Compare Mortgage Interest Rates Today – April 25 VA and FHA Refinance Home Loans Remain Under 5%
Posted on | April 25, 2011 | Comments Off
As the 10 year treasury rate yield continues to dip well below its 50 day moving average many people are realizing that 30 year fixed mortgage rates are well under 5%. With homeowners looking to compare mortgage interest rates today it comes as no surprise to see many looking for the lowest VA and FHA home loan refinance rates on April 25.
When looking for the lowest rate that is very important to understand that it takes an amazing financial history to have any opportunity to receive the lowest home loans. Unfortunately, a large number of Americans have made bad financial decisions in the last several years which has made it extremely difficult to lock into 30 year fixed rate under 5% at the present time.
Even though this is the case it is still advisable to do as much research as possible and understand what interest rate should be desired. The general rule of thumb is that homeowners should desire to save at least one full percentage point on their current home loan rate for an opportunity to save money by going to the refinance process. Luckily, there many free mortgage calculators available online that should help Americans better understand how much they need to save.
As we get closer to the summer of 2011 there is a very good chance that we could see interest rates start to rise. Many analysts have predicted that 30 year fixed mortgage rates will move up in the near future due to the fact that the economy is improving. What the unemployment rate under 9% and the stock market pushing higher each and every month many analysts feel that the 10 year treasury rate yield will start uptrend which in turn will push mortgage rates up. With this being a strong possibility it is always advisable to take advantage of the low interest rate environment while it is available.
Author: Mike Garner
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