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

Posted on | October 20, 2010 | No Comments

Today’s lowest FHA mortgage rates remain a very attractive levels as homeowners are looking to save as much money as possible by going to the refinance process in October or November of 2010. Refinance interest rate quotes from some of the major lenders including Chase, Bank of America and Wells Fargo have been below 4.5% for the 30 year fixed.


It is important to remember that there are insurance obligations that come with an FHA mortgage. Unlike a conventional mortgage, there will be monthly insurance cost that must be paid.   With this being the case it is sometimes wise to consider taking out a conventional mortgage that has a slightly higher interest rate but customers will be able to avoid the insurance costs.

Taking the time and effort to do research is always very beneficial when it comes to personal finances. There many free resources available online that can help home owners better understand what options they have when it comes to locking into today’s lowest FHA mortgage rate. Remember that there are many mortgage lenders that will help current homeowners when it comes to locking in to these low rates.

Author: Mike Garner

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