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The Time to Lock-In or Refinance is NOW!

This week, rates crept up six base points from a four-week downward trend of historic lows. Homeowners jumped at the opportunity to lock in unprecedented low interest rates last week, as refinance activity reached its highest level since May 2009! 81 percent of mortgage applications were for refinances, according to MBA, as quoted by Bankrate.com.

Before you get depressed about missing the opportunity, consider Bankrate's perspective:

Just two weeks ago, this week's rates would have beaten modern records!

In the 25 years Bankrate has been conducting weekly surveys, this week marks the second lowest rate the 30-year fixed rate has been.

This spells opportunity for homeowners and prospective buyers everywhere! It's not too late to take advantage of historically-low interest rates. But you should act quickly, because the rates will eventually go up, and you don't want to miss this chance to save thousands of dollars over the life of your Idaho home loan!

If you've been thinking about refinancing -- or even if you haven't been thinking about refinancing -- you should think about acting now. Contact an Idaho mortgage lender today to find out how locking in a low interest rate can save you money each month. Money you could use for:

If you're in the market for a new home, the time couldn't be better to take advantage of these low rates. They won't be around forever, so act quickly!