Compare Mortgage Interest Rates Today – Fixed VA, FHA and Conventional Weekend Refinance Rates Hit All Time Lows
Posted on | August 12, 2011 | Comments Off
As interest rates continue to drop many American homeowners are considering the refinance process as a way to save money heading into the Christmas holiday shopping season. Many of these hard-working individuals will likely seek opportunities to compare mortgage interest rates today to find a competitive lender.
At the present time fixed VA, FHA and conventional weekend refinance rates are very close to all-time low levels. This week we saw the 30 year fixed mortgage rate dipped very close to 4% as the 10 year treasury rate yield dropped all the way below 2.2%. If this drop continues and there is very little doubt that mortgage rates will dip to all-time lows.
When going into the refinance process it is very important for all customers to recognize that there are closing costs and fees. The general rule of thumb is that individuals should desire to save at least one full percentage point if they plan to fully benefit from the refinance process and August or September of 2011.
By not saving one full percentage point it is often true that closing costs will outweigh benefits. Luckily, there many free mortgage calculators available on line should help Americans much better understand the interest rate they desire. Remember to add closing costs into these calculations as this will often determine how much money will be saved at the present time.
The FDIC currently insures over 7000 financial institutions but the big four banks in the United States are J.P. Morgan Chase, Bank of America, Wells Fargo and Citigroup. By doing extensive research on line most will find many local and regional lenders that will be more than willing to help when it comes to refinancing home loan heading into the fall.
Author: Alan Lake
Tags: compare mortgage interest rates > conventional mortgage interest rates > fha home loan rates > fixed home loan rates > home loan interest rates > mortgage interest rates today > va home loan rates