Yesterday, Treasury bond prices fell while there was reasonable demand following the 10-year auction. The Treasury will hold a 30-year bonds auction today, but more importantly, investors are continuing to focus on the economic activities in Europe while analyzing the impact it may have on the U.S. economy.
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 11 a.m. on May 13, 2010, the following rates are available at Total Mortgage:
30-Year Fixed Conventional 4.500% Rate, 4.710% APR
15-Year Fixed Conventional 4.000% Rate, 4.363% 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 today:
Mortgage Rates and the Chinese Real Estate Bubble
States to Pay Off Mortgage Liens for Troubled Homeowners
* 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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