Today’s Lowest Mortgage Interest Rates – 30 Year Fixed and 5/1 Adjustable Rate Mortgages Hit Lowest Levels Ever

Posted on | October 19, 2010 | No Comments

With mortgage rates currently at the lowest levels in the history of the United States housing market many Americans are looking to refinance the low rates which in turn will help them save money. At the present time we are seeing 30 year fixed and 5/1 adjustable mortgages at all time lows as the 30 year fixed is at 4.1% and the 5/1 adjustable is very close to 3%.


Remember that it takes a very impressive financial history to have any opportunity to walk into the lowest possible mortgage rates today. Having a very impressive credit score above 740 and a debt to income ratio that is well below 40% will help many homeowners save quite a bit of money when it comes to refinancing in the current economic environment.

Without these requirements it could be very difficult to gain access to today’s lowest mortgage interest rates. With this being the case it may be wise to consider seeking the possibility of a home loan modification. President Obama and his staff have helped many Americans lower their monthly mortgage payment with the mortgage modification program Making Home Affordable.

Author: Jeremy North

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