Compare Mortgage Interest Rates Today – Fixed Bank of America, Wells Fargo and PNC VA and FHA Home Loans Still Low
Posted on | September 13, 2011 | Comments Off
For quite some time we have seen the 30 year fixed mortgage rate below 5% which is allowed individuals to save quite a bit of extra cash. Many hard-working individuals are looking to compare mortgage interest rates today in hopes of finding the lowest refinance rates to lower a monthly mortgage payment.
Some of these individuals will likely seek fixed Bank of America, Wells Fargo and PNC VA and FHA home loan rates at the present time. It is important to note that many major mortgage lenders are reporting that FHA home loan interest rates are coming in very close to conventional interest rates.
With this in mind it could be the case that many individuals have an opportunity to lock in the interest rates below 5% on a 30 year mortgage. It is important to recognize that only the best borrowers of money have any opportunity to walk into the lowest rates in September of 2011. By having a credit score above 740 and the debt to income well below 40% individuals will find that they have great negotiating power when it comes to lock in low rates today.
While Bank of America, Wells Fargo and PNC Bank or three of the largest financial institutions in the country it is very important to recognize that there are many options available. In fact, the FDIC currently insures over 7000 financial institutions and many of these have home loan products that will allow individuals to save money by completing the refinance process.
When making any major financial decision in one’s life that is always a good idea to step back and look at the options. With many mortgage lenders competing for business at the present time there are opportunities to save money but it generally takes a very good financial history to have opportunities at these low rates.
Author: Alan Lake
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