Average 30 and 15 Year Fixed Mortgage Rates Drop to All Time Low Levels in Early July 2010
Posted on | June 30, 2010 | Comments Off
The average for 30 year and 15 year fixed mortgage rates has dropped to all time low levels at the end of June 2010 and the beginning of July 2010. At the present time we are seeing 30 year fixed mortgage rates around 4.48% and 15 year fixed mortgage rates are coming in around 3.98%.
With mortgage interest rates this low it comes as now surprise to see many current and future home owners scrambling to compare mortgage interest rates today. It is important to remember that the interest rate offer you receive will be greatly determined by your credit score and debt to income ratio.
With a credit score in excess of 740 and a debt to income ratio that is less than 40% you will likely find that you have little problems locking in to a low 30 or 15 year fixed mortgage rate. Remember it is also important to have equity in your home if you are looking to refinance.
Refinance and mortgage data should be very interesting over the next few months and many Americans are hoping to save as much money as possible by locking in to the lowest possible mortgage rate available.
Author: Heather Best
Tags: 15 year fixed mortgage rates > 30 Year Fixed Mortgage Rates > all time low mortgage rates > average 15 year rates > average 30 year rates > average mortgage rates > july 15 year rates > july 30 year rates > july mortgage rates