Today’s Lowest FHA Mortgage Rates – Refinance Interest Rate Quotes from Chase, Wells Fargo, Bank of America and Wachovia
Posted on | September 22, 2010 | 1 Comment
Today’s lowest FHA mortgage rates are very appealing to a large number of homeowners as refinance interest rate quotes are at all-time lows. The 30 year fixed mortgage rate is being quoted at 4.2% from many major mortgage lenders including Chase, Wachovia, Bank of America and Wells Fargo. It is important to recognize that these are some of the biggest banks in America but they are not the only options.
It is also important to realize that FHA mortgage rates come with insurance obligations. While these insurance obligations are not expensive they can add up very quickly on a monthly mortgage payment. It is sometimes worth it to accept a conventional mortgage rate is slightly higher due to the fact that homeowners will be able to avoid the insurance costs.
Taking the time and effort to do research could be greatly beneficial when it comes to locking into the lowest possible mortgage interest rates today. If looking for today’s lowest FHA refinance rates it is always wise to contact several mortgage lenders before making any final decisions. By completing due diligence that could help many Americans save a significant amount of money.
Author: Alan Lake
Tags: fha mortgage rates > lowest fha refinance rates > lowest mortgage interest rates > lowest mortgage rates > lowest refinance rates > Refinance Rates > todays lowest fha mortgage rates
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One Response to “Today’s Lowest FHA Mortgage Rates – Refinance Interest Rate Quotes from Chase, Wells Fargo, Bank of America and Wachovia”
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September 22nd, 2010 @ 1:21 pm
If you finance with a FHA/VA loan, that loan can be assumable in the future making your home more valuable if interest rates go up.