Mortgage Rates & Trends: Mortgage Blog

View the lowest rates we have to offer.
Read our RSS Feed Policy

  1. Mortgage Rates Near All-Time Lows- Refinance Now!

    By on July 8, 2010

    Total Mortgage is still offering mortgages with some of the lowest mortgage rates in the industry. There is a wide variety of products available including fixed rate mortgages, FHA mortgages, adjustable rate mortgages (ARM), and jumbo mortgages.

    A 30-Year Fixed Jumbo Mortgage is available with a 5.000% rate and a 5.203% APR. ARM jumbo mortgages are also available with incredible rates. A 5/1 ARM Jumbo Mortgage is being offered with a 3.625% rate and an APR of 3.657%. (see mortgage rates and details)

    At Total Mortgage there are also affordable 30-Year Fixed FHA Mortgages with a low 4.000% rate and a 5.178% APR. Getting an FHA mortgage allows borrowers who may not be able to qualify for a conventional loan the opportunity to receive funding.

    Total Mortgage also offers a variety of conventional and conforming mortgages, all with competitive interest rates. 30-Year Fixed Conventional Mortgages are readily available with an affordable 4.125% interest rate and a 4.323% APR. A 5/1 ARM Conforming Mortgage is being offered with a low 3.000% rate and an APR of 3.481%.

    These low mortgage rates have created an unprecedented opportunity for homeowners to refinance into more affordable mortgages with lower monthly payments. For more information on refinancing call one of our mortgage experts at call 877-868-2509.

    In other news Americans filing for unemployment insurance dropped this week. The Labor Department made an announcement that the total number of claims for unemployment insurance made fell by 21,000 to 454,000.

    Mortgage rates are constantly fluctuating, all rates posted were quoted at 9:30 a.m. on July 8, 2010.

    Mortgage Product Mortgage Rates APR
    30-Year Fixed Conventional Mortgage 4.125% 4.323%
    30-Year Fixed FHA Mortgage 4.000% 5.178%
    30-Year Fixed Jumbo Mortgage 5.000% 5.203%
    5/1 ARM Conforming Mortgage 3.000% 3.481%
    5/1 ARM Jumbo Mortgage 3.625% 3.657%

    For a complete list of our current mortgage rates and mortgage products check us out online.

    * 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.

    Category: Mortgage Rates

  2. Mortgage Rates Down Drastically at Total Mortgage

    1 By on July 2, 2010

    Coming into Friday morning Total Mortgage is posting some of its lowest rates of the week. Fixed rate mortgages have seen significant rate reductions since earlier in the week.

    At the beginning of the week a 30-Year Fixed Conventional Mortgage was available with a 4.375% rate and a 4.581% APR with 2 points. The rate for the same mortgage program is currently 4.125%, down .250%, and has an APR of 4.323%. A 15-Year Fixed Conventional Mortgage has a rate 3.625%, a .250% drop, and an APR of 3.972.

    The 30-Year Fixed FHA Mortgages is down as well, with a interest rate of 4.000% and an APR of 5.178%. These numbers are down .250% and .066% respectively. Jumbo mortgages have experienced rate decreases as well. A 30-Year Fixed Jumbo Mortgage currently has a rate of 5.000%, down .250%, and a 5.203% APR.

    In addition to fixed rate mortgages we also are offering some of the most competitive rates on both conforming and jumbo ARMs (adjustable rate mortgage).

    Mortgage rates are constantly changing; all rates were quoted at 9:25 a.m. on July 2, 2010.

    Mortgage Product Rate APR
    30-Year Fixed Conventional Mortgage 4.125% 4.323%
    15-Year Fixed Conventional Mortgage 3.625% 3.972%
    30-Year Fixed FHA Mortgages 4.000% 5.178%
    30-Year Fixed Jumbo Mortgages 5.000% 5.203%
    5/1 ARM Conforming Mortgage 3.000% 3.481%

    * For a complete lists of our mortgage products and additional mortgage rates check us out online or call 877-868-2503 to lock your mortgage loan now.

    *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 shown are for 30 day rate locks with 2 Points unless otherwise noted.

    Category: Mortgage Rates

  3. Current Mortgage Rates at Total Mortgage Services

    By on June 30, 2010

    Mortgage Rates across the nation are still incredibly low. According to HSH Associates Financial Publisher the national average rate for a 30-Year Fixed Rate Mortgage is 5.00% and a 15-Year Fixed Rate Mortgage has a rate of 4.42%. Total Mortgage is currently offering similar mortgage products with lower rates.

    A 30-Year Fixed Rate Mortgage is currently available with a rate of 4.375% and a 4.581% APR. 15-Year Fixed Rate Mortgages are being offered with a 3.875% rate and an APR of 4.233%. Both of these come in well below the national average.

    Total Mortgage has extremely low rates for jumbo loans as well. In most parts of the country a jumbo mortgage is one that exceeds the limits setup by Fannie Mae and Freddie Mac, which is $417,000. Current rates for  15-Year Fixed Jumbo mortgages are 4.000% with a 4.349% APR. We also offer a 30-Year Fixed FHA Mortgage with a rate of 4.250% and a 5.244% APR.

