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Purpose: State: Loan Amount: Loan Type: Points:
$ GO
Institution Payments Rates Apr Points Fees Last Update   Phone
Third Federal Savings & Loan $1215.26 4.150% 4.209% 0.000% $1753.00 10/07/2011
Third Federal Savings & Loan $1215.26 4.150% 4.209% 0.000% $1753.00 10/07/2011
Third Federal Savings & Loan $1179.17 3.900% 4.042% 1.000% $1753.00 10/07/2011
Third Federal Savings & Loan $1179.17 3.900% 4.042% 1.000% $1753.00 10/07/2011 – A Direct Lender $1140.13 3.625% 3.754% 0.789% $1950.00 10/07/2011 – A Direct Lender $1122.61 3.500% 3.703% 1.697% $1950.00 10/07/2011 – A Direct Lender $1157.79 3.750% 3.814% 0.000% $1950.00 10/07/2011
Data provided by Informa Research Services click here for details

Current Mortgage Rates

Even though credit markets seem tight and the Great Recession seems to be lingering on, there is no better time to buy a home in Ohio than now. Mortgage rates are extremely low, and there are lenders willing to loan to those who can qualify. Therefore, home ownership is a great option for people currently employed in steady jobs.

Currently Ohio mortgage rates are ranging between 2.3% and 4.25%. With the mortgage rates forecast predicting that rates are expected to fall even further, the market is ripe for buyers. Also because programs from the federal government are being put into place to help borrowers finance their homes, lenders in Ohio are beginning to open their pockets to make mortgages to those buyers looking to purchase new homes. In addition to this, mortgage lenders are actively seeking customers looking to refinance their existing homes.

With Ohio mortgage rates at lows that have not been seen since the 1960s, this is a perfect time to refinance. Home owners, who refinance their homes, will not only enjoy lower rates on their mortgages, but will also be able to obtain money from their home’s equity for projects like bathroom renovations, additions, and kitchen remodeling projects. This means that the overall value of older homes can be improved in ways that were unthinkable just five or six years ago when mortgage rates were at a higher than today’s affordable rates.

While many say that the housing market is down and has no signs of recovering nationally, the mortgage rates forecast for Ohio indicates that the conditions are prime for a rebound. This means that the conditions are right for anyone looking to gain rental investment property, commercial property, or a new home. Unlike any other time in the past, those seeking to make a move into real estate have a market that presents awesome opportunities that may not be available again for another forty years or more. The only areas where one may want to hesitate purchasing real estate would be in areas that have high foreclosures. Otherwise, there is nothing to drag down the overall value of the current market in Ohio.

When one looks at the overall market with Ohio mortgage rates being at an all time low, it seems that now might be the perfect time to consider investing in real estate. As with any investment, it is highly recommended that anyone who is looking to purchase real estate should consult with a financial adviser to see if now is the right time for them to invest. Overall though, real estate in Ohio offers a great investment opportunity that is sure to be profitable for anyone who invests in the market in the near future.

4.25% 30 Year Fixed Rate
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