20 year fixed mortgage rates:

20 year fixed mortgage rates provide a lower mortgage rate with lower closing costs than 30 year fixed mortgage loans. With all time low mortgage rates on the 20 year fixed mortgage this is something that every mortgage holder thinking of refinancing, or purchasing a home, should be examining.

The amortization on a 20 year fixed mortgage rate will allow for much more prinicpal reduction with every mortgage payment, on top of shortening your term when refinancing from a 30 year fixed rate.

20 year fixed rates at Emery Federal Credit Union are currently at 3.75% with 0 closing costs. That's a phenomial rate and an excellent median between going back to 30 years, or increasing your payment on a 15 year loan.

I have been a mortgage loan officer for over 15 years and have never seen 20 year fixed mortgage rates this low, let alone with NO closing costs. Get a FREE 20 year fixed rate quote from Banks, Lenders, and credit unions today at http://current-mortgage-rates.net