Mortgage Rates & Trends: Mortgage Blog

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  1. Mortgage Rates – August 6, 2010

    By on August 6, 2010

    Mortgage Rates as of August 6thTotal Mortgage is currently posting some of the lowest mortgage rates in the industry. With some of the lowest mortgage rates on record Total Mortgage will build a mortgage that fits you financial needs.

    Conventional mortgages are some of the most secure mortgages at this point in time. A 30 year fixed conventional mortgage is currently available at Total Mortgage with a 4.125 percent mortgage rate and a 4.323 percent APR. Tougher lending standards may make an FHA mortgage more suitable for many borrowers. FHA mortgages have lesser lending standards, making it easier for borrowers to qualify for home loans. A 30 year fixed FHA mortgage is being offered with a 4.000 percent mortgage rate and a 5.178 percent APR. Continue Reading…

    Category: Mortgage Rates

  2. Low Mortgage Rates – July 30th, 2010

    By on July 30, 2010

    Low Mortgage Rates Available at Total MortgageMortgage rates at Total Mortgage are currently near the lowest levels ever recorded. Total Mortgage has a wide variety of mortgages including jumbo, FHA, conventional, and much more. All of these mortgage products have some of the lowest mortgage rates around.

    One of the more popular mortgage products at Total Mortgage is the 30 year fixed conventional mortgage. This mortgage has a mortgage rate of 4.125 percent and a 4.323 percent APR. Other popular conventional mortgages include a 20 year and 15 year fixed conventional mortgage. For more information on these mortgages check out our mortgage rates page. Continue Reading…

    Category: Mortgage Rates

  3. Mortgage Rates as of July 28th 2010

    By on July 28, 2010

    Take Advantage of Low Mortgage RatesAs of July 28th, 2010 Total Mortgage is offering some of the lowest mortgage rates in the mortgage industry. Total Mortgage offers an array of mortgage products, but one of the most popular products is the 30 year fixed conventional mortgage. 30 year mortgages are so popular because they offer significantly lower monthly payments than home loans with longer terms, like 15 and 20 year loans.

    The current mortgage rate for a 30 year fixed conventional mortgage is 4.125 percent and has a 4.323 percent APR.  A 15 year fixed conventional has a 3.625 percent mortgage rate (3.972 percent APR) and a 20 year has a 4.000 percent rate (4.273 percent APR). Continue Reading…

    Category: Mortgage Rates

  4. Mortgage Rates at Total Mortgage Amongst Lowest Around

    By on July 26, 2010

    Apply Now for Low Mortgage RatesMortgage rates available at Total Mortgage Services are currently amongst the lowest interest rates in the country. Total Mortgage offers a wide variety of home loans including jumbo, super jumbo, conventional, conforming and many more,

    A 30 year fixed conventional mortgage currently has a 4.125 percent mortgage rate and a 4.323 percent APR. A 30 year fixed FHA mortgage has a slightly lower mortgage rate of 4.000 percent and a 5.178 percent APR.

    For borrowers who are seeking a larger loan you might want to consider a jumbo mortgage. A 30 year fixed jumbo mortgage is available with a 5.000 percent mortgage rate and a 5.203 percent APR. A 15 year fixed jumbo mortgage has a 4.000 percent mortgage rate and a 4.349 percent APR. Continue Reading…

    Category: Mortgage Rates

  5. Mortgage Rates Near All-Time Lows at Total Mortgage

    By on July 23, 2010

    Current Low Mortgage Rates Available at Total MortageTotal Mortgage Services is currently posting some of the lowest mortgage rates in the country. Amongst the mortgages being offered are conventional loans, jumbo mortgages, FHA-backed home loans, conforming loans, and much more.

    A 30 year fixed conventional mortgage is currently available with a 4.125% mortgage rate and a 4.323% APR. This type of mortgage will allow borrowers to have low monthly payments every month. A 15 year fixed conventional mortgage may have higher monthly payments but has a lower mortgage rate. The current mortgage rate for a 15 year fixed conventional mortgage is 3.625% with a 3.972% APR. Continue Reading…

    Category: Mortgage Rates

  6. 30 Year Fixed Mortgage Rates at Total Mortgage

    By on July 21, 2010

    Total Mortgage is posting some of the lowest current mortgage rates in the nation. One of the featured mortgage products at Total Mortgage is a 30 year fixed conventional mortgage. This 30 year fixed rate mortgage is currently being offered with a 4.125% mortgage rate and a 4.323% APR.

    One of the major perks of a 30 year fixed rate mortgage is that you will have low payments every month. Your mortgage rate may be a little higher than if you had a loan with a shorter term, maybe 15 or 20 years, but the length of the loan will allow you to have reduced payments.

    A fixed rate mortgage has 3 main characteristics. The first two, being the term and amount of the loan, will vary depending on your situation. The last is the compounding frequency which can be monthly, yearly, etc. If you know these three things then you can determine exactly what your payments will be each and every month.

    With mortgage rates as low as they are for a 30 year fixed conventional mortgage there is no reason to consider another mortgage product. Adjustable rate mortgages (ARM) may provide lower mortgage rates initially but you may run the risk of having significant rate increases in the future.

    For a free rate quote fill out this form or call 877-868-2503 to speak with a licensed mortgage expert.

    Category: Fixed Rate Mortgages, Mortgage Rates

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