Total Mortgage currently has some of the lowest mortgage rates available in the state of Connecticut. Regardless of whether you are refinancing or buying a home in Fairfield County, along the shoreline, or anywhere else in the state Total Mortgage will tailor a mortgage product to fit your financial needs.
A 30 year fixed conventional mortgage, one of the most popular mortgage products in Connecticut, is available at Total Mortgage with a 4.125 percent mortgage rate and a 4.323 percent APR. If you are considering a fixed conventional mortgage but want a loan with a shorter term you may want to consider a 20 or 15 year fixed conventional mortgage. For more information on these mortgage products check out Total Mortgage’s mortgage rates page.
Connecticut residents have also become fond of FHA and jumbo mortgages. FHA mortgages offer more lenient lending guidelines; a 30 year fixed FHA mortgage is currently being offered with a 4.000 percent mortgage rate and a 5.178 percent APR. A 30 year fixed jumbo mortgage, which is used for larger loans, has a 4.875 percent mortgage rate and a 5.098 percent APR.
Adjustable rate mortgages (ARM) are enticing because their initial mortgage rate is much lower than a conventional mortgage. A 5/1 conforming ARM at Total Mortgage has a 2.875 percent mortgage rate and a 2.638 percent APR. A 5/1 jumbo ARM has mortgage rate of 3.625 percent and a 3.657 percent APR.
Current mortgage rates are constantly fluctuating; all rates were quoted a 2:00 p.m. on August 6, 2010.
| Mortgage Product | Mortgage Rates | APR |
|---|---|---|
| 30 Year Fixed Conventional | 4.125% | 4.323% |
| 30 Year Fixed FHA | 4.000% | 5.178% |
| 30 Year Fixed Jumbo | 4.875% | 5.098% |
| 5/1 Conforming ARM | 2.875% | 2.638% |
| 5/1 Jumbo ARM | 3.625% | 3.657% |
For more information on all of the mortgage products offered at Total Mortgage call 877-868-2503 to speak with a mortgage expert today!
*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.
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