As you may have been reading in the papers due to the European debt crisis mortgage rates in the United States are at 50-year lows.  If you currently have a variable-rate mortgage or a fixed-rate mortgage above 5% interest, I would encourage you to consider replacing the mortgage with a new fixed-rate loan.  Confirming loans, which are loans below $417,000, have rates for 15-year loans in the low 4% range; and for larger loans, the rates are in the mid to high 4% range.

If you need a referral for a mortgage lender, we would be happy to make an introduction.  Or if you have any questions about whether this makes sense for you to consider, please contact us.  You may also want to consider paying down or retiring your mortgage if the rate you are earning on your investments and liquid cash is below the rate you are paying on your mortgage.

If you have any questions regarding the above mortgage rates information, please do not hesitate to contact us.