15 Year Fixed Mortgage Rate Available at a Low 3.875% Interest Rate

According to Freddie Mac, mortgage rates remained mostly unchanged for the week ending March 10, 2011, in its latest Market Survey released yesterday. The interest rate for 30 year fixed rate mortgages averaged 4.88 percent and 15 year fixed rate mortgages averaged 4.15 percent.

Mortgage rates posted at Total Mortgage are considerably lower than the national average. If you are considering refinancing your existing mortgage loan or considering purchasing a house, wait no longer. Take this great opportunity to save and lock in the low rates before they disappear.

Fixed rate mortgages are one of the most accepted home mortgage loans is the United States. Borrowers like fixed rate mortgages for their worry free feature of rates staying the same for the life of the loan and low monthly mortgage payments. The longer the term of the loan, the lower the monthly payments can be. Similarly, the shorter the term of the loan, the lower the mortgage rate. However, the monthly mortgage payment will be higher.

Currently at Total Mortgage, 30 year fixed rate mortgages are available at a 4.625% rate with 4.746% APR. A 20 year fixed rate mortgage is posted at a 4.375% mortgage rate and 4.539% APR and a 15 year fixed rate mortgage is available at a low 3.875% interest rate and 4.081% APR

Total Mortgage also has a variety of other mortgage products such as adjustable rate mortgages, FHA mortgages and jumbo mortgages available at some of the most competitive rates available.

For more information on our fixed rate mortgages and our current mortgage rates, please visit us online or call us at 877-868-2503 to speak with one of our mortgage experts.

Mortgage rates are always changing. All rates were quoted at 2:30 P.M., on March 11, 2011.

*All rates shown are for 30 day rate locks. Longer locks available. The APR for conventional loan amounts is calculated using a loan amount of $417,000, 2 points, a $495 application fee, $500 loan processing fee, $715 underwriting fee and a $16 flood certification fee. The APR for jumbo loan amounts is calculated using a loan amount of $500,000, two points, a $495 application fee, $500 loan processing fee, $715 underwriting fee and a $16 flood certification fee. The APR for FHA loan amounts is calculated using a loan amount of $295,000, two points, a $495 application fee, $500 loan processing fee, $715 underwriting fee and a $16 flood certification fee. Some rates and fees may vary by state. All interest rates listed are for qualified applicants and are subject to mortgage approval. All rates are subject to change without notice.