Compare Mortgage Interest Rates Today – Fixed VA and FHA Wells Fargo, Chase and Bank of America at All Time Lows
Posted on | August 19, 2011 | Comments Off
In the last few days we have seen the 10 year treasury rate yield drop to all time low levels below 2%. This has helped many American homeowners when it comes to refinancing their home loan. Many of these same individuals will start to compare mortgage interest rates today looking to find some very low opportunities.
It should come as absolutely no surprise that many are looking for fixed VA and FHA home loan rates from Wells Fargo, Chase and Bank of America. Remember that these are not the only options as there are over 7000 bank insured by the FDIC. All of these banks are reputable and can provide great help when it comes to refinancing.
As we get closer to the fall of 2011 it will be very interesting to see what happens with home loans. If the 10 year treasury rate yield continues to decline to all time low levels then we can fully expect to see 30 year fixed mortgage rates well below 4% soon. This will be the lowest level in the history of rates in this country.
With this in mind it might be a very good choice to improve a financial history. By reducing a debt to income ratio and improving a credit score many will find that there are opportunities to gain access to low rates. There are many free mortgage calculators online that can help individuals better understand how much money that can be saved.
Over the next few weeks it will likely be the case that many people submit mortgage refinance applications. When doing this make sure to have a credit score above 740 and a debt to income ratio under 40% to have a chance to lock in to low rates. If these are not possible financial requirements then individuals can expect to see higher rate offers.
Author: Alan Lake
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