Home Mortgage Refinance Loan Rates – ARM, Fixed, FHA and VA Loan Rates Hit All Time Lows in August 2010
Posted on | August 20, 2010 | No Comments
Home mortgage refinanced loan rates have hit all-time lows as ARM, fixed FHA and VA loan offers are well below 5% for most homeowners. At the present time we are seeing 30 year conventional fixed mortgage rates at 4.25% which is clearly the lowest levels in the history of the United States housing market. By looking at a historical chart of mortgage interest rates it is clear that we are well below any of the previous all-time lows.
With this being the case it comes as no surprise to see many American searching for home mortgage refinance loan rates and hopes of an opportunity to save money. By refinancing to a rate well below 5% almost all American homeowners stand to benefit. The general rule of thumb is that borrowers must save at least one full percentage point off their current mortgage interest rate to fully benefit from refinancing.
There many mortgage lenders spread throughout the United States as this is a very competitive industry. It should not be give a call to find a mortgage lender in your area that offers great customer service as well is very good interest rate offers. It’s important to remember that it takes an extremely good credit score and a low debt to income ratio to qualify for the lowest refinance mortgage rates.
Author: Heather Best
Tags: arm mortgage rates > fha mortgage rates > fixed mortgage rates > Home Mortgage Loan Rates > mortgage rates > mortgage refinance rates > va mortgage rates
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