Today’s Lowest FHA Mortgage Rates – Best Refinance Interest Rates Around 4.75% for 30 Year Fixed
Posted on | December 28, 2010 | No Comments
Finding today’s lowest FHA mortgage rates is easier than it has ever been. With the advancements of Google and the overall Internet it is now the case that costumers can find the best refinance interest rates by simply doing a few quick clicks of the mouse. Almost all mortgage lenders have some type of online chat or email service to help understand the options.
At the present time we are seeing 30 year fixed refinance mortgage rates around 4.75%. These rates are very attractive for those who are paying on a mortgage interest rate that is above 5.75%. The general rule of thumb is that a homeowner should save at least one full percentage point to have any chance to save by going through the refinance process.
As we get closer to 2011 it will likely be the case that many people will be looking to save money. Money concerns are always one of the biggest issues for most American households so it should come as absolutely no surprise that a large number of people are looking to save as much as possible as part of their 2011 New Year’s Resolution.
By going through the refinance process and saving money it could help many households alleviate high interest rate debt issues. Saving $100 a month on a mortgage payment will allow Americans the opportunity to keep an extra $1200 in their wallets. This extra money could go towards savings or paying other bills that have been adding up.
Make sure to realize that there are insurance obligations with an FHA mortgage. These insurance obligations are not overly expensive but they can add up over time. With this in mind it might be smart to consider a conventional 30 year mortgage with a slightly higher interest rate as customers will be able to avoid these insurance costs.
Author: Heather Best
Tags: best fha rates > best refinance interest rates > fha mortgage interest rates > fha rates > lowest fha rates > lowest refinance race > todays lowest fha mortgage rates
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