30 Year Fixed Mortgage Rates – Wachovia and GMAC Mortgage Interest Rate Offers
Posted on | March 5, 2010 | No Comments
The average for 30 year fixed mortgage rates has been around 4.75% over the last week. Both Wachovia and GMAC mortgage continue to offer low interest rates to borrowers who qualify. To qualify you will need to make sure that you have a credit score above 740 and a debt to income ratio of less than 45%.
Wachovia and GMAC Mortgage are two of the many mortgage lenders that have continued to work very hard to promote their home loans division. It would be very wise to expand your search to as many mortgage lenders as possible. You will want to find the best customer service but also get low interest rates.
By narrowing your search to just one or two major companies you may be missing out on the opportunity of a lifetime. Their are many local lenders that will be more than happy to go above and beyond to help you get a low mortgage interest rate. Please do not feel that there are only a few choices when it comes to getting a home mortgage.
With 30 year fixed mortgage rates being below 5% now is one of the best times in the history of the housing market to lock in to a low rate. Before you decide to lock into a low rate you must make sure that your financial situation is geared towards making a monthly mortgage payment.
Author: Alan Lake
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