Compare 30 Year Fixed Mortgage Interest Rates Today – Refinance VA, FHA and Conventional Home Loans Sub 5%
Posted on | April 23, 2011 | Comments Off
With 30 year fixed conventional mortgage rates under 5% many Americans are looking to save as much money as possible by going through the refinance process. With this in mind it should come as no surprise to see more and more homeowners looking to compare 30 year fixed mortgage interest rates today. This weekend we are seeing 30 year rates as low as 4.6%.
It is important to note that only the best borrowers of money have a chance to lock in the lowest rates. When looking for refinance VA, FHA and conventional mortgage rates at the lowest levels it is advisable to have a credit score that is above 740 and a debt to income ratio that is below 40%. Without these requirements it can be very difficult to lock in to the lowest rates.
With over 7000 FDIC insured banks throughout the country it should not be difficult to find a lender that is willing to go above and beyond to help homeowners lock in to a low rate. At the local, regional and national level there are quite a few options when it comes to choosing a financial institution.
As we get closer and closer to the summer of 2011 it may be the case that interest rates start to rise at a very quick pace. With the unemployment rate under 9% and the stock market making multi year highs each and every day there is a strong reason to believe that the Federal Reserve Bank will no longer take the necessary steps to keep interest rates historically low.
With many free resources available online there is no reason to pass up an opportunity to save money. Most mortgage lenders have a live chat service that will help Americans get answers to those very difficult questions. This is much easier than it was in the past as homeowners had to wait for a return phone call.
Author: Alan Lake
Tags: compare fixed interest rates > compare mortgage interest rates > home loan interest rates today > mortgage interest rates today > refinance fha home loans > Refinance Home Loan Rates > refinance va home loans