| North Palm Beach, Fla. -- Nov. 27, 2009 (Bankrate.com) -- Mortgage rates on 10-year fixed-rate refinance mortgages in the United States fell 4 basis points to 4.45 percent on Friday, according to Bankrate.com's daily Your Best Interest report. A basis point is one-hundredth of a percent. The mortgages in the survey had an average of 0.46 discount and origination points.
Someone taking out a $165,000.00 10-year fixed mortgage refinance at the current average would pay $1,706.06 a month for the life of the loan. Nationally, the highest rate on a 10-year fixed mortgage refinance was 9.75 percent. The lowest rate was 3.75 percent. Six months ago, the average rate was 4.69 percent. To see all of the results of Bankrate.com's surveys, go to www.bankrate.com. The Your Best Interest report is a daily service of Bankrate.com, a financial news and information service based in North Palm Beach, Fla. Bankrate surveys more than 300 financial products from more than 4,800 institutions in all 50 states. |