Compare Mortgage Interest Rates Today – March 16 Loan Rates Mixed
Posted on | March 16, 2010 | No Comments
If you are looking to compare mortgage interest rates today then you are going to find that March 16th loan rates are mixed. At the present time the 30 year fixed mortgage rate is down slightly to 4.77% while the 15 year fixed mortgage rate is up to 4.23%. For much of 2010 we have been very close to these levels.
Before making the assumption that you will qualify for a mortgage rate in this area please understand that your credit score will go a long way in determining your mortgage interest rate. If you have a credit score that is well below 740 then you are going to find it very difficult to get a rate in this range.
The best thing you can do to lower your overall mortgage interest rate is to improve your credit score to the best of your ability. To do this you will need to make sure all your bills are paid on time and in full. If you miss a bill payment you are greatly hurting your credit score and your chances of getting a low mortgage rate in the future.
By being diligent and paying your bills on time you are going to notice that your credit score starts to move higher. Unfortunately it can take several months and possibly even several years to increase your credit score but it is well worth it in the long run.
Author: Alan Lake
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