Compare Mortgage Interest Rates Today – Fixed Bank of America, Wells Fargo and Chase VA and FHA Loans Up Slightly
Posted on | August 26, 2011 | Comments Off
Recently we have seen the 10 year treasury rate yield tick up to a level between 2.1% and 2.25% but it is still the case that it is historically low. With this in mind it comes as little surprise to see many hard-working American homeowners looking to compare mortgage interest rates today.
Many of these individuals will search for fixed Bank of America, Wells Fargo and Chase FHA and VA home loan interest rates in hopes of saving some significant money. It is very important to remember that these are three of the largest financial institutions in the country but not the only option when it comes to refinancing a home loan.
Over the next several weeks it will be very interesting to see what happens with the 10 year treasury rate yield as this will greatly determine where 30 year fixed mortgage rates are headed. Since 1971 the 10 year treasury rate yield on the 30 year fixed mortgage have had a very strong correlation and that is likely not going to change in the near future.
With this in mind it may be a wise choice to keep an eye on the 10 year treasury rate yield before going into any type of refinance process. This could help individuals save a significant amount of time and money as they will know the overall direction of interest rates.
It may also be a very wise choice to take advantage of the free resources offered by the federal government. By accessing the HUD website and the FTC website individuals will likely find many free resources that can help them better understand how to negotiate lower costs and fees or save money with lower interest rates.
Author: Alan Lake
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