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What is the Average Bad Credit Mortgage Loan Interest Rate?

According to recently collected financial data, the current average bad credit mortgage loan interest rate is 4.7%. It is worth noting that due to favorable market conditions and certain government relief programs, current interest rates are at a record low for bad credit mortgage loans. What is more, market trends suggest that interest rates on these loans will only increase with time. Subsequently, now is the best time to take out bad credit mortgage loans.

by Margaret Walker on Thu, 08/26/2010 - 23:15
Are you looking at getting a home? If so, you need to look now. Foreclosed properties are all over right now. They are pretty cheap too. You will find a lot of homes individuals just want to get rid of. There is a lot of inventory. Much of it needs to be moved. This is a good time for a 30 year fixed mortgages. They have all time low rates. Now is the time to get low interest mortgage loans. Mortgage modification is another option to consider. With rates this low, it’s a good idea.

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