Compare Mortgage Interest Rates Today – June 22 FHA, VA and Conventional Home Loan Rates Stable
Posted on | June 22, 2010 | Comments Off
Mortgage rates are very close to all-time lows so it should not be a surprise to see many Americans searching to compare mortgage interest rates today. On June 22 FHA, VA and conventional home loans are very stable around 4.75% for a 30 year fixed mortgage.
Please note that not all borrowers will be able to login to the lowest possible mortgage interest rate. You will need a significant amount of equity in your home and a credit score above 740 to get mortgage rates under 5%. If you are a first-time borrower you will need a debt to income ratio is below 40%.
There many resources available online to help you better understand your current financial situation. There’s a free annual credit report available at annualcreditreport.com but you will have to pay for numerical credit score. A credit score is usually between $15 and $30 based on the credit bureau.
By understanding your credit score and financial situation you will be able to better determine what mortgage interest rate you will qualify for. Unfortunately, you will not get a 100% accurate rate quote until you go through the mortgage application process.
Author: Alan Lake
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