Mortgage rates are still sitting near record lows and Total Mortgage Service’s current mortgage rates are amongst the lowest in the industry. Total Mortgage’s mid afternoon rates present a great opportunity for potential home buyers and for homeowners looking to refinance.
Currently the 30 Year Fixed Conventional mortgage is being offered at a 4.375% rate with a 4.581% APR. 30 Year Fixed FHA mortgages are available at a 4.250% rate with a 5.244% APR.
In addition to these, 30 Year Fixed Jumbo mortgages are available at a 5.250% rate with a 5.461% APR and 5/1 ARM Conforming Mortgages are available with a 3.000% rate and a 3.480% APR.
In the last week mortgage rates have fallen to the lowest levels since 1971. Unfortunately these low rates have not triggered an increase in mortgage applications. Across the country mortgage application volume has gone down by 6 percent, according to the Mortgage Banks Association. Coinciding with this has been a 7 percent decrease in refinance applications.
As of 2:30 p.m. (EST) on June 24, 2010 the following mortgage rates are available at Total Mortgage Services:
| Loan Type | Rate | APR |
|---|---|---|
| 30-Year Fixed Conventional | 4.375% | 4.581% |
| 20-Year Fixed Conventional | 4.250% | 4.532% |
| 15-Year Fixed Conventional | 3.875% | 4.233% |
| 30-Year Fixed FHA | 4.250% | 5.244% |
| 30-Year Fixed Jumbo Mortgage | 5.250% | 5.461% |
| 15-Year Fixed Jumbo Mortgage | 4.000% | 4.349% |
| 5/1 ARM Conforming Mortgage | 3.000% | 3.480% |
| 5/1 ARM Jumbo Mortgage | 3.500% | 3.250% |
| 1/1 ARM Conforming Mortgage (0 Points) | 3.350% | 4.078% |
| 1/1 ARM Jumbo Mortgage (0 Points) | 3.350% | 3.957% |
For a complete listing of additional rates and mortgage products visits TotalMortgage.com
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