For yet another day, mortgage rates continued to sit at record lows. Are you considering refinancing your mortgage? Have you been thinking about buying a new home and are waiting for the right time to pull the trigger? Now could be your opportunity. Right now we are seeing the lowest mortgage rates of our lifetimes, but there is no telling how long rates will maintain their current lows. With Total Mortgage you can become pre-approved for a mortgage in just minutes over the phone. Call one of our licensed loan officers today at 877-868-2503 to find out more about our rates and products. Significant savings could be just a phone call away.
On this day in 1835, Charles Darwin reached the Galapagos Islands aboard the HMS Beagle.
Today’s Links:
Department of Labor: Weekly unemployment claims rise 11,000 from the week prior to 428,000.
The Massachusetts Real Estate Law Blog: On the next big foreclosure court case in Massachusetts, Eaton v. Fannie Mae.
Washington Post: Euro banks face reckoning.
Housing Wire: Foreclosure starts spike in August. It was only a matter of time.
Bloomberg: UBS Had $2B Loss From Unauthorized Trading.
NY Times: Germany and France Back Greece on Austerity Effort.
AP: Mortgage default warnings surged in August.
Some of Our Rates and Products:
***Mortgage are always changing. The below rates were quoted at 1:00 P.M., on September 15, 2011. Call 877-868-2503 for more details.***
| Mortgage Product | Mortgage Rates | APR |
|---|---|---|
| 30 Year Fixed Conventional Mortgage | 3.990% | 4.143% |
| 15 Year Fixed Conventional Mortgage | 3.250% | 3.517% |
| 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.
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