Total Mortgage Services is currently posting some of the lowest mortgage rates in the country. Amongst the mortgages being offered are conventional loans, jumbo mortgages, FHA-backed home loans, conforming loans, and much more.
A 30 year fixed conventional mortgage is currently available with a 4.125% mortgage rate and a 4.323% APR. This type of mortgage will allow borrowers to have low monthly payments every month. A 15 year fixed conventional mortgage may have higher monthly payments but has a lower mortgage rate. The current mortgage rate for a 15 year fixed conventional mortgage is 3.625% with a 3.972% APR.
Total Mortgage has some of the most affordable jumbo mortgages in the country. A 30 year fixed jumbo mortgage has a 5.000% mortgage rate and a 5.203% APR. A 15 year fixed rate jumbo mortgage is currently available with a 4.000% mortgage rate and a 4.349% APR.
For many borrower’s an adjustable rate mortgage (ARM) may be a more viable option than a fixed rate mortgage. A 5/1 conforming ARM is available with a 3.000% mortgage rate and a 3.481% APR. A 5/1 jumbo ARM is currently being offered with a 3.625% mortgage rate and a 3.657% APR.
Mortgage rates fluctuate daily and often multiple times throughout the day. All mortgage rates were quoted at 9:30 a.m. on July 23, 2010.
| Mortgage Product | Mortgage Rates | APR |
|---|---|---|
| 30 Year Fixed Conventional | 4.125% | 4.323% |
| 15 Year Fixed Conventional | 3.625% | 3.972% |
| 30 Year Fixed Jumbo | 5.000% | 5.203% |
| 15 Year Fixed Jumbo | 4.000% | 4.349% |
| 5/1 Conforming ARM | 3.000% | 3.481% |
| 5/1 Jumbo ARM | 3.625% | 3.657% |
For more information on all of Total Mortgage’s 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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