    Yesterday the U.S. House of Representatives passed an extension of the First Time Home Buyer Tax Credit. The bill is being moved to the senate where it will be voted on again. The outcome of this vote should have an effect on the housing market for the next couple of months.

    Loan Type Rate APR
    30-Year Fixed Conventional Mortgage 4.375% 4.581%
    15-Year Fixed Conventional Mortgage 3.875% 4.233%
    15-Year Fixed Jumbo Mortgage 4.000% 4.349%
    30-Year Fixed FHA Mortgages 4.250% 5.244%

    * For additional mortgage rates and a complete list of our mortgage products check us out online or call 877-868-2503 to speak to one of our licensed mortgage professionals.

    * 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.

    Category: Mortgage Rates

  4. Today’s Mortgage Rates Afternoon Update: June 29, 2010

    By on June 29, 2010

    Total Mortgage Services continues to offer some of the lowest current mortgage rates available in the industry. Near record low mortgage rates are presenting  a great opportunity for both homeowners looking to refinance and potential home buyers.

    30-Year Fixed Conventional Mortgages are currently available with a 4.375% rate and a 4.581% APR. A 15-Year Fixed Jumbo Mortgage is being listed with a rate of 4.000% and with an APR of 4.349%.

    In addition to these fixed mortgages Total Mortgage is also offering incredibly low rates on FHA mortgages. A 30-Year Fixed FHA Mortgage is currently being offered with a rate of 4.250% and a 5.244% APR.

    The pending vote on the First Time Home Buyer Tax Credit should affect both sales and interest rates in the foreseeable future.

    Today’s Mortgage Rates Afternoon Update: June 29, 2010

    Loan Type Rate APR
    30-Year Fixed Conventional Mortgage 4.375% 4.581%
    15-Year Fixed Jumbo Mortgage 4.000% 4.349%
    30-Year Fixed FHA Mortgage 4.250% 5.244%
    5/1 ARM Conforming Mortgage 3.000% 3.480%

    Check us out for a complete list of mortgage products and additional mortgage rates. To speak to one of our licensed mortgage professionals call 877-868-2503 right now!

    * 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.

    Category: Mortgage Rates

  5. Mortgage Rates in Massachusetts from AimLoan.com vs. Mortgage Rates from Total Mortgage

    1 By on June 29, 2010

    The internet direct lender, AimLoan, is currently offering a 15-Year Fixed Jumbo Mortgage with a 5.125 % rate and a 5.193% APR, with borrowers paying no points. Total Mortgage on the other hand is offering a 4.375% rate and a 4.399% rate for the same 15-Year Fixed Jumbo Mortgage.

    When comparing these two lenders rates, Total Mortgage is offering an identical product with a rate that is lower by .75%. Assuming a loan amount of $600,000 ,a 20 percent down payment and a credit score of over 720, a borrower would save $32,940 over the life of the loan.

    Loan Type AimLoan Total Mortgage
    15-Year Fixed Conforming 4.000% 4.000%
    15-Year Fixed Jumbo 5.125% 4.375%
    5/1 ARM Conforming 3.375% 3.500%
    3/1 ARM Jumbo 4.125% 3.875%

    Note: Mortgage rates are constantly changing.

    *All rates were quoted from www.moneycentral.msn.com at 9:15 a.m. on Tuesday June 29, 2010.
    *All rates are calculated with zero point fees unless otherwise noted
    *All rates are calculated for the state of Massachusetts

    A 15-Year Fixed Conforming Mortgage from Total Mortgage is being offered with a mortgage rate of 4.000% and a 4.053% APR. A 5/1 ARM Conforming Mortgage has a rate of 3.500% and 3.046% APR. 3/1 ARM Jumbo Mortgages are available with a 3.875% rate and a 3.029% APR.

    View a complete list of additional mortgage rates and mortgage products or call one of our licensed mortgage professionals at 877-868-2503.

    Category: Mortgage Rates

  6. Mortgage Activity Slow Despite Low Mortgage Rates

    By on June 28, 2010

    Despite record low mortgage rates listed at the end of last week activity throughout the mortgage industry is still slow-moving. Mortgage rates available at Total Mortgage Services, LLC are still available at near record lows.

    30 Year Fixed Conventional mortgages are currently being listed with a low rate of 4.375% rate and a 4.581% APR. A 15 Year Fixed Jumbo mortgage is available at a rate of 4.000% and a 4.349% APR.Mortgage Rates Low

    In addition to these fixed rates Total Mortgage also has low adjustable rate mortgages (ARM) available. 1/1 ARM Conforming mortgages are listed at 3.350% with a 4.078% APR and a 5/1 ARM Jumbo mortgage is available with a 3.500% rate and a 3.250% APR.

