Compare Mortgage Interest Rates Today – Late January Refinance VA and FHA Home Loans Remain Very Low
Posted on | January 24, 2011 | No Comments
With 30 year fixed mortgage rates under 5% many American homeowners are looking to compare mortgage interest rates today and an opportunity to save money on monthly mortgage payments. At the present time we are seeing 30 year fixed conventional mortgage rates at 4.75% while 15 year fixed conventional rates are at 4.0%.
Many major mortgage lenders are reporting that FHA mortgages are coming in very close to conventional mortgages so it should come as no surprise to see 30 year fixed FHA rates very low as well. When looking for low January refinance VA and FHA home loans it is very important for homeowners to remember that it takes a very impressive credit score and the low debt to income ratio to qualify.
Unfortunately, many Americans have seen their credit score drop over the last several years as the overall economy has greatly struggle. The unemployment rate remains above 9% and many Americans are seeking extra money through second and third jobs if they can find them. Unfortunately, there are also many who have exhausted their unemployment benefits and are having great problems when it comes to personal finances.
For those who have been able to stay afloat and make very good financial decisions there many opportunities to save money in the current low interest rate environment. Remember that there are national, regional and local lenders that are offering great opportunities to save extra cash in the form of lower interest rates on a home loan.
While Bank of America, Chase, Citigroup and Wells Fargo are the largest banks in the country it is important to recognize that their are many other options as well. By doing research online most homeowners can find local or regional banks that offer many opportunities to save time and money by going to the refinance process.
Author: Jeremy North
Tags: compare mortgage interest rates today > fha home loan rates > january fha home loans > january mortgage interest rates > mortgage interest rates today > va home loan rates
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