Despite record low mortgage rates listed at the end of last week activity throughout the mortgage industry is still slow-moving. Mortgage rates available at Total Mortgage Services, LLC are still available at near record lows.
30 Year Fixed Conventional mortgages are currently being listed with a low rate of 4.375% rate and a 4.581% APR. A 15 Year Fixed Jumbo mortgage is available at a rate of 4.000% and a 4.349% APR.
In addition to these fixed rates Total Mortgage also has low adjustable rate mortgages (ARM) available. 1/1 ARM Conforming mortgages are listed at 3.350% with a 4.078% APR and a 5/1 ARM Jumbo mortgage is available with a 3.500% rate and a 3.250% APR.
Despite these low rates, refinancing is still quite difficult for borrowers who are behind on mortgage payments are finding it hard to take advantage of these low rates. Recently, the Mortgage Bankers Association reported that there has been a decline in mortgage applications as well as a decline in refinancing activity.
Mortgage rates are constantly changing. All rates listed were quoted at 10:30 a.m. (EST) on June 28, 2010.
| Loan Type | Rate | APR |
|---|---|---|
| 30-Year Fixed Conventional | 4.375% | 4.581% |
| 15-Year Fixed Jumbo Mortgage |
4.000% | 4.349% |
| 1/1 ARM Conforming Mortgage (0 Points) |
3.350% | 4.078% |
| 5/1 ARM Jumbo Mortgage |
3.500% | 3.250% |
*All mortgage rates are shown for 30 day rate locks with 2 points unless otherwise noted.
For additional rates and a complete list of Total Mortgage’s mortgage products, please visit our mortgage rates page.
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