If you have an adjustable-rate mortgage (ARM), or a fixed-rate mortgage loan with a high-interest rate, now is the right time for you to start thinking about refinancing.

Mortgage interest rates are predicted to remain historically low all year long thanks to the fact that we are currently in an election year and both political parties in the United States are eager to not rock the boat economically, or make any major changes until after the November elections are over.

What Are The Current Interest Rates?

As of January 2020, the current interest rates in the United States are as follows:

30-Year Fixed-Rate Jumbo	3.375%	3.439%
15-Year Fixed-Rate Jumbo	3.0%	3.115%
7/1 ARM Jumbo	2.625%	3.482%

Source – Wells Fargo

Search For A Home In Austin Texas

Learn more about the current mortgage interest rate, or to view homes for sale in the Austin area, contact me today by calling (512) 944-7378 or click here to connect me online.