December 14, 2009 09:00 ET

Will Record Low Mortgage Rates Last? Mortgage Rates Rise After Five Weeks of Drops Continues to See Applications for Home Refinance Jump

IRVINE, CA--(Marketwire - December 14, 2009) - Average 30-year mortgage rates rose this week after five straight weeks of drops to record lows, prompting many economists to question if the honeymoon is over. Mortgage rates could continue to rise, leaving potential homebuyers wondering if they've missed their window of opportunity.

In the mean time, homeowners struggling to make their mortgage payments are flocking in record numbers to refinance their homes. Currently, 71.5 percent of loan requests now submitted are for home refinance rather than a purchase., a leading home mortgage refinance consumer advocate, is no exception, experiencing well near the 11.3 percent jump in applications for home refinancing reported by the Mortgage Bankers Association last month.

"Far too many homeowners are discovering they owe more on their mortgage than their house is worth, but with mortgage rates as low as they are, these people could possibly find solutions to their upside-down mortgages," said CEO Jeremi McMaster. "We have seen an amazing number of customers putting in their paperwork for home refinance so they can lock in these incredible interest rates ASAP."

"As we have seen just this week, home refinance rates are time sensitive and do change every day, so we urge consumers interested in home refinance to act fast," said Vice President Preston Kenney. "Although current mortgage rates are still very low, no one is certain how long they will last."

A home refinance quote from lenders will always be accurate and competitive. Once a final quote is received from one of their lenders and the consumer locks that rate in, they can have peace of mind knowing the rate to refinance their home will not change. is committed to providing consumers with a home mortgage refinance with no closing costs, and has worked with top lenders across the country to waive all lenders fees. Customers who complete a home refinance through a lender pay no lenders fees, no underwriting fees, no processing fees, no points, no origination fees and no closing costs, so they receive the most out of their home refinancing.

For more information on current home refinance rates and programs, call 866-535-0899 or visit

About has revolutionized the process of financing a home with lender matching and a no fees guarantee. The services of are available to all consumers that wish to obtain the best possible home mortgage refinance experience possible.

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