Compare Mortgage Interest Rates Today – Conventional, VA and FHA Home Loan Rates Near All Time Lows
Posted on | May 25, 2010 | Comments Off
With many major media news outlets reporting that mortgage interest rates are very close to all-time lows it should come as no surprise to see many Americans searching to compare mortgage interest rates today. With conventional, VA and FHA home loan rates very low many Americans can save a significant amount of money.
It is very important to note that not all Americans will qualify for the low mortgage interest rates being advertised. Many people have seen advertisements for mortgage rates as low as 30% for a 30 year fixed rate but you need good credit score and neck would be in your home to get a rate around this level.
If you are a first-time buyer you will need a very good credit score and a debt to income ratio that is well below 40%. If you have a credit score that is below 740 you are going to find it very difficult to lock in to rates that are near the historical low levels we see advertised on television and the Internet.
President Obama and his staff have worked very hard to help keep interest rates low for an extended period of time and there is no reason to not take advantage of this opportunity. When looking to compare mortgage interest rates today please note that you will need an impressive credit score and a strong financial position.
Author: Jeremy North
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