Today’s Lowest FHA Mortgage Rates – 30 and 15 Year Refinance Rates Remain Near Lowest 2010 Levels
Posted on | November 22, 2010 | No Comments
Over the last few weeks We have seen the 10 year treasury rate yield move much higher which in turn has pushed mortgage rates higher but they are still very low when looking at historical mortgage rates. Today’s lowest FHA mortgage rates are still below 5% when it comes to the 30 year and 15 year fixed refinance rate.
When looking at historical charts of rates it is quite obvious that the 30 year fixed mortgage rate has never remained below 5% for such an extended period of time. With this being the case there many homeowners who could greatly benefit by going to the refinance process that they have made strong financial decisions in the recent past.
Taking the time and effort to complete due diligence and research is always very important when it comes to major money decisions. When dealing with a home loan it is even more important as this is the largest financial decision of almost everyone’s life. By getting the lowest possible interest rate some homeowners could save tens of thousands of dollars over the course of their home loan.
Luckily, there are many free resources available online to help homeowners better understand what options are currently available. With the advancements in technology we now see many mortgage lenders with live chat options as well as free resources that can help each and every homeowner better determine if refinancing is right in the current economic environment.
The Federal Reserve Bank is taken every step possible to keep interest rates while so it would be very smart to take advantage of being able to borrow money at cheaper rates. When the economy begins to recover it will likely be the case that the Fed no longer keeps rates low and they will move up very quickly. With this being the case it may be wise to act now before the Christmas holiday shopping season really begins.
Author: Alan Lake
Tags: 15 year fha rates > 30 year fha rates > lowest fha mortgage rates > mortgage fha rates today > todays fha mortgage rates > todays lowest fha mortgage rates
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