Compare Mortgage Interest Rates – VA and FHA Mortgages Could Save Money for First Time Home Buyers
Posted on | April 27, 2010 | Comments Off
With the first time home buyer tax credit expiring at the end of this week it comes as no surprise that many people are looking to compare mortgage interest rates today. There is a strong possibility that VA or FHA mortgages could save money for first time home buyers.
At the present time 30 year fixed mortgage rates are around 4.95% and 15 year fixed mortgage rates are around 4.3%. When looking at a historical chart of mortgage rates you can clearly see that these are some of the lowest levels we have seen in quite some time.
With a first time home buyer tax credit of $8000 and low mortgage rates available now is a great time to consider buying a home. Before making a final decision it is extremely important to understand that you must make sure that your financial situation is conducive to buying a home in April of 2010.
Author: Heather Best