The market proved to be volatile Thursday, but bond prices closed up. While mortgage rates remain extremely low – and may even inch lower today – the financial reform bill continues to progress on the floor of the Senate.
Current mortgage rates are updated continuously on Total Mortgage’s website, in addition to daily insight and perspective on mortgage industry news and trends.
As of 9:30 a.m. on May 14, 2010, the following rates are available at Total Mortgage:
30-Year Fixed Conventional 4.375% Rate, 4.583% APR
30-Year FHA 4.250% Rate, 5.178% APR
30-Year Fixed Jumbo 5.125% Rate, 5.336% APR
5/1 ARM Conforming Mortgage 3.000% Rate, 3.367% APR
For a complete listing of rates and mortgage products visit TotalMortgage.com.
Also in the News:
Federal Reserve Vice Chairman Weighs in on Interest Rates
Senate Votes To Outlaw Deceptive and Predatory Lending Practices
HUD Unveils New Plan For Sustainable, Affordable Housing
* 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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