As 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…
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