http://www.adjustableraterefinance.com/mortgage/lowest-mortgage-rates.html The lowest mortgage rates available today might not be in your refinancing interests. Rates aren't everything, and occasionally the lowest mortgage rates will send you straight into the worst situation imaginable. en-us Mon, 17 Apr 2006 16:32:00 EDT Mon, 17 Apr 2006 16:32:00 EDT Weblog Editor 2.0 To understand why you cannot base your mortgage refinancing off mortgage rates alone, all you have to do is take a quick look at where the lowest mortgage rates are: ARMs. Interest Only. Flexible payment, negative amortization, and a whole stable of variable techniques that will help you save money during the initial years of your mortgage. But if you're refinancing you've already had your loans for a couple years,and now is not the time to sacrifice security and growth for the lowest mortgage rates possible. Where the lowest mortgage rates can get you in trouble Interest rates across the country are on the rise- everyone knows it, and everyone is planning for that sure fire increase. Well, almost everyone. There are still lenders offering incredible deals, the lowest mortgage rates money can buy. Why avoid them? Why turn the pother way when a lender is willing to offer you significant savings over all others? Well, you don't want to look away - you want to stare right at your loan and determine why those rates are oh so low. If these lowest mortgage rates are attached to loan opportunities and options you need and can afford., then go for it. But we're pretty sure that insanely low rates will just end up costing you more down the line. Instead of rates... There is nothing more important than securing an affordable rate for your mortgage - its the end-all factor determining costs, and the lower the better. But you also have to consider exactly what it is you need, exactly what kind of refinancing options will help you better manage your home financing. So instead of concentrating on financing the lowest rates in the universe, look for the best mortgage rates that will give you the perfect loan options. If you're refinancing that ARM into a fixed rate there's just no way you're going to secure the lowest mortgage rates available today - but the lowest rate for your specific demands is possible and thats where you need to go. Mon, 17 Apr 2006 16:32:00 EDT