How low can a 30 year fixed mortgage rate go theoretically?

it's all about the cost of money and how much the market will bare... because mortgages are blocked and securitized, they are sold on the open market just like any stock is... how low will Wal-Mart stock go.. or how low will Home Depot stock go... if the stock doesn't perform, then it won't sell.. And the same goes for MBS.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

There is no floor. However, at some point in time, the investment world will stop buying the underlying bonds that the mortgages secure and that will cause mortgage rates to rise to stir up investor demand. If your intent is to sit on the sidelines until they hit bottom, don't. We won't know we hit bottom until several weeks (or months) after the fact, and by then you will have missed it. If you are interested in bettering you situation, act now and count your blessings. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950

Well you are able to buy down your interest rate by paying point. It will depend on the market for that day of the percent of the buy down.

Only as low as different lenders are willing to allow it. I work with 42 of them and just checked about half of their rate sheets. The lowest interest rate available from all but 2 was 3.25. The other 2 went down to 2.75 but at quite a cost. Their are no hard limits. Interest rates are market driven. If you are interested in refinancing or purchasing a home, give me a call 16/7, or email me your phone number so I can call you, and I'll be happy to walk you through the process. To learn more about me and our mortgage brokerage, click on my picture. When the next page pops up, click on "Website" and you will be redirected to ours. We work exclusively in CA and get loans done fast, typically in less than 30 days, at low interest rates and costs. Representing 39 quality lenders that offer more than 1,000 loan programs, we definitely have something for everybody.

it can never be 0 since the banks who lend the money need to pay the workers, papers, office space, power, water, etc....