Interest Rates - Where Were They? Interest rates go in cycles as the U.S. economy goes through cycles. Educating yourself on the current rates and where they are in relation to the cycle can help you to decide if you should pay closing costs to 'Buy' an interest rate. As interest rates approach their historical lows buying an interest rate makes more sense depending on how long you expect to be in the property.

Our frogLOAN educators can help you determine the actual break-even point for paying closing costs. Simply Contact Us at 1 (800) 999-3764 to get your free analysis.

The above chart shows the history of 30 yr. fixed mortgages over the last 10 years. The rates shown are with an average of 1 point plus closing costs. Interest rates with No Closing Costs would be higher.

In 2003 the Fed Funds Rate hit 1% and stayed there for a full year.  We believe the Fed will continue to lower rates as the US economy slows through out 2008 and 2009.  The Fed controls the US economy by raising the Fed Funds Rate when the economy heats up and lowering the Fed Funds Rate when economy slow down.  It' that simple.

Interest Rates - Where Are They Now? 

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You may Contact Us to receive a specific quote for your situation. 1-800-999-3764.

Interest Rates - Where Are They Going?  frogLOAN Analysis - Mortgage rates appear to be remaining on a downward trend. While we believe that this will remain the overall trend securing savings as the interest rates fall is very prudent. Our current advice:

Purchasing - If you are purchasing in a state that has significantly higher closing costs on a purchase versus a refinance you should use the frogLOAN strategies to allow the lender to pay any closing costs on your purchase. You then will have the opportunity to generally lower your rate, for no cost after your 3rd mortgage payment if interest have fallen.

Refinancing - Depending on your specific situation you should consider either a No Closing Cost option that protects your choices should rates stay the same, or fall further. It may also be time to consider paying closing costs and 'buying' a lower rate if you believe that rates have hit the bottom for this cycle. Our Loan educators can help you decide by providing a free analysis and comparison of your options.

Consolidating Debt - If you have the ability to pay off credit cards, car loans, home equity loans, remove PMI, or reduce your overall cash flow for NO Cost you should take action right away! The frogLOAN Mortgage Management Program will allow you to increase your savings, and reduce your debt now - without going further into debt to do so. It is our belief that you should not pay closing costs (thus using equity from your home) to consolidate your debt. When you do so you are borrowing from yourself, to get out of debt. To us increasing your debt to get out of it does not make sense!

We can help you with these choices. Contact us and you will be connected to an experienced Loan Educator who can help you evaluate in detail the many benefits of the frogLOAN.

Disclosure: All loans subject to credit approval and property appraisal.  Programs subject to change without notice.  Adjustable Rate mortgage rates may increase after settlement.