Fed Lowers Rates Again and Refinance.com Hotline Helps Homeowners Understand Options

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Refinance.com, the nation's premier source for home mortgage refinancing, announces its national FHA Mortgage Hotline to help consumers understand the impact of today's Federal Reserve action on interest rates and other recent government actions related to mortgages and interest rates. Homeowners nationwide can call 1-888-FHA-1776 to get answers to their mortgage questions.

Homeowners are increasingly confused by recent economic news about mortgage interest rates, loan limits, and availability of credit. While 30 year fixed mortgage rates are in the 5.875% range, many homeowners are finding it hard to get a mortgage

Refinance.com, the nation's premier source for home mortgage refinancing, announces its national FHA Mortgage Hotline to help consumers understand the impact of today's Federal Reserve action on interest rates and other recent government actions related to mortgages and interest rates. Homeowners nationwide can call 1-888-FHA-1776 to get answers to their mortgage questions.

"Homeowners are increasingly confused by recent economic news about mortgage interest rates, loan limits, and availability of credit. While 30 year fixed mortgage rates are in the 5.875% range, many homeowners are finding it hard to get a mortgage," said Nicholas Bratsafolis, Chairman and CEO of Refinance.com.    

"Homeowners who need to refinance from adjustable to fixed rate mortgages need straight answers to their questions, and our national FHA Mortgage Hotline can help. Many homeowners now have options available to them that were not available just a few months ago, while others will see a tightening of guidelines. We encourage homeowners to get the facts, and immediately contact lenders who specialize in mortgage refinancing to explore their refinancing alternatives," he added.

Refinance.com is immediately accepting mortgage refinance applications up to the new conforming and FHA mortgage loan limits of up to $729,750. To help homeowners understand their options, Refinance.com has established a national FHA Hotline at 1-888-FHA-1776. Homeowners can also explore their options by logging onto http://www.refinance.com, where they can read about mortgage options, use mortgage calculators, and check current mortgage rates.

With the latest government initiatives and mortgage banking company programs, such as those offered by Refinance.com, homeowners can take immediate advantage of the lower rates and new higher loan limits up to $729,750 for a single family home. Refinance.com offers dozens of programs tailored to each borrower's unique situation with its broad expertise and nearly twenty years in home mortgage refinancing. Homeowners should view this time as an ideal opportunity to refinance their home mortgage at a historically low fixed rate.

Only FHA-approved lenders such as Refinance.com can offer FHA backed loans which provides mortgage insurance on those loans.

About Refinance.com: Refinance.com is one of the nations leading mortgage companies with nearly twenty years of mortgage refinancing expertise. The company has assisted thousands of clients reach their home refinancing goals through its diverse range of mortgage and refinancing options, and specializes in FHA mortgage lending. Founded in 1989, Refinance.com is based in New York City with offices in Syosset, NY and Boca Raton, FL. More information including mortgage rates and mortgage calculators is available at http://www.refinance.com.

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Alan J. Segan on behalf of Refinance.com
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