Today’s Lowest Mortgage Interest Rates – Refinance 30 Year Home Loan Rates at 4.25% for the Best Borrowers
Posted on | September 28, 2010 | No Comments
Today’s lowest mortgage interest rates remain very attractive levels when it comes to refinancing home loan in the current economic environment. Refinance 30 year home loan rates are at historical lows as many mortgage lenders are reporting that the best borrowers are receiving interest rates around 4.25%.
Before making any assumptions that all Americans can lock into today’s lowest mortgage interest rates it is very important to recognize that it takes an amazing credit score and a very good financial history to have any opportunity at these low rates. The general rule of thumb is the homeowner should have a credit score above 740 and a debt to income ratio that is below 40% have any opportunities at these mortgage interest rates below 4.5%.
Taking the time and effort to do research could prove to be greatly beneficial when it comes to locking into these low mortgage interest rates. The best homeowners and borrowers of money have saved up over the last few years and had the opportunity to put in a ton of money when it comes to refinancing to a lower principle. Make sure you understand how much money can be saved before going into this process.
Author: Heather Best
Tags: 30 year fixed rates > 30 year refinance rates > home loan interest rates > lowest mortgage interest rates > lowest refinance rates > mortgage interest rates today > refinance 30 year loan rates
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