Today’s Lowest FHA Mortgage Rates – Refinance Rates Low for 30 Year Fixed Interest Rates in August

Posted on | August 26, 2010 | No Comments

Today’s Lowest FHA mortgage rates aren’t very attractive levels for many homeowners as most mortgage lenders are reporting that FHA mortgage rates are coming in very close to conventional mortgage rates here it with this being the case it can be expected to see Reed finance 30 year fixed interest rates around 4.3% for borrowers to qualify.


It is very important to understand that it will take a great credit score, a low debt to income ratio, and a significant amount of home equity to have any opportunity to find the lowest FHA refinance mortgage rates available. Without these requirements it will likely be the case that mortgage lenders offer higher overall interest rates.

This does not mean that many borrowers can not save from the refinance process in August of 2010. The general rule of thumb is that homeowners must save at least one full percentage point to fully benefit from the refinance process. By saving one full percentage point it will be the case that closing costs do not outweigh the benefits in the short term. Before making any major financial decision it is always wise to step back and look at the financial situation.

Author: Heather Best

Comments