Today’s Lowest Mortgage Interest Rates – Fixed Regions Bank, Countrywide and Wachovia Home Loans Dip Lower
Posted on | August 25, 2011 | Comments Off
As millions of Americans are struggling to make ends meet with an unemployment rate that is in the double digits in some states it comes as no surprise to see many seeking today’s lowest mortgage interest rates. Some of the most popular regional lenders that are offering low interest rates at the present time include Regions Bank, Countrywide and Wachovia.
While these are some of the most popular regional lenders throughout the United States it is important to realize that the FDIC insures over 7000 institutions nationwide. By doing extensive research on the FDIC.gov website most will find many local and regional lenders that are suitable for their needs.
Rather than assuming that one particular lender will work best it is always a wise choice to get several mortgage interest rate quotes. In the long run this will end up saving many quite a bit of time and money. With this in mind there is no reason to pass up the opportunity to use the live chat resources available on many mortgage lender websites.
Having a credit score above 740 and a debt to income ratio that is below 40% can go a very long way towards helping individuals save when it comes to refinancing. With this being true it would be very smart to pay down high interest rate debts such as bad credit personal loans or credit cards.
As we get closer to the fall of 2011 it will be very interesting to see what happens with the overall interest rate market. Many feel as if interest rates could remain very low with the help of the Federal Reserve Bank but there is not guarantee that 30 year fixed mortgage rates will remain below 4.25%.
Author: Jeremy North
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