Today’s Lowest FHA Mortgage Rates – Bank 30 Year Loan Rates from Bank of America, Wells Fargo and Wachovia

Posted on | September 3, 2010 | No Comments

Today’s lowest FHA mortgage rates are very attractive levels as bank 30 year FHA home loan rates from Bank of America, Wells Fargo and Wachovia are being quoted very close to conventional mortgage rates. With this being the case there are opportunities to lock into 30 year fixed mortgage rates as low as 4.25%. It is very important for homeowners to understand that it takes a very good credit score to get rates this low.


A credit score above 740 with a debt to income ratio below 40% will likely help many homeowners receive mortgage interest rate quotes below 5%. The general rule of thumb is that Americans must save at least one full percentage point to fully benefit from the refinance process. It is important to understand that without a great financial history higher interest rate offers will likely occur.

Over the last several weeks many Americans have had great opportunities to lock into low 30 year FHA refinance mortgage rates. Some homeowners are finding that they are saving as much as hundreds of dollars a month on a mortgage payment which in turn is allowing them to pay off other bills. Saving on a monthly mortgage payment may be just what is needed to help many Americans get out of debt.

Author: Heather Best

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