Mortgage rates set record lows nearly every day this week, and are likely to maintain them today barring some sort of major news to move the markets. If you plan to refinance your current mortgage or purchase a new home, now is the time to lock in a low mortgage rate. While I don’t foresee rates spiking any time in the near future, it is entirely possible that they could gradually rise due to normal market fluctuations. There is limited upside in waiting to see if rates drift lower, but a lot of downside if they do rise. Our home loan pre-approval process takes just minutes over the phone. Start saving on your home payments and call us today at 877-868-2503.
Some of Our Rates and Products*:
| Mortgage Product | Mortgage Rates | APR |
|---|---|---|
| 30 Year Fixed Conventional Mortgage | 3.990% | 4.143% |
| 15 Year Fixed Conventional Mortgage | 3.250% | 3.517% |
| 30 Year Fixed FHA Mortgage | 3.750% | 5.092% |
| 30 Year Fixed Jumbo Mortgage | 4.875% | 4.992% |
| 5/1 Conforming ARM Mortgage | 2.500% | 2.951% |
| 5/1 Jumbo ARM Mortgage | 2.750% | 3.038% |
***Mortgage are always changing. The below rates were quoted at 1:05 P.M., on September 23, 2011. Call 877-868-2503 for more details.***
More info and links after the jump.
Today’s Links:
Washington Post: “Risk-free” bonds helped fuel European debt crisis.
MSN Money: The recession never ended.
Washington Post: Banks are set to meet with state and federal officials about the foreclosure deal.
Las Vegas Journal Review: Wells Fargo accused of forging loan documents.
Reuters: A Greek default seems increasingly likely. This morning the yield on Greek one year bonds was 134%.
* All rates shown are for 30 day rate locks. Longer locks are available. The APR for conventional loan amounts is calculated using a loan amount of $417,000, 1 point, a $495 application fee, $400 appraisal 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, $400 appraisal 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, $450 appraisal 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 with 720 or higher FICO and 80 LTV and are subject to mortgage approval with full documentation of income. All rates are subject to change without notice. All rates shown are for 30 day rate locks with 1 point unless otherwise noted.
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