Compare Mortgage Interest Rates Today – Mid July Weekend Bank of America, Chase and Citi VA and FHA Rates Stable
Posted on | July 15, 2011 | Comments Off
The 10 year treasury rate yield has been stable around 2.95% over the last few days which has helped to keep 30 year fixed mortgage rates around 4.35%. With interest rates still a very attractive levels many American homeowners are looking to compare mortgage interest rates today in hopes of refinancing to some of the lowest levels of 2011.
Heading into the third weekend of July we are seeing Bank of America, Chase and Citi VA and FHA home loan rates coming in very close to conventional mortgage rates. It is extremely important to recognize that not all Americans will be able to lock into the lowest rates but we are seeing 30 year conventional rates under 4.5%.
Taking the time and effort to do extensive research on the financial situation often proves to be greatly beneficial when it comes to refinancing home loan. Luckily, the federal government offers a free resource to help Americans better understand how creditors look at their specific financial situation. By accessing the website annualcreditreport.com Americans can receive a free credit history report from the bureaus of Experian, Equifax and Transunion.
Although there is no such thing as a free government credit score the free annual credit report should help many when it comes to understanding areas of concern with their finances. By paying down high interest-rate debts and other lines of credit individuals could see their credit score jump by as much as 100 points.
It is very important to recognize that there are lending requirements that dictate who gets the lowest interest rates. The general rule of thumb is that individuals must have a credit score above 740 and a debt to income ratio below 40% if they hope to refinance to some of the lowest 30 year fixed mortgage rates in the history of the United States.
Author: Alan Lake
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