Today’s Lowest FHA Mortgage Rates – Refinance Interest Rates and Quotes from Bank of America, Wells Fargo and Wachovia

Posted on | September 23, 2010 | No Comments

Today’s Lowest FHA mortgage rates have reached historical levels as many mortgage lenders are reporting that 30 year fixed rates are at 4.2%. When looking to refinance in the current interest-rate environment is important to realize that it takes a great credit score and a very low debt to income ratio. Some of the largest mortgage lenders in the country include Bank of America, Wells Fargo and Wachovia.


While these are some of the biggest mortgage lenders available it is important to recognize that they are not the only option when it comes to locking in to today’s lowest FHA mortgage rates. Most mortgage lenders are reporting that FHA rates are coming in very close to conventional rates by their our insurance obligations when it comes to an FHA mortgage.

These insurance obligations are not excessive but they can add up each and every month. With this being the case it would be wise to sit down with a mortgage calculator and determine just how much money can be saved by locking into a conventional mortgage rate versus an FHA mortgage rate. Most mortgage lenders will be more than happy to explain which process will benefit a specific financial situation.

Author: Alan Lake

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