Mortgage rates at Total Mortgage are still near their lowest points of the year. Total Mortgage is licensed in over 20 states nationwide, and has some of the most affordable fixed and adjustable rate mortgages (ARM) in all of them.
A 30 year fixed conventional mortgage is available with a 4.125% rate and a 4.323% APR. The mortgage rate for a 30 year fixed FHA mortgage is 4.000% and has a 5.178% APR. A 30 year fixed jumbo mortgage is currently being offered with a 5.000% mortgage rates and a 5.203% APR.
Total Mortgage also has some of the best mortgage rates for ARM’s as well. A 5/1 conforming ARM is available with a low mortgage rate of 3.000% and an APR of 3.481%. Total Mortgage also has great 5/1 jumbo ARM’s available with a 3.625% rate and a 3.657% APR. For a free rate quote fill out this form and a licensed mortgage expert will get back to immediately.
In other news the NAHB/Wells Fargo Housing Market Index was released today. The index showed that home-builder confidence has fallen to 14, its lowest level since April 2009. A reading below 50 indicates that builders view conditions in the housing market as less than good.
Note: Mortgage rates are constantly fluctuating; all rates were quoted at 1:00 p.m. on July 19, 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% |
| 5/1 Conforming ARM | 3.000% | 3.481% |
| 5/1 Jumbo ARM | 3.625% | 3.657% |
For more information on our current mortgage rates and mortgage products check us out online or call 877-868-2503.
*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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