The Weekly Poll: What’s the interest rate on your mortgage?

The weekly poll is thinking about refinancing. Go help it make its mind up.

This week’s topic is one I asked about around this time last year and which has been making a lot of headlines the last few weeks: mortgage rates. More specifically, I’m curious about your own home mortgage and what kind of interest rate you have on it. Rates have hit all time historic lows the last few weeks, dipping well below 5% (compared to hovering right at 5% this time last year) and I’ve talked to many people who have secured a sub-5% rate in the last month or so. Sure, people were getting those kinds of rates on adjustable rate mortgages back in the boom days, but these are 30 year fixed conventional rates. Yeah, that’s pretty awesome.

So what about you? What’s the current interest rate on your home mortgage? Are you one of the lucky few who got in super low or are you shouldering the burden of a much higher rate you can’t get out of? Cast your vote and let me know.

No matter what your interest rate, you can always get the latest info on the Knoxville real estate market – just sign up to receive regular updates from All Around KTown in a feed reader or by email today!

photo credit: ralphunden