I’ve been keeping an eye on mortgage rates to see if I should refinance.  Despite the higher conforming loan limits for Fannie Mae and Freddie Mac, the rates don’t seem to have come down. 

My understanding is that it will take some time before Fannie Mae and Freddie Mac begin to buy mortgage loans with the higher amounts.  If you are planning to refinance a home that falls under the higher threshold, you may wish to wait a few more weeks or months. 

In the meantime keep watching rates.  It makes it easier if you can find a good, easy way to check rates every few weeks. 

A Good Way to Check Rates Without Bothering a Live Person

If you’re like me, you don’t like the idea of constantly bothering a mortgage broker to ask about rates.  So I found another way that doesn’t involve a live person.  I regularly check rates at amerisave.com.  Amerisave is an online mortgage broker.  I used Amerisave when I bought my current home.  For reasons I won’t go into here, Amerisave is different than other mortgage brokers.  Sometime soon I’ll put up a post about the advantages of using Amerisave to obtain a mortgage when buying a home.

I haven’t used Amerisave for a refinance.  I find some parts of the site confusing when looking for refinances, but it’s still a great place to check rates and prices.