http://www.california-home-mortgage-rates.com/n33.html Mortgage rates have hit a 40-year low. Act now while mortgage rates are so low. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Now is the time to stop renting. You need to purchase a home now while the mortgage rates are so low. With mortgage rates at a 40-year low, buying a home has never been so easy. Getting a mortgage is very empowering. But you also do not want to get screwed on a mortgage loan. With mortgage rates so low, you can educate yourself about the best rates and make sure you get what you deserve. What you need from a mortgage company Look into a mortgage company that offers the best mortgage rates. You want to make sure that you are aligning yourself with a great company that offers what you need. If you live in California, you want a great California mortgage with low California mortgage rates. Seriously, why would you not want the best rates out there? Do you like the idea of throwing money away? If so, just hit "Contact Us" on the bottom of this page and tell us "YES I NEED TO THROW MY MONEY AWAY" and we'll send you our address and even pay for the postage. We're giving like that. Getting your best mortgage rates All you have to do is know your mortgage rates. You can find fixed mortgage rates offered by lending companies. A fixed rate is an interest rate that will remain the same for the life of the loan. This means you will pay the same amount of money each month and your interest rate will never change. Interest rates and an Adjustable Rate Mortgage will change annually or even quarterly and they fluctuate based on the prime rate or U.S. Treasury Bill rate, or any one of the financial indexes your specific rate is based upon. But with a fixed rate, you can lock in now with a very low rate and never have to worry when the rates begin to go back up. With variable mortgage rates your payments will change. This is a good thing if the rates drop since you will be paying less, and is an even better thing if you need a bad credit mortgage and aren't quite sure about your options. Mortgage loans with adjustable rates have initial periods of low interest followed by an increase in your rate over time to national levels. They ease you into the rigors and financial stress of higher months payments, rather than throw you straight to the wolves as with a fixed rate home loan. It is safe to assume right now that rates can only go up since they have hit a 40-year low, and you must take this into account if you are looking at an ARM. You would want to lock in now, any mortgage broker will tell you this. Sat, 26 Jul 2008 15:00:00 EDT