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

Posted on | October 27, 2010 | No Comments

With mortgage rates very close to all time lows tt continues to be the case that many homeowners are looking for today’s lowest FHA mortgage rates. With refinance interest rate quotes from major lenders such as Bank of America, Wells Fargo and Chase very low it is quite likely that millions of homeowners will look to save by getting the lowest possible mortgage interest rate.


Many of these major mortgage lenders have reported that FHA mortgages and conventional mortgages are coming in very close. With this being the case you can expect to see 30 year fixed rates under 4.5% for borrowers to qualify. It generally takes a very good credit score low debt to income ratio to have any opportunity to take advantage of these low FHA mortgage rates.


It is also important to remember that there are insurance obligations that come with an FHA mortgage. While they are not overly expensive it is the case that these monthly expenses could add up causing a mortgage payment to be a little bit higher. There are many mortgage calculators available online to help homeowners understand if a conventional or FHA mortgage is right for their current financial situation.

Author: Mike Garner

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