On Wednesday the Mortgage Bankers Association (MBA) released the results of its mortgage applications survey. The survey said that mortgage activity as a whole increased by 6.7 percent, but refinance activity went up by 9.2 percent. The spike in refinance activity can almost solely be attributed to the all-time low mortgage refinance rates available.
Total Mortgage Services is offering almost all time low current mortgage refinance rates not only in Connecticut but also across the nation. With a variety of programs including fixed rate mortgages and adjustable rate mortgages (ARM) Total Mortgage has been receiving an overwhelming amount of refinance applications in the past couple of weeks. Don’t miss out on this refinancing opportunity.
A 30-Year Fixed Conventional Mortgage is available in Connecticut with a 4.125% rate and 4.323% APR. Total Mortgage also offers FHA mortgages in Connecticut; a 30-Year Fixed FHA Mortgage has a 4.000% rate and a 5.178% APR.
While many people refinance into fixed rate mortgages some choose to refinance into an ARM. Total Mortgage’s has some of the best refinance mortgage rates available on ARM’s in Connecticut. A 5/1 ARM Conforming Mortgage is available with a 3.000% rate and a 3.481% APR. Jumbo ARM’s are also available; a 5/1 ARM Jumbo Mortgage has a 3.625% rate and a 3.657% APR.
All of the low rates currently available in Connecticut and across the United States make it a great time to consider refinancing.
Total Mortgage’s rates are constantly fluctuating. All rates were quoted at 9:30 a.m. on July 9, 2010.
| Mortgage Product |
Mortgage Rates |
APR |
| 30-Year Fixed FHA Mortgage |
4.000% |
5.178% |
| 30-Year Fixed Conventional Mortgage |
4.125% |
4.323% |
| 5/1 ARM Conforming Mortgage |
3.000% |
3.481% |
| 5/1 ARM Jumbo Mortgage |
3.625% |
3.657% |
For a complete list of the mortgage rates in Connecticut and mortgage products available in Connecticut check us out online or call 877-868-2509 to speak to one of our licensed mortgage professionals immediately.
* 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.
*All rates are posted with borrowers paying 2 points unless otherwise noted.
Coming off of a huge economic day yesterday, Total Mortgage Services is posting some of the lowest mortgage rates in the nation. Total Mortgage offers an array of mortgage products that will fit all of your needs, regardless of whether you are refinancing a mortgage or buying a new home.
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