Today’s Lowest Mortgage Interest Rates – Fixed 30 and 15 Year Home Loans Remain Near April Lows On Easter Weekend
Posted on | April 22, 2011 | Comments Off
Heading into Easter weekend many American homeowners are finding that today’s lowest mortgage interest rates are very close to April 2011 lows. At the present time we are seeing a 30 year fixed conventional mortgage rate around 4.6% while the 15 year fixed rate is slightly below 4%. With rates this low many American standard benefit by going to the refinance process.
It is very important to recognize that it takes an amazing financial history to have any opportunity to lock in to the lowest 30 year fixed rates. Without a credit score above 740 and debt to income ratio below 40% there is a chance that homeowners will miss out on an opportunity to take advantage of the low interest-rate environment due to poor financial decisions in the recent past.
This is why it is very important to make certain that all bills are paid on time and in full no matter what the circumstances. Unfortunately, many Americans have passed up the opportunity to pay down high interest rate debts which makes it very difficult to receive low interest rates on any amount of money borrowed.
By creating a strong weekly or monthly budget there’s a good chance that some homeowners could end up better understanding where their money is being spent. Rather than going out to eat every night of the week or going out to the movies at least twice a week it may be advisable to cut back financially so high interest-rate obligations can be paid down.
Although this is hard to do for many American households there are plenty of free resources available online that should help Americans create a strong budget. By accessing the FTC website Americans can gain free resources and articles that help them better create financial documents that will help them alleviate debt problems.
Author: Mike Garner
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