Current Mortgage Rates for Monday, September 12, 2011

By on September 12, 2011

Once again, mortgage rates are at record lows.  We are known for having some of the best service and mortgage rates that you will find anywhere and we want to be your mortgage partner.  If you are thinking about refinancing or purchasing a new home, now is the time to lock in the lowest rates in our lifetimes.  To find out more about our rates and products, call us today at 877-868-2503.  Start saving money now.

On this day in 1984, Dwight Gooden set the major league rookie strikeout record.

Today’s Links:

Reuters: Jamie Dimon thinks that the Basel III capital requirements are “Un-American“.

Clear Capital: Once again, home prices are showing signs of deterioration.

NY Times: Fresh Worries About Europe Shake Global Stock Markets.

LA Times: Notably absent from Obama’s $447 economic plan: anything to help homeowners.

NY Times: Clawbacks Without Claws.

Felix Salmon: The euro crisis comes to a head.

Some of Our Rates and Products:

***Mortgage rates fluctuate frequently.  The below rates were quoted at 1:10 P.M., on September 12, 2011.  Call 877-868-2503 for more details.***

Mortgage Product Mortgage Rates APR
30 Year Fixed Conventional Mortgage 3.750% 3.901%
15 Year Fixed Conventional Mortgage 3.125% 3.391%
30 Year Fixed FHA Mortgage 3.750% 5.092%
30 Year Fixed Jumbo Mortgage 4.875% 4.992%
5/1 Conforming ARM Mortgage 2.500% 2.951%
5/1 Jumbo ARM Mortgage 2.750% 3.038%

* All rates shown are for 30 day rate locks. Longer locks are available. The APR for conventional loan amounts is calculated using a loan amount of $417,000, 1 point, a $495 application fee, $400 appraisal 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, $400 appraisal 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, $450 appraisal 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 with 720 or higher FICO and 80 LTV and are subject to mortgage approval with full documentation of income. All rates are subject to change without notice.  All rates shown are for 30 day rate locks with 1 point unless otherwise noted.

Total Mortgage consistently offers some of the lowest current mortgage rates, jumbo mortgage rates, and fha mortgage rates in the country.

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Filed under Mortgage Rates
Tags: adjustable rate mortgage, FHA mortgage, fixed rate mortgage, Jumbo Mortgage, Mortgage, Mortgage Rates, Total Mortgage
    Clear Capital, mortgage rate history 09/12/2011

For an exact mortgage rate quote and a free purchase mortgage pre-approval from Total Mortgage - a licensed mortgage lender and mortgage broker, complete a free rate quote request now!.

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