    Despite these low rates, refinancing is still quite difficult for borrowers who are behind on mortgage payments are finding it hard to take advantage of these low rates. Recently, the Mortgage Bankers Association reported that there has been a decline in mortgage applications as well as a decline in refinancing activity.

    Mortgage rates are constantly changing. All rates listed were quoted at 10:30 a.m. (EST) on June 28, 2010.

    Loan Type Rate APR
    30-Year Fixed Conventional 4.375% 4.581%
    15-Year Fixed Jumbo Mortgage
    		 4.000% 4.349%
    1/1 ARM Conforming Mortgage (0 Points)
    		 3.350% 4.078%
    5/1 ARM Jumbo Mortgage
    		 3.500% 3.250%

    *All mortgage rates are shown for 30 day rate locks with 2 points unless otherwise noted.

    For additional rates and a complete list of Total Mortgage’s mortgage products, please visit our mortgage rates page.

    Category: Mortgage Rates

  7. Mortgage Rates at Record Low – 30 Year Fixed Rate at 4.375%*

    By on June 25, 2010

    Yesterday, Freddie Mac announced that mortgage rates have fallen to lowest levels ever recorded. Current mortgage rates being offered at Total Mortgage reflect these decreases as we are offering some of the lowest rates in the industry. Total Mortgage’s Friday morning rates present a great opportunity for homeowners looking to refinance and potential home buyers.

    30 Year Fixed Conventional mortgages are currently being offered with a rate of 4.375% rate and an APR of 4.581%. 30 Year Fixed FHA mortgages are being offered with a rate of 4.250% and an APR of 5.244%.

    In addition to these, 15 Year Fixed Jumbo Mortgage are being offered with a rate of 5.250% rate and an APR of 5.461%. A 5/1 ARM Jumbo Mortgage is currently available with a 3.000% rate and a 3.480% APR.

    Mortgage rates change daily and sometimes multiple times a day. All rates listed were quoted at 9:30 a.m. (EST) on June 25, 2010.

    Loan Type Rate APR
    30-Year Fixed Conventional 4.375% 4.581%
    15-Year Fixed Conventional 3.875% 4.233%
    30-Year Fixed FHA 4.250% 5.244%
    30-Year Fixed Jumbo Mortgage 5.250% 5.461%
    5/1 ARM Conforming Mortgage 3.000% 3.480%
    5/1 ARM Jumbo Mortgage 3.500% 3.250%

    *All mortgage rates are shown for 30 day rate locks with 2 points unless otherwise noted.

    You can view complete list of Total Mortgage’s wide variety of mortgage products and lowest mortgage rates here.

    Category: Mortgage Rates

  8. Mortgage Rates Sitting At Lowest Levels of 2010

    By on June 14, 2010

    Mortgage rates began the business week still perched at their lowest levels of 2010 at Total Mortgage Services, LLC Monday morning, presenting prime opportunity for prospective home buyers and homeowners looking to refinance.

    The 30-year fixed conventional mortgage is being offered at a 4.375 percent rate and 4.583 percent APR, and the 30-year fixed FHA mortgage is available at a 4.250 percent rate and 5.178 percent APR.

    Additionally at Total Mortgage, the 30-year fixed jumbo mortgage is listed at a 5.250 percent rate and 5.463 percent APR, and the 5/1 ARM conforming mortgage is still at a 3.125 percent rate and 3.547 percent APR.

    In other economic news, bond prices appear to be starting the week lower as world stock markets seem poised to build off of Friday’s rally and the Euro is rising amidst some signs of stability. No major economic reports are scheduled for release Monday or Tuesday.

    Current mortgage rates are updated daily on Total Mortgage’s website, and mortgage-related news and analysis is available at the Total Mortgage blog.

    At 9:30 a.m. on June 14, 2010, the following mortgage rates are available at Total Mortgage:

    Loan Type Rate APR
    30-Year Fixed Conventional 4.375% 4.583%
    20-Year Fixed Conventional 4.250% 4.535%
    15-Year Fixed Conventional 3.875% 4.236%
    30-Year Fixed FHA 4.250% 5.178%
    30-Year Fixed Jumbo Mortgage 5.250% 5.463%
    15-Year Fixed Jumbo Mortgage 4.000% 4.352%
    5/1 ARM Conforming Mortgage 3.125% 3.547%
    5/1 ARM Jumbo Mortgage 3.500% 3.265%
    1/1 ARM Conforming Mortgage (0 Points) 3.150% 3.922%
    1/1 ARM Jumbo Mortgage (0 Points) 3.150% 3.794%

    For a complete offering of mortgage rates and mortgage products visit TotalMortgage.com for additional information.

    * 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.

    Category: Mortgage Rates

  9. Mortgage Rates Remain Down Amidst Economic Concerns

    By on June 7, 2010

    The flurry of bad economic news which capped off last week has not yet affected the low mortgage rates being offered at Total Mortgage Services, LLC to this point.

    The 30-year fixed conventional, 30-year FHA, 30-year jumbo and 5/1 ARM mortgage rates are all still listed at their lowest levