Please note: (1) this is general information only, not legal advice; and (2) I will provide you with honest information and not necessarily to tell you might be hoping to hear.
Interest rates for a 30 yr mortgage are around 3.5%; 15 yr at 2.5-2.75 and ARMs are as low as 2.3.
The rates are legitimate but can be teaser rates, meaning rates advertised as low as 2.3 but that is not for a fixed and then the lender has escape language such as your income has to be at a certain level etc....also be careful if you entertain a low mortgage rate such as 2.3 and 2.7 that the closing costs that are rolled into the refinance are not extremely high. That is another teaser advertising no up front costs but the cost/fee to refinance is large and rolled into the loan.
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