Northern California National Bank Refinance Mortgage Rates – Fixed Home Loans Remain Under 5% on July 19, 2011
Posted on | July 19, 2011 | Comments Off
On July 19th, 2011 we are seeing the 10 year treasury rate yields slightly below 3% which is offering many opportunities to those who are looking to refinance. Northern California National Bank refinance mortgage rates have been very close to 2011 lows for quite some time and we continue to see fixed home loan rates under 4.5%.
While Northern California National Bank has helped many people when it comes to refinancing home loan it is important to recognize that there are many options available to present time. The FDIC currently insures over 250 financial institutions with headquarters in the state of California and 7000 banks nationwide.
With 30 year fixed mortgage rates under 4.5% many borrowers have a great opportunity to save a significant amount of cash. Unfortunately, many of these individuals have made poor financial decisions over the last several years which can make it nearly impossible to lock in the 30 year fixed rates near the lowest levels of 2011.
To take advantage of these low rates most Americans will need a credit score that is about 740 and the debt to income ratio that is under 40%. Without meeting the financial requirements it is likely true that lenders will apply a much higher interest rate to money borrowed. This is why it is imperative to make 100% certain that high interest-rate debts are paid down to the best of one’s ability.
By paying down high interest-rate debts it will likely be true that Americans see their credit score rise. It is important to realize that at the present time there is no such thing as a government free credit score but it may be worth it to spend an extra $30 or $40 to put a numerical value on a financial history before going into the refinance process at the present time.
Author: Mike Garner
Tags: ca mortgage interest rates > ca mortgage rates > ca refinance mortgage rates > california bank rates > california national bank > home loan interest rates > northern california national bank rates