All time low mortgage rates 
 
How low can they go?
El Paso Texas mortgage brokers are getting 3.95% and lower for  Fort Bliss home buyers.  This is particularly important for all the military buyers transferring to El  Paso Texas as a result of BRAC, 1st AD, soldiers returning from Iraq and the possible selection for a new security forces regional training center.  
 
Fixed mortgage rates dropped again to a record  low.  The national average rate on the 15-year fixed mortgage fell to 3.21% from  3.27%. The average rate on the 30-year fixed loan has been below 5% for  all but two weeks in the past year, and many homeowners who can afford to  refinance already have.  For El Paso Preferred VA Lenders contact RE/MAX  in El Paso, Texas.

 
Today’s rates  with Tri State Mortgage
 
VA  4.00% for 30 yrs  (4.30 APR) and 3.50% for 15 yrs. (3.97 APR) 
 
FHA  4.125% for 30 yrs  (APR 5.1%) 
 
Conventional rate  for a credit score of >720 for 30 yrs is 4.375% (5.2
APR)

 
 
Because local lenders are offering such low interest rates, your monthly mortgage payment with a local El Paso Mortgage company could be lower than your rent. Here is a schedule of suggested mortgage amounts and estimated monthly payments: