FHA Refinance Rate in Albuquerque, NM
If you currently have a Federal Housing Administration loan and your financial situation or credit score has improved, you can refinance your home for a lower interest rate to help you save money. The expert Albuquerque licensed loan officers at Infiniti Mortgage, LLC will help you secure the best possible FHA refinance rate possible.
When FHA Refinancing Makes Sense
Obtaining an FHA refinance makes sense for those who are interested in securing:
- Lower interest rates
- Lower mortgage payments
- Different terms for your loan
FHA loan refinancing also makes sense for people who do not want to go through a lengthy process to qualify.
FHA Refinancing Rates Change Daily
Since FHA rates are based on a number of variables, the rate changes daily. In order to obtain the best FHA refinancing rates, our experienced loan officers constantly monitor the rate fluctuations. Sometimes, based on the housing market, the loan officers atInfiniti Mortgage, LLC can see trends in the interest rates and use the numbers to your advantage to get you the lowest interest rate for your situation.
How FHA Refinance Rates are Calculated
FHA refinance rates are calculated by the United States Treasury using a number of considerations, including:
- The economy. When the economy is booming, rates tend to go up. When the economy slows down, rates go down.
- 10-year bond rates. When 10-year bonds are doing well, rates will increase. When they are not doing well, rates tend to be lower.
FHA refinance rates go up much more quickly than they go down. It takes an experienced mortgage loan officer to watch the market for trends to secure the lowest possible refinancing rate.
Pre-Qualify for FHA Refinancing at Infiniti Mortgage, LLC
Infiniti Mortgage, LLC takes the hassle out of finding the best rate possible for your loan–we do the work for you! We can determine if you pre-qualify for a loan then secure your rate through one of our trusted lending partners. Contact Infiniti Mortgage, LLC today to start your loan pre-qualification process.