Extremely low mortgage rates are still available at Total Mortgage Services, LLC Thursday, as they continue to be offered at near-historic low levels.
The 30-year fixed conventional mortgage is at a 4.375 percent rate and 4.583 percent APR. Additionally, the 30-year fixed jumbo mortgage is currently seeing a 5.125 percent rate and 5.336 percent APR, and the 30-year FHA is down at a 4.250 percent rate and 5.178 percent APR.
On the financial front yesterday there was some decent economic data, as some signs of stability in Europe put pressure on bond prices, bumping yields upward by 3-6 bp across the curve. Also, new home sales were up to their largest point in two years, due largely to the first-time home buyer tax credit which expired at the end of last month.
In other news, the five-year Treasury note auction found moderate demand and the first-quarter GDP growth estimate was lowered from 3.2 percent to 3.0 percent. Weekly jobless claims dropped slightly but were still elevated, and durable goods orders unexpectedly tailed off.
Current mortgage rates are updated regularly at TotalMortgage.com, in addition to daily analysis on mortgage industry happenings and other economic news which the website offers.
At 9:15 am on May 27, 2010, these mortgage rates were being offered at Total Mortgage:
| Loan Type | Rate | APR |
|---|---|---|
| 30-Year Fixed Conventional | 4.375% | 4.583% |
| 20-Year Fixed Conventional | 4.250% | 4.535% |
| 15-Year Fixed Conventional | 3.875% | 4.236% |
| 30-Year Fixed FHA | 4.250% | 5.178% |
| 30-Year Fixed Jumbo Mortgage | 5.125% | 5.336% |
| 15-Year Fixed Jumbo Mortgage | 4.000% | 4.352% |
| 5/1 ARM Conforming Mortgage | 2.875% | 3.323% |
| 5/1 ARM Jumbo Mortgage | 3.500% | 3.265% |
| 1/1 ARM Conforming Mortgage (0 Points) | 3.150% | 3.922% |
| 1/1 ARM Jumbo Mortgage (0 Points) | 3.150% | 3.794% |
For a full list of mortgage rates and mortgage products visit TotalMortgage.com for additional information.
* 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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