Compare Mortgage Interest Rates Today – Average Refinance FHA and VA Home Loan Rates Sink to Lowest Levels in History

Posted on | November 10, 2010 | No Comments

As the Federal Reserve Bank takes the necessary steps to keep interest rates low many homeowners could benefit by going to the refinance process. With this being the case many Americans will likely look to compare mortgage interest rates today as average refinance FHA and VA home loan rates are near all-time lows.


Over the last several months the Federal Reserve Bank is done exactly what is needed to keep mortgage interest rates at all-time low levels. With the lowest mortgage rates in the history of the United States housing market now available many homeowners stand to benefit greatly by going to the refinance process. It is important to recognize that it takes an amazing credit score and a low debt to income ratio to have any opportunities to refinance to low rates.


The 30 year conventional fixed mortgage rate is around 4% for borrowers with good credit score above 740 and a debt to income ratio below 40%. By not meeting these requirements it can be very difficult to lock in to the historically low rates that are currently available. There many mortgage lenders spread throughout the country that can help when it comes to locking in these low rates and the four big banks are currently Bank of America, Wells Fargo, Chase and Citigroup.

Author: Tiffany Mann

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