Learn about home loan rates
Home mortgage interest rates the third week of March were still hovering around 5 percent. The Federal Reserve made a decision to keep rates low and many analysts expect them to stay fairly low for the remainder of 2009. In the current economic downturn, it is welcome news for potential buyers and current homeowners interested in refinancing a home mortgage. Lenders, however, have adopted much more stringent lending requirements since the credit crisis and decline of the real estate market. A better credit score, cleaner credit history and more money down are now required for most loans.