Compare Mortgage Interest Rates Today – Weekend FHA, VA and Conventional Home Loans Move Higher in Mid November

Posted on | November 13, 2010 | No Comments

Last weekend 30 year fixed mortgage interest rates were 4% for a conventional home loan. This week we have seen a move higher in the 10 year treasury rate yield which in turn has pushed 30 year mortgage rates up to 4.2%. Even though this is the case there are still a growing number of homeowners who continue to compare mortgage interest rates today looking for the best possible deal on a VA or FHA home loan.


As the year of 2010 comes to a close more and more Americans will continue to analyze their personal finance situation. With the Christmas holiday shopping season now upon us it tends to be the case that Americans spend quite a bit more during the months of November and December. To save a little bit of extra cash some homeowners continue to look for weekend FHA, VA in conventional home loan interest rates near all-time lows.


The Federal Reserve Bank and fed reserve Bank chairman Ben Bernanke have worked diligently to keep interest rates very low for an extended period of time. The Federal Reserve feels that low interest rates could help stimulate the economy by allowing individual Americans and businesses to borrow money at a much cheaper rate. With this being the case in many people have had opportunities to receive extremely low interest rates on a business loan, car loan, personal loan or home loan.


Before Americans make any assumptions that everyone will receive low interest rates it’s extremely important to understand that these financial lenders are being very strict with their lending procedures. It generally takes a very good credit score above 740 to have the opportunity to lock in to the lowest possible mortgage interest rates or any type of interest rate on money borrowed.

Rather than going into any process blind it is probably a good idea to do research online. With the advancements in technology and Google search is now the case that millions of Americans can compare mortgage interest rates today from the comfort of their home or computer. With 30 year fixed rates around 4.2% many people stand to benefit from refinancing today but research and homework must be done to fully benefit.

Author: Alan Lake

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