Many analysts continue to make mortgage rate predictions that state that 30 year fixed home loans will stay very low as long as Ben Bernanke and the Federal Reserve Bank feel that the economy is still struggling. Just last week Bernanke came out and stated that interest rates were going to be held quite low for an extended period of time. This is very good news to those who have made very good financial decisions in the past.
For those who did not make good financial decisions there are many options when it comes to lower a home loan monthly payment. The Making Home Affordable government program has helped many to reduce payments as millions of Americans continue to search for Wells Fargo home loan modification. With Wells Fargo gobbling up Wachovia during the credit crisis it is the case that this major financial institution has many loans that mean the modification requirements.
In a time when mortgage interest rates are very close to all time lows it might be smart to consider refinancing. Residents of Raleigh, NC can be rest assured that jobs will remain in this area as the capital will not move and the major universities of NC State, UNC and Duke will always be within 25 miles of the state capital.