Total Mortgage is currently posting some of the lowest mortgage rates in the industry. With some of the lowest mortgage rates on record Total Mortgage will build a mortgage that fits you financial needs.
Conventional mortgages are some of the most secure mortgages at this point in time. A 30 year fixed conventional mortgage is currently available at Total Mortgage with a 4.125 percent mortgage rate and a 4.323 percent APR. Tougher lending standards may make an FHA mortgage more suitable for many borrowers. FHA mortgages have lesser lending standards, making it easier for borrowers to qualify for home loans. A 30 year fixed FHA mortgage is being offered with a 4.000 percent mortgage rate and a 5.178 percent APR.
Jumbo mortgage rates are great for borrower’s who are taking out a larger loan. A 30 year fixed jumbo mortgage currently has a 4.875 percent mortgage rate and a 5.098 percent APR. A 15 year fixed jumbo mortgage has a 4.000 percent mortgage rate and a 4.349 percent APR.
Adjustable mortgage rates (ARM) are popular because they offer low initial mortgage rates. A 5/1 conforming ARM has a 2.875 percent mortgage rate and a 2.638 percent APR. 5/1 jumbo ARM’s are currently being offered with a 3.625 percent mortgage rate and a 3.657 percent APR.
All of these mortgages are great for your refinance or buying needs. Mortgage rates are changing constantly; all rates were quoted at 9:45 a.m. on August 6, 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 | 4.875% | 5.098% |
| 15 Year Fixed Jumbo | 4.000% | 4.349% |
| 5/1 Conforming ARM | 2.875% | 2.638% |
| 5/1 Jumbo ARM | 3.625% | 3.657% |
For more information on Total Mortgage’s current mortgage rates and mortgages products call 877-868-2503 to speak with a licensed mortgage professional today.
*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.
Loading ...
RSS feed for comments on this post.
Leave a comment