Yesterday, Treasury prices fell while stocks rose considerably, essentially reversing last week’s trend. Although there were no U.S. economic reports released yesterday, Federal Reserve Chairman Ben Bernanke is expected to provide the Senate with a closed-door briefing today on the Fed’s response to the economic trouble in Europe.
Total Mortgage Services, LLC is listing some of the lowest current rates on 20-year fixed-rate mortgages, FHA mortgages, jumbo mortgages and adjustable-rate mortgages.
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 11, 2010, the following mortgage rates are available at Total Mortgage:
20-Year Fixed Conventional 4.375% Rate, 4.662% APR
30-Year FHA 4.375% Rate, 5.300% APR
15-Year Fixed Jumbo 4.000% Rate, 4.352% 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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