If you are looking for mortgage rates in “the Ocean State” you will find that mortgage rates are still at historic lows. Many homeowners and home buyers are taking advantage of these low rates to refinance as well as to purchase new homes. If you are current homeowners looking for low fixed mortgage rates to refinance or first time home buyers in Providence, Barrington or Woonsocket and other surrounding towns in Rhode Island look no further. Total Mortgage has some of the lowest mortgage rates in RI and across the country.
Fixed rate mortgages are one of the most common mortgage loans in RI. With fixed rate mortgages, borrowers can enjoy their low mortgage rates for the life of the loan and need not worry when the rates go up. It is a good option for those who plan to stay for a longer time in the same house, as the loan amount is spread over the years lowering the monthly payments. A 30 year fixed rate mortgage is available at Total Mortgage at a low 4.000% and 4.201% APR and a 15 year fixed rate mortgage is available at 3.500% and 3.854% APR.
Other mortgage products such as the FHA mortgage, jumbo mortgage and adjustable rate mortgage (ARM) are also available to meet individual mortgage needs of borrowers in Rhode Island. A 30 year fixed FHA is available at 4.125% and 5.293% APR, a 15 year fixed jumbo mortgage is available at 4.000% and 4.349% APR, and a 5/1 ARM conforming mortgage is available at 2.750% and 2.637% APR.
For more information on mortgage rates in Rhode Island or the New England region, please call 877-868-2503 to speak with a licensed mortgage expert immediately!
Note: Mortgage interest rates are always changing. Rates in this post were quoted at 10:30 A.M., on September 24, 2010.
*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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JS Lee
September 26, 2010 @ 12:23 pm
The rates are really low. If you could qualify for refinance home mortgage, these rates warrant for a serious consideration.
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