Compare Mortgage Interest Rates Today – Refinance VA, FHA, Conventional and ARM Loan Rates at Lowest Levels Ever
Posted on | September 2, 2010 | No Comments
With mortgage rates very close to the lowest levels in the history of the United States housing market it comes as no surprise to see many Americans looking to compare mortgage interest rates today. At the present time we are seeing VA, FHA, conventional and ARM loan rates at the lowest levels ever. The 30 year fixed rate is being quoted around 4.25% today.
Before making any assumptions that all homeowners will be of the lock-in to these low rates it is extremely important to understand that there are requirements to have opportunities to lock in to the lowest mortgage interest rates today. It usually takes a credit score above 740 and a debt to income ratio below 40% have any opportunities to lock into the lowest mortgage interest rates today.
When looking to refinance many American should also remember that there are closing costs involved in the process. The general rule of thumb is that all homeowners must save at least one full percentage point to fully benefit from this refinance process. Saving one percentage point will likely help the savings outweigh the costs.
Author: Alan Lake
Tags: arm mortgage rates > compare mortgage interest rates > fha mortgage rates > mortgage interest rates today > mortgage rates > refinance arm rates > refinance fha rates > refinance va rates
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