Compare Mortgage Interest Rates Today – June 23 Fixed FHA and VA Home Loans Lower at Chase and Wells Fargo
Posted on | June 23, 2011 | Comments Off
Today we have seen the 10 year treasury rate yield down slightly which in turn has pushed fixed VA and FHA home loan interest rates lower. On June 23, 2011 many Americans are looking to compare mortgage interest rates today as they hope to lock in the lowest refinance rates in 2011.
Both Jason Wells Fargo are reporting 30 year fixed mortgage rates much lower but it is important to recognize that only the best borrowers of money will have any opportunity to lock into the lowest rates. Unfortunately, some Americans will not be able to lock into low rates due to poor financial decisions they have made in the recent past.
With a credit score that is above 740, a debt to income ratio that is below 40% and a significant amount of home equity most homeowners will find that there are many opportunities to save money with low interest rates in June or July of 2011. Without meeting these financial requirements it is often true that customers will not be able to lock in to refinance rates below 4.5%.
When attempting to refinance through an FHA or VA home mortgage it is important to recognize that there are some slight differences than a conventional mortgage rate. An FHA mortgage does have insurance obligations so it may be wise to at least consider a conventional mortgage with a slightly higher rate as individuals could save by avoiding the insurance obligations.
With over 7000 FDIC insured financial institution spread throughout the United States it should not be difficult to find lenders that are willing to offer very impressive rates. Luckily, with the advancements in technology is now much easier than it has ever been to do personal finance research online. Most homeowners will find that they can do research from the comfort of their home or office by contacting mortgage lenders via live chat or twitter answering services.
Author: Alan Lake
Tags: compare fixed interest rates > compare mortgage interest rates today > fha home loan rates > home loan interest rates > june fha home loans > june va home loans > va home loan rates