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

Posted on | October 19, 2010 | No Comments

Finding today’s lowest FHA mortgage interest rates could prove to be greatly beneficial for many homeowners looking to save a home loan payment. At the present time we are seeing refinance rate quotes from Bank of America, Wells Fargo and Chase very close to all-time lows. The 30 year fixed rate is being quoted around 4.25%.


It is always important to understand that a good financial history will greatly help when it comes to locking in the lowest FHA mortgage rates. Unfortunately, there are many Americans who have greatly struggled when it comes to maintaining a very high credit score. By missing bill payments it is usually the case that a credit score will be negatively affected.

Before going into the FHA mortgage application process it is always important to understand that there are insurance obligations with an FHA mortgage. It is usually the case that these insurance costs are not extremely expensive but they can add up and cause a monthly payment to be more. With this being the case it is always wise to consider research on a conventional mortgage that has a slightly higher interest rate as homeowners will have the ability to avoid these extra insurance costs.

Author: Mike Garner

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