Compare Mortgage Interest Rates Today – July 26 Bank of America, Chase and Citi VA and FHA Home Loans Dip
Posted on | July 26, 2011 | Comments Off
Today we are seeing the 10 year treasury rate yield continue The grind sideways around 3% which means that 30 year fixed mortgage rates remain at 4.3% for most borrowers. For borrowers who have made good financial decisions in the last several years it is likely the case that they are looking to compare mortgage interest rates today in hopes of saving money by taking advantage of the low interest-rate environment.
On July 26, 2011 Bank of America, Chase and Citi are all reporting FHA and VA home loan rates very close to conventional mortgage rates. Even though this is the case individual should do extensive research and recognize that there are fees that come along with an FHA and/or VA loan.
There are a number of insurance obligations that come with an FHA mortgage so individuals should make certain that these are added into the calculations. Luckily, there are many free mortgage calculators available online that should help individuals much better understand which mortgage type is best for their specific financial situation.
It is also important to recognize that there are many options available when it comes to refinancing home loan. While Bank of America, Chase and Citigroup are some of the largest financial institutions in the nation they are not the only options when it comes to refinancing a home loan. By doing extensive research on line many will find that the FDIC currently insures well over 7000 financial institutions.
By getting an interest rate quote from several mortgage lenders individuals will know that they are getting competitive rate quotes. Unfortunately, some individuals go through the entire refinance process with only one mortgage lender and do not realize that they could receive better customer service and rates elsewhere.
Author: Alan Lake
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