Today’s Lowest FHA Mortgage Rates – Refinance Fixed Home Loan Interest Rates for 30 Year Rates Up to 4.35%
Posted on | November 17, 2010 | No Comments
Over the last week the 10 year treasury rate yield has moved from 2.5% all the way up to 2.9% which is caused mortgage interest rates to move higher as well. When looking for today’s lowest FHA mortgage rates it has become quite obvious that the short-term bottom took place earlier in November as conventional 30 year fixed rates were up 4%.
Today we are seeing 30 year fixed conventional mortgage rates at 4.35% and some analysts have predicted that this could move up to 4.5% by the end of the week. While mortgage rate predictions are nearly impossible with the federal reserve bank taking actions it is still the case that the 10 year treasury rate yield influences 30 year fixed mortgages.
When looking to refinance in the current interest rate environment it is also important to do research on a personal credit score. Credit scores one of them is the important factors when it comes to receiving low interest rates on any type of money borrowed through a credit card, car loan, personal loan or home loan. With this being the case it is always advisable to have the highest credit score possible.
Having a credit score above 740 will help a large number of homeowners locked in to today’s lowest FHA mortgage rates. Remember that there are insurance obligations when it comes to an FHA mortgage so research is necessary to determine just how much a monthly payment will be. It is sometimes advisable to take a slightly higher interest rate on a conventional mortgage as homeowners will avoid these insurance costs.
Over the next few weeks it will be very interesting to see how many Americans analyze their personal finances. It tends to be the case that November and December are the biggest shopping months of the year and many people do not think about money until the new year rolls around. That may change this year as mortgage interest rates are very attractive for those looking to refinance.
Author: Mike Garner
Tags: fha mortgage interest rates > home loan interest rates > lowest fha mortgage rates > mortgage interest rates today > refinance fixed home loan rates > today's lowest mortgage rates
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