ThisCloud.net

Posted on | July 14, 2010 | Comments Off

Today’s lowest FHA mortgage rates are coming in very close to conventional mortgage rates as being quoted by the big banks of Bank of America, Chase, Citi and Wachovia.  It is very important to remember that Wachovia was purchased by Wells Fargo which happens to be one of the big four banks in America at the present time.

We are currently seeing 30 year fixed mortgage rates around 4.5% for well-qualified borrowers. With FHA rate than conventional mortgage rates coming in very close it should come as no surprise to see many Americans locking into FHA rates around this level.

while the big four banks offer FHA mortgage options it is important to understand that they are not the only option available. By doing your research online you will likely find that there are many mortgage lenders in your area that can help lock in to today’s lowest FHA mortgage rates.

Before making any final decision on a mortgage lender is always wise to exhaust your resources and research. With the advancements in technology and is much easier to do research on banks and lending institutions as there are many consumer review websites.

Author: Mike Garner