Compare Mortgage Interest Rates Today – Fixed VA, FHA and Conventional Refinance 30 Year Loans Dip to New Lows
Posted on | August 22, 2011 | Comments Off
As the overall economy continues to struggle to recover and there are mentions of a double dip recession is the case that the 10 year treasury rate yield continues to sink. As the 10 year yield continues to bottom it is true that 30 year fixed mortgage rates are getting very close to the lowest levels in the history of the United States housing market.
With this in mind that comes as little surprise to see a large number of American homeowners looking to compare mortgage interest rates today. Many of these are looking for fixed VA, FHA and conventional refinance rates below 4.5% at the local, regional or national level.
Unfortunately, many Americans will not have the ability to lock into the lowest rates due to their poor financial decisions. Over the last several years many Americans have greatly struggled when it comes to paying down high interest-rate debts and this has caused their credit score to decrease. By having a credit score that is well below 740 it is often difficult to negotiate low interest rates at the present time.
Some of the largest financial institutions in the country include Bank of America, Wells Fargo, Citigroup and J.P. Morgan Chase but it is important to recognize that there are many options available. By doing extensive research on the FDIC website individuals will find that there are over 7000 banks insured by the federal government.
Taking the time and effort to do research at the local and regional level could prove to be greatly beneficial. This could help homeowners when it comes to gaining access to local and regional financial institutions that are willing to go above and beyond to gain new customers.
Author: Alan Lake
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