year ARMs.
"Since last week's rate increase by the Federal Reserve came as no great surprise, mortgage rates remained nearly unchanged from the previous week," said Frank Nothaft, Freddie Mac's chief economist. "This is fairly consistent with our economic outlook, which continues to forecast that the interest rate for the 30-year fixed-rate mortgage will gradually drift upward, but should remain under 7% for the year." |
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