If you’re looking for some of the best mortgage rates available anywhere, look no further. Rates are down significantly at Total Mortgage, and we may be able to save you a lot of money on your home purchase or mortgage refinancing. We cater to both first time home buyers and long time homeowners while offering a wide array of products suited for almost any situation. Since we were founded in 1997 we have helped thousands of people turn their dreams of homeownership into reality. For up to the minute rate information, call 877-868-2503 for a free consultation with one of our licensed mortgage professionals today. Find out what sets Total Mortgage apart from the rest.
On this day in 1775 the Battle of Bunker Hill occurred. Interestingly, the fight mostly occurred on Breed's Hill.
Today’s Links:
The 15 housing markets that will fall the most by 2012.
The NAR thinks declining home prices could reflect sentiment that the market is about to double dip.
Foreclosures are down, but will they stay down?
TBTF banks could be in line for billions more in mortgage losses.
Wells-Fargo is out of the reverse mortgage game.
Our Rates and Products:
Fixed rate mortgages are great for people who want to have consistent principal and interest payments for years to come. 30 year fixed rate mortgages are available today for qualified borrowers starting at the rate of 4.250% with an APR of 4.365%. 15 year fixed rate mortgages are going at a rate of 3.500% with an APR of 3.700%.
Adjustable rate mortgages are very attractive right now, and could offer thousands in savings for those who only intend to own their home for the short term. 5/1 ARMs are available at a rate of 2.750% and an APR of 2.595%.
The rates on jumbo mortgages are lower now than they have been for quite some time. 30 year fixed rate jumbo mortgages start at 5.125% with an APR of 5.228%. A 5/1 Jumbo ARM starts at 2.750% with and APR of 2.595%.
FHA mortgages are great for those with good credit but without a lot of money for a down payment because these loan only require a 3.5 percent down payment. 30 year fixed FHA mortgages are available at a rate of 4.250% with a 5.563% APR. Minimum down payments start at just 3.5%.
***Mortgage rates are always changing. All rates were quoted at 1:11 P.M., on June 17, 2011.***
| Mortgage Product | Mortgage Rates | APR |
|---|---|---|
| 30 Year Fixed Conventional Mortgage | 4.250% | 4.365% |
| 15 Year Fixed Conventional Mortgage | 3.500% | 3.700% |
| 30 Year Fixed FHA Mortgage | 4.250% | 5.563% |
| 30 Year Fixed Jumbo Mortgage | 5.125% | 5.228% |
| 5/1 Conforming ARM Mortgage | 2.750% | 2.595% |
| 5/1 Jumbo ARM Mortgage | 2.875% | 2.797% |
* All rates shown are for 30 day rate locks. Longer locks are available. The APR for conventional loan amounts is calculated using a loan amount of $417,000, 1 point, a $495 application fee, $400 appraisal 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, $400 appraisal 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, $450 appraisal 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 with 720 or higher FICO and 80 LTV and are subject to mortgage approval with full documentation of income. All rates are subject to change without notice. All rates shown are for 30 day rate locks with 1 point unless otherwise noted.
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