Mortgage interest rates have officially hit the lowest levels on record ever! 30 year fixed mortgage rates have been tracked by Freddie Mac dating back to 1971, and this week sees the lowest numbers ever seen. This means that this is the ideal time to refinance your home loan and an opportunity you may never witness again in your lifetime.

Even if you believe that you already have a low interest rate on your mortgage or think that it may be difficult to refinance for other reasons, keep reading and see just how big you can win from small changes on your mortgage loan and how it may be easier to refinance than you think.

There are many misconceptions about what determines mortgage rates and what makes them fluctuate. 30 year fixed conforming mortgage rates are actually determined by the bond market. This trades just like stocks. No bank or mortgage company has just one rate. For the most part every mortgage banker has access to every rate out there and mortgage rates actually change multiple times throughout the day, at least until you lock in your loan. This means that it is essential to work with a mortgage banker that really understands the system, knows what drives changes and constantly monitors the bond market to help you determine the optimal time to lock in your interest rate.

Truly experienced mortgage professionals know how to track patterns in the bond market as well as how other factors can affect changes such as the release of financial data and different times of the year. If you understand the patterns you can accurately predict when rates will hit highs and lows. These are also known as the ceiling of resistance and a floor of support. The good news is that if you choose an educated mortgage professional to work with you do not have to know all the technical ins and outs to get the best rates.

It can sometimes be confusing to judge who is and isn’t a qualified mortgage banker to work with. However, by choosing a Certified Mortgage Planner you can be sure that you are working with a professional that has achieved the highest designation in the mortgage sector, someone who is not only experienced, but an expert who is both educated and certified at an elite level to truly assist you in achieving your own personal short and long-term financial goals.

A Certified Mortgage Planner can help you make the most of mortgage financing and use it as a tool, not only for realizing the American Dream of home ownership, but for funding college education and even retirement.  In fact a Certified Mortgage Planner can show you how you can utilize even small changes in your home loan to build up an additional $100,000 plus for your nest egg or even save hundreds of thousands of dollars in interest while paying your loan off early. By utilizing a No Cost Refinance you could even achieve all this without a penny out of pocket!

Refinancing is even easier to do today than most homeowners think. No Cost Refinances mean that you can take advantage of all of the benefits that today’s low interest rates offer without paying closing costs. Current record low interest rates mean that qualifying for a refinance is even easier than ever before for most Americans. Even being underwater with your mortgage is not necessarily a barrier to refinancing either. Streamline refinance programs and government backed short refinances are allowing homeowners who refinance now to even be forgiven large chunks of their mortgage balances.

The bottom line is that if you don’t call to find out you will never know. Contact a Certified Mortgage Planner and find out if refinancing now is right for you and how you can make the most of it to enjoy a richer financial future.