Compare Mortgage Interest Rates Today – FHA and VA Home Loans Jump to New Multi Month Highs in December
Posted on | December 10, 2010 | No Comments
As we get deeper into the month of December is the case that many Americans are considering the refinance process as they have seen mortgage rates jump much higher. For those looking to compare mortgage interest rates today it is important to remember that the 10 year treasury rate yield has accelerated higher causing interest rates to move up.
At the present time we are seeing 30 year conventional mortgage rates around 4.75% when they were up 4% just one month ago. FHA and VA home loan interest rates have pushed much higher due to the increase of the 10 year treasury rate yield. If the economy continues to improve and the federal reserve bank takes no action there’s a very good chance that we could see 5% mortgage rates in the near future.
For those looking to refinance to a very low mortgage interest rate it is important to remember that it takes a very good financial history and strong financial decisions to receive low rate quotes. By making certain that all bills are paid on time and in full there many American homeowners who will benefit through low mortgage interest rate quotes in December of 2010 and January of 2011.
Unfortunately, there are a large number of Americans who have made poor financial decisions over the last several months which in turn has caused their credit score to drop. With a poor credit score is almost impossible to receive the lowest mortgage interest rates today as mortgage lenders are very strict with their lending practices.
Fortunately, there are many free resources available online to help homeowners better understand just what interest rate offer they will receive. By taking advantage of the many mortgage calculators online homeowners can better decide if refinancing is the correct decision at the present time. The general rule of thumb is that homeowners should save at least one full percentage point to fully benefit.
Author: Tiffany Mann
Tags: compare mortgage interest rates today > fha home interest rates > fha home loan rates > mortgage interest rates today > va home interest rates > va home loan rates
Comments
Leave a Reply