Today’s Lowest Mortgage Interest Rates – Wachovia, BB&T and HSBC Home Loans Dip to New 2011 Lows on Monday
Posted on | June 20, 2011 | Comments Off
With the 10 year treasury rate yield under 3% many Americans are taking advantage of the low interest rate environment. When looking for today’s lowest mortgage interest rates most people find that major mortgage lenders are reporting 30 year fixed home loans around 4.25% in late June.
Some of the major mortgage lenders reporting rates at extremely low levels include Wachovia, BB&T and HSBC. Remember that these are some of the larger financial institutions in the country but definitely not the only options when it comes to locking in home loans on June 20, 2011.
To start the week of June 20, 2011 most major mortgage lenders are reporting that 30 year fixed mortgage rates are under 4.5% for many borrowers. It is important to recognize that not all borrowers will receive rates this low as it takes an amazing financial history to lock in low interest rates at the present time.
It is also very important to realize that there are over 7000 FDIC insured banks that the United States so it is advisable to check out the competition. By using the FDIC search feature customers will be able to find local, regional and national banks that can help individuals get competitive interest rates.
As we get close to the summer of 2011 and will be very interesting to see what happens at the 10 year treasury rate yield as many analysts have predicted that the rate yield could rise due to an improved economy. Even though this has been a prediction it is important to note that the unemployment rate has moved up to 9.1% which is a sign that the economy is not growing as quickly as expected. Even though interest rates could remain low for a while it may be advisable to take advantage of them while they are still available.
Author: Jeremy North
Tags: bbt mortgage interest rates > fixed home loan rates > hsbc mortgage interest rates > today's lowest mortgage interest rates > todays lowest home loan rates > wachovia mortgage interest rates