Today’s Lowest Mortgage Refinance Interest Rates Online – Average 30 Year Quotes Dip Below 4.25% on September 22
Posted on | September 22, 2011 | Comments Off
With the 10 year treasury rate yield now at the lowest levels in the history of the United States housing market it comes as no surprise to see many people seeking today’s lowest mortgage refinance interest rates online. To find the lowest average 30 year home loan rates it is important to recognize that individuals will need a very good credit score.
On September 22, 2011 we are seeing 30 year fixed home loans well below 4.25% as the 10 year treasury rate yields dipped below 1.8%. Over the next few weeks it will be very interesting to see if the 10 year yield continues to plummet the new all-time lows. Luckily, there are many free resources online that should help Americans when it comes to refinancing home loan and saving money.
By accessing the HUD website most will find that there are many free resources and articles that can help them better understand how to go to the refinance process and save the most money. By doing this extensive research individuals will likely recognize that negotiating lower costs and fees will likely be available to those who have a good financial history.
Having a credit score above 740 and the debt to income ratio under 40% will greatly help individuals negotiate lower interest rates. Unfortunately, many Americans continue to make bad financial decisions which makes it nearly impossible to lock in the lowest rates in September of 2011.
It would also be wise to pay down high interest-rate debt such as unsecured personal loans or credit cards before going into any type of major loan process. It is nearly impossible to get the lowest mortgage refinance interest rates if the debt to income ratio is well above 40%. Addressing this issue will likely help individuals save in every aspect of their borrowing life.
Author: Jeremy North
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