Bank of America and Wells Fargo Fixed VA and FHA Refinance Mortgage Rates Dip to New All Time Lows
Posted on | August 13, 2011 | Comments Off
Over the last week we have seen the 10 year treasury rate yield dropped to levels never been seen before in the history of the United States housing market which in turn has pushed 30 year fixed mortgage rates very close to 4%. Both Bank of America and Wells Fargo continue to report that FHA and VA refinance home loan rates are coming and relatively close to conventional rates.
It is very important to recognize that a financial situation will greatly determine any type of interest rate quote. With this in mind it may be a very wise decision to improve one’s credit score before going into the refinance process. The best way to do this is to pay down high interest-rate debts such as credit card or personal loans.
It is also a very good idea to make certain that all bills are paid on time and in full. Unfortunately, many Americans continue to go through their entire adult life without realizing just how important it is to make certain that every single bill is paid on time. By missing bill payment some individuals may put themselves in a situation that does not allow them to lock in the lowest interest rates.
With this in mind it is always a wise choice to take advantage of the free resources online that are supported by the federal government. By accessing the free annual credit report at the website annualcreditreport.com most Americans will find that they can better understand which lines of credit they have outstanding. By understanding which lines of credit must be addressed it could be the case that some households end up greatly improving their financial situation.
Author: Jeremy North
Tags: bank of america fha rates > bank of america refinance > bank of america va rates > wells fargo fha rates > wells fargo refinance rates > wells fargo va rates