Compare Mortgage Interest Rates Today – Weekend VA and FHA Loans From Bank of America, Wells Fargo and Chase Low
Posted on | May 21, 2011 | Comments Off
With the 10 year treasury rate yield around 3.15% many American homeowners are finding that 30 year fixed conventional mortgage rates are very low as well. By doing research online most individuals looking to compare mortgage interest rates today are finding that weekend VA and FHA home loans from lenders such as Bank of America, Chase and Wells Fargo are extremely low.
Before making any assumptions it is very important to remember that it takes an amazing financial history to lock into low weekend FHA or VA home loans. Unfortunately, many Americans have made poor financial decisions in the last several months which makes it nearly impossible to lock into the lowest mortgage interest rates today.
With the advancements in technology it is now the case that most American should be able to find mortgage interest rate quotes from several lenders via the Internet. It is important to note that these quotes are not 100% accurate as individuals must go through the application process to get a 100% accurate rate quote. With that being said it is still a wise method to use to get an estimation as to how much can be saved.
It is also important to remember that Bank of America, Chase and Wells Fargo are some of the largest financial institutions in the country but definitely not the only options. When looking to refinance a home loan Americans should understand that there are over 7000 FDIC insured banks that will help when it comes to locking in the lowest rates today.
Over the next several weeks it will be very interesting to see what happens with the 10 year treasury rate yield as this could offer great insight as to the direction of interest rates. Since 1971 the 30 year conventional fixed mortgage rate and the 10 year treasury rate yielded by the strong correlation and that is likely to continue well into the future.
Author: Alan Lake
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