Compare Mortgage Interest Rates Today – Lenders Offer Lowest Refinance VA and FHA Home Loans in January 2011
Posted on | January 12, 2011 | No Comments
With 30 year fixed mortgage rates well below 5% as is the case that millions of American homeowners are looking to save as much money as possible by going to the refinance process. When looking for the lowest interest-rate offers for VA and FHA home loans it is important to complete due diligence on many different lenders as this is a very competitive industry.
At the present time we are seeing 30 year conventional fixed mortgage rates around 4.7% and 15 year fixed mortgage rates around 4.15%. It is important to note that it takes a very impressive financial history to gain access to these low mortgage interest rates today. With a credit score in excess of 740, equity in a home loan, and a very low debt to income ratio that is below 40% homeowners will position themselves very well when it comes to low interest rate offers.
While there are many big banks and lending institutions throughout the country that are offering FHA and VA home loans it is important to remember that there are also local and regional lenders as well. By simply doing some local research many people will find that there are a growing number of opportunities to refinance the low rates.
As we get deeper and deeper into 2011 it could be the case that 30 year fixed mortgage rates begin to rise. The Federal Reserve Bank is stated many times that 30 year fixed rates could move up when the overall economy starts to improve. If homeowners feel that the economy will move in a strong direction followers that it may be wise to take advantage of low mortgage rates today.
Luckily, there are many free resources available online to help homeowners better understand what options are available when it comes to locking in the lowest possible rates. By visiting the government HUD website many people could better understand how the mortgage process works and if they have the possibility to save money.
Author: Tiffany Mann
Tags: compare mortgage interest rates today > fha home loan rates > home loan interest ratse > mortgage interest rates today > mortgage lender rates today > va home loan rates
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