Today’s Lowest FHA Mortgage Rates – 30 Year Refinance Fixed Rates from Bank of America, Wells Fargo and Wachovia
Posted on | October 18, 2010 | No Comments
As mortgage rates continue to drop to all-time lows many American homeowners are seeking today’s lowest FHA mortgage rates. At the present time we are seeing 30 year fixed refinance rates as low as 4.2%. Some of the largest mortgage lenders in the country include Bank of America, Wells Fargo and Wachovia. Remember that these are large mortgage lenders but there are many other options available as well.
To gain access to the lowest possible FHA mortgage interest rates it will likely take a very good financial history. This means that homeowners can not miss any bill payments as this will be a negative influence on her credit score. A credit score above 740 is likely required to receive these low interest rate offers.
Most Americans will find that it takes a low debt to income ratio as well. By having a debt to income ratio below 40% and a very high credit score their many American homeowners who will be in a great position to refinance to today’s lowest FHA mortgage rates. Make sure to add closing costs into the calculations when trying to figure out how much money will be saved by going to the refinance process.
Author: Alan Lake
Tags: 30 year fixed rates > 30 year refinance rates > bank of america fha rates > lowest fha mortgage rates > today's lowest fha rates > wachovia fha mortgage rates > wells fargo fha rates
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