Looking Back 2 Years Ago

Mortgage rates fall slightly, drifting closer to recent record-low levels. The Federal Reserve has helped to push rates lower by buying longer-dated Treasuries, such as 10-year Treasury notes.

30-year fixed	from 3.750% (4.258 APR)
5/1 ARM	from 2.625% (3.080 APR)
15-year fixed	from 3.125% (3.399 APR)

Home Refinancing Rates

Home refinance rates go low.  If you're looking for home interest rates that will help you save thousands in interest rate costs, a loan that will lower your mortgage payments and free up funds for other bills consider refinancing at today's lows.

Todays Home Mortgage Refinance Rates

Mortgage Rates  remain at modest levels. Experts advice homeowners and homebuyers to put their ducks in a row in anticipation of an improved economy within the next three years greatly impacting the housing market.

30-year fixed from 4.125% (4.777 APR)
5/1 ARM from 2.625% (2.926 APR)
15-year fixed from 3.250% (3.377 APR)

Housing Market Rebound Predictions

Mortgage Rates for Tuesday June 28, 2011 fluctuate slightly higher for 30 Year Mortgage Rate as points creep up to 4.42%.  Experts advise potential homebuyers concentrate on improving their financial status and and homeowners focus on raising the value of their properties with minor repairs at this time in anticipation of an improved market within the next three years or so. 

Renewable Energy Tax Breaks

Mr. Obama has long been an advocate of renewable-energy credits, including a $3,000 tax rebate to retrofit homes that was part of the 2009 stimulus. His latest proposal includes more generous tax breaks and easier access to loans to fund retrofits, both intended to boost energy efficiency in commercial buildings by 20 percent by 2020.

HOME ENERGY EFFICIENCY IMPROVEMENT TAX CREDITS
Consumers who purchase and install specific products, such as energy-efficient windows, insulation, doors, roofs, and heating and cooling equipment in existing homes can receive a tax credit for 30% of the cost, up to $1,500, for improvements "placed in service" starting January 1, 2009, through December 31, 2010. See EnergyStar.gov's Federal Tax Credits for Energy Efficiency for a complete summary of energy efficiency tax credits available to consumers.

RESIDENTIAL RENEWABLE ENERGY TAX CREDITS
Consumers who install solar energy systems (including solar water heating and solar electric systems), small wind systems, geothermal heat pumps, and residential fuel cell and microturbine systems can receive a 30% tax credit for systems placed in service before December 31, 2016; the previous tax credit cap no longer applies.

Mortgage Rates: Wider Best Ex Range Seen. High Risk/High Reward Event Ahead

Lenders are actively quoting 4.75% to very well-qualified 30yr fixed borrowers, but 4.875% still looks more prominently offered.

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