Mortgage rates available at Total Mortgage Services are currently amongst the lowest interest rates in the country. Total Mortgage offers a wide variety of home loans including jumbo, super jumbo, conventional, conforming and many more,
A 30 year fixed conventional mortgage currently has a 4.125 percent mortgage rate and a 4.323 percent APR. A 30 year fixed FHA mortgage has a slightly lower mortgage rate of 4.000 percent and a 5.178 percent APR.
For borrowers who are seeking a larger loan you might want to consider a jumbo mortgage. A 30 year fixed jumbo mortgage is available with a 5.000 percent mortgage rate and a 5.203 percent APR. A 15 year fixed jumbo mortgage has a 4.000 percent mortgage rate and a 4.349 percent APR.
A jumbo adjustable rate mortgage (ARM) is also a great option for mortgages with larger principals. A 5/1 jumbo ARM currently has a 3.625 percent mortgage rate and a 3.657 percent APR. A 5/1 conforming ARM has a 3.000 percent mortgage rate and a 3.481 percent APR. There was good news today in the housing market, as new home sales in June 2010 increased 24 percent from May.
Mortgage rates fluctuate daily and often multiple times throughout the day. All mortgage rates were quoted at 4:30 p.m. on July 26, 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 | 5.000% | 5.203% |
| 15 Year Fixed Jumbo | 4.000% | 4.349% |
| 5/1 Conforming ARM | 3.000% | 3.481% |
| 5/1 Jumbo ARM | 3.625% | 3.657% |
For more information on all the current mortgage rates available at Total Mortgage call 877-868-2503 to speak with a licensed mortgage professional.
*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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