Yesterday’s economic calendar was light, and it looks to be more of the same today, although there is a 10-year Treasury bond auction this afternoon worth keeping an eye on. Bond prices were mixed yesterday, but in general, stocks fell slightly.
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 10:15 a.m. on May 10, 2010, the following mortgage rates are listed at Total Mortgage:
30-Year Fixed Conventional 4.500% Rate, 4.710% APR
30-Year FHA 4.375% Rate, 5.300% 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.
* 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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