Mortgage Refinance Home Loan Rates Dip to New All Time Lows at 4% – Applications Saor
Posted on | August 18, 2011 | Comments Off
Today we saw the 10 year treasury rate yield break down to a level below 2% for the first time ever! This means that 30 year fixed mortgage rates will be at all time lows heading into this weekend. With mortgage refinance loan rates as low as 4% many Americans homeowners stand to benefit greatly in the near future.
Before going into the refinance process it is important for all homeowners to recognize that it takes an amazing financial history to lock in to these low rates. Generally speaking, individuals need a credit score above 740 and a debt to income ratio that is under 40%. By meeting these requirements most will have plenty of opportunities to lock in to very low rates.
Some of the largest financial institutions in the United States include Bank of America, Chase, Citi and Wells Fargo but there are a number of options available today. By doing extensive research online most will find that there are a plethora of banks at the regional, local and national level that can help when it comes to refinancing.
As we get closer and closer to the fall of 2011 it looks as if the overall economy is going to continue to struggle. With this being the case many will likely notice that the 10 year treasury rate yield remains very low and mortgage rates remain attractive. This may be a great time for them to consider refinancing to save money.
By doing extensive research online most will find that there are plenty of opportunities to save money with low mortgage rates. Unfortunately, some Americans continue to make very poor financial decisions which often makes it very hard to lock in low rates. This is why it is important to make certain that bills are paid on time and in full.
Author: Jeremy North
Tags: fixed home loan rates > fixed mortgage refinance rates > home loan interest rates > home loan mortgage rates > mortgage refinance home loans > mortgage refinance loan rates