Today’s Lowest Mortgage Interest Rates – 15 Year Fixed Home Loan Rates at 4% to Start This Week
Posted on | January 24, 2011 | No Comments
When looking for today’s lowest mortgage interest rates most homeowners are going to find that the 15 year fixed home loan is around 4% to start this week. For most of last week in the entire month of January we have seen 15 year fixed mortgage rates below 4% but when looking at a historical chart of rates we are still at very low levels.
Many American homeowners stand to benefit greatly by going to the refinance process during January or February of 2011 as interest rates are still very low. The Federal Reserve Bank continues to take every necessary step to keep interest rates very close to historic levels so now might be an opportunity to save extra money on a home loan payment.
Remember that not all Americans will have the ability to lock in to the lowest possible mortgage interest rates. It generally takes a very impressive credit score above 740, a significant amount of equity in a home, and a very low debt to income ratio that is under 40%. Without these financial requirements it could be a huge problem when it comes to negotiating a much lower interest rate on a home loan.
Taking the time and effort to do research online could prove to be greatly beneficial when it comes to locking into the lowest possible mortgage interest rates in January of 2011. The HUD website offers a great amount of free resources that will help homeowners better understand each and every step of the mortgage application process.
With these resources being completely free there is no reason to pass up the opportunity to do homework and save money. Unfortunately, many Americans going to the refinance or mortgage process completely blind and they end up losing money on closing costs and fees. Rather than doing this it is always important to negotiate the lowest possible amount when it comes to paying for the refinance process.
Author: Mike Garner
Tags: 15 year fixed home loans > 15 year fixed mortgage rates > fixed home loan rates > mortgage interest rates today > mortgage rates 15 year > today's lowest mortgage interest rates > todays lowest fixed home loans
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