Home Mortgage Refinance Loan Rates – Interest Rates Quoted Under 5% at BB&T ... - Subprime Blogger (blog)

Posted on | May 26, 2011 | Comments Off

Over the last few weeks we have seen the 10 year treasury rate yield dip all the way to 3.1% which in turn has pushed 30 year fixed mortgage rates under 4.5%.  Many borrowers are seeking home mortgage refinance loan rates near historic lows as it allows them to save hundreds on a monthly mortgage payment.

Before going into any loan process it is important to remember that not everyone will qualify for the low interest rates being quoted.  Capital One Bank, BB&T and HSBC are all quoting 30 year fixed interest rates under 5% but it takes a very impressive credit score and a low debt to income ratio to have any chance to lock in to these low rates.

With over 7000 FDIC insured financial institutions throughout the country it should not be overly difficult to find a bank that is willing to help.  Almost every bank in American has some type of live chat or email answering service that should help Americans much better understand their options in May of 2011.

Rather than having to wait days and possibly even weeks for a return phone call it is now the case that customers can receive answers in a matter of seconds.  This can save a significant amount of time and money when going through the research process.  There are also many bank rating websites that should help customers pick out the banks that are right for them.

As we get closer to the summer of 2011 there is a very good chance that we could see 30 year fixed mortgage rates move higher.  If the overall economy gets better and the unemployment rate drops well below 8% then most analysts feel that we will see mortgage rates move up through 5% and possibly towards 6%.

Author: Jeremy North

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Home Mortgage Refinance Loan Rates – May 25 Fifth Third Bank, HSBC and Capital ... - Subprime Blogger (blog)

Over the last week we have seen 30 year fixed mortgage rates drop to new 2011 lows as most regional and national banks are reporting 30 year fixed rates around 4.4%. When looking for the lowest home mortgage refinance loan rates on May 25 and will likely be the case that homeowners have an amazing opportunity to save money if they have made strong financial decisions in the recent past.

Some of the most popular national banks that are offering extremely low interest rates include Fifth Third Bank, HSBC and Capital One Bank. It is very important to remember that there are over 7000 FDIC insured financial institutions throughout the country so there are many opportunities at the local, regional and national level.

As we get closer to the summer of 2011 there’s a strong possibility that we could see interest rates start to move higher due to the fact that the economy is improving. For quite some time analysts have predicted that the overall economy is going to get much better which could push interest rates higher but this has yet to happen in 2011.

But the unemployment rate drops well below 8% and the economy continues to improve with the stock market reaching multi-year highs each and every month than there is a strong possibility that 30 year fixed mortgage rates could accelerate through 5%. With that being said we have recently seen the unemployment rate tick up from 8.8% to 9%.

If individuals are looking to save money by refinancing it would be advisable to start research today to better understand what options are available. By continuing to wait and hope that interest rates drop some Americans could miss out on an opportunity to save hundreds and possibly even thousands of View the original article here