Compare Mortgage Interest Rates Today – Refinance FHA, VA, and Fixed Rates Hit Lows on August 19th, 2010
Posted on | August 19, 2010 | No Comments
With mortgage rates hitting all times lows seemingly every single day it should come as no surprise to see many current and future homeowners looking to compare mortgage interest rates today. At the present time we are seeing FHA, VA and fixed rates hit historic lows on August 19, 2010. The 30 year fixed rate has been quoted as well as 4.25%.
Over the last several weeks most mortgage applications have been to refinance rather than make a new home purchase. Almost 80% of total mortgage applications have been refinanced mortgage applications. This should not come as a surprise as many first-time buyers are sitting on the sidelines and waiting for government incentives such as another first-time home buyer tax credit.
Unfortunately, it does not look as if there will be a first-time home buyer tax credit so it will likely be the case that most people look to refinance rather than buying a new home. Some homeowners are finding that they could save several hundred dollars a month on a mortgage payment by refinancing to a 30 year fixed mortgage rate as low as 4.25%.
Author: Mike Garner
Tags: compare mortgage interest rates > compare mortgage rates > mortgage interest rates today > refinance fha rates > refinance fixed rates > Refinance Rates > refinance va rates
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