Today’s Lowest Mortgage Interest Rates – 15 Year Fixed Mortgage Rates Move Up to 4.15% on January 31
Posted on | January 31, 2011 | No Comments
As American homeowners are looking to save money in the early part of 2011 it comes is very little surprised to see many of these individuals looking for today’s lowest mortgage interest rates. At the present time we are seeing the 15 year fixed mortgage rate around 4.15% which is much higher than we saw last week with the 15 year fixed well below 4%.
Even though mortgage rates have moved up quickly there still many great opportunities to save by going to the refinance process in January or February of 2011. On January 31, 2011 30 year fixed mortgage rates are up to 4.85% while the 15 year fixed is around 4.15% but when looking at historical chart it is quite obvious that these rates are very low when looking at the bigger picture.
Taking the time and effort to do research could always prove to be beneficial when it comes to major financial decisions. Unfortunately, many Americans assume that they will always get the best deal when it comes to low interest rates so they have no desire to complete their homework. By doing this several thousand dollars could be left on the table in the form of fees and costs.
The HUD website offers many valuable resources that can help when it comes to better understanding what options are currently available. By doing a few extra hours of research on this website every single night there is good possibility that Americans could save hundreds and possibly even thousands of dollars by going to the refinance process in the early part of 2011.
There many financial calculators available online that should help when it comes to better understanding what interest rate should be desired. These financial calculators will also help to visualize just how much money can be saved over the course of time. The general rule of thumb is that homeowners should desire to save at least one full percentage point to see savings on a home loan payment in the near future. Without saving this one full percentage point closing costs often outweigh the savings.
Author: Mike Garner
Tags: 15 year fixed home loans > 15 year fixed mortgage rates > 30 year fixed home loans > 30 Year Fixed Mortgage Rates > lowest mortgage interest rates > today's lowest mortgage rates
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