Today’s Lowest FHA Mortgage Rates – Refinance Interest Rate Quotes from Wachovia, Chase and Bank of America on August 18th, 2010

Posted on | August 18, 2010 | No Comments

Today’s lowest FHA mortgage rates are being quoted very close to all-time lows as many major mortgage lenders are reporting that FHA rates are coming in nearly identical to conventional mortgage rates. Many Americans are looking for refinance interest rate quotes from Wachovia, Chase and Bank of America. Luckily, with the advancements in technology it is much easier to get an interest rate quote online or via the telephone.


Over the last several months many Americans have walked in to very low FHA refinance rates which have allowed them to save a significant amount of money on their monthly mortgage payments. Some Americans have found that they are saving hundreds of dollars by refinancing to a lower interest rate in 2010.

Before making any final decisions when it comes to locking into an FHA mortgage it is important to remember that there are insurance obligations. While these insurance obligations are not extremely high they can add up and end up costing more than a conventional mortgage with a slightly higher interest rate. There many mortgage calculators online to help Americans understand which mortgage type is right for them.

Author: Alan Lake

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