The flurry of bad economic news which capped off last week has not yet affected the low mortgage rates being offered at Total Mortgage Services, LLC to this point.
The 30-year fixed conventional, 30-year FHA, 30-year jumbo and 5/1 ARM mortgage rates are all still listed at their lowest levels of 2010 at Total Mortgage.
Bond prices rose significantly Friday in response to the disappointing jobs data which sank stocks to their lowest levels since February. Additionally, the Euro fell below 1.20 versus the dollar, its lowest point in four years, as debt concerns in Europe remained.
Also of note, G-20 Finance ministers met over the weekend and the talks highlighted the need for governments to reduce their spending with so many pressures weighing on worldwide economies.
As for mortgages, the 30-year fixed conventional mortgage rate at Total Mortgage is currently at a 4.375 percent rate and 4.583 percent APR, and the 30-year FHA is being offered at a 4.250 percent rate and 5.178 percent APR. Other mortgage rates at Total Mortgage include the 30-year jumbo is listed at 5.250 percent rate and 5.463 percent APR, and the 5/1 ARM at a 3.500 percent APR and 3.265 percent APR.
Current mortgage rates are listed continuously at the Total Mortgage website, and daily mortgage news and analysis is available at the Total Mortgage blog.
At 9:30 a.m. on June 7, 2010, the following 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 | 5.250% | 5.463% |
| 15-Year Fixed Jumbo Mortgage | 4.000% | 4.352% |
| 5/1 ARM Conforming Mortgage | 3.125% | 3.547% |
| 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 complete offering 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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