Today’s Lowest Mortgage Refinance Interest Rates – Fixed Regions Bank, TD Bank and PNC Bank Home Loans Dip Lower
Posted on | August 23, 2011 | Comments Off
Over the last several weeks we have seen the 10 year treasury rate yield struggle to find a bottom well below 2.25%. As the 10 year yield continues to drop it is the case that 30 year fixed mortgage rates have plummeted to a level that is well below 4.25% for many borrowers who have an extremely good credit score.
When seeking today’s lowest mortgage refinance interest rates it is always advisable to check out several opportunities. Many individuals will seek fixed refinance rates from companies such as Regions Bank, TD Bank and PNC Bank but remember that there are over 7000 FDIC insured institutions nationwide so it would be advisable to check out the options.
As we get closer to the fall of 2011 there is a strong possibility that we could see interest rates start to move higher. But the overall economy stabilizes and the unemployment rate begins to drop than their are many analysts who believe that interest rates could start moving back towards 5%.
With that being said the federal reserve bank as stated many times that they’re going to take every necessary steps to keep interest rates low. With this in mind some individuals may think that it is wise to wait and see how low interest rates will go but this could cause a problem for those who could see their debt to income ratio increase.
The general rule of thumb is that individual should have a very impressive credit score above 740 at a very low debt to income ratio below 40% have any opportunity to lock into some of the lowest interest rates. Unfortunately, some Americans have made poor financial decisions in the recent past which can make it very difficult to lock into low 30 year fixed home loans at the present time.
Author: Mike Garner
Tags: fixed home loan rates > fixed regions bank rates > fixed td bank rates > regions bank mortgage rates > td bank mortgage rates > today's lowest mortgage interest rates > todays lowest refinance ratse