Lowest Mortgage Rates in Pennsylvania

Happy Friday everyone! Before we all retreat to a beautiful weekend ahead, did you know that Total Mortgage Services has some of the lowest mortgage rates in Pennsylvania. Total Mortgage is here to meet your mortgage needs by offering different mortgage products such as conventional mortgages, FHA mortgages, adjustable-rate-mortgages, and jumbo mortgages.

Currently Total Mortgage is offering a low 30 year fixed conventional mortgage rate of 4.125 percent with 4.232% APR. Other fixed conventional mortgages are 20 year fixed mortgages and 15 year fixed mortgages with a rate of 4.125 percent (4.273% APR) and 3.625 percent (3.972% APR) respectively. Fixed mortgage rate does not change their interest rate for the life of the loan, so if your plan to stay in the same house for a longer time, fixed mortgage rate is possibly the best choice for you.

ARM, adjustable rate mortgage are apt for those who plan to stay at a place for a shorter time, as ARM offers a low initial mortgage rate for the first several years, and become variable for the remaining of the loan term. A 5/1 ARM conforming mortgage currently has 2.85% rate with 2.638% APR. A 5/1 ARM jumbo mortgage has 3.625% rate with 3.657% APR.

Borrowers with larger loans may require jumbo mortgages. Currently a 30 year fixed jumbo mortgage is available for 4.875% mortgage rate with 5.098% APR. A 15 year fixed jumbo mortgage is available for 4.00% mortgage rate with 4.349% APR.

Mortgage rates are changing constantly; all rates are quoted at 11:04 a.m. only August 27, 2010.

For more information on all of the mortgage products available in Pennsylvania call 877-868-2503 to speak with a licensed mortgage expert immediately.

*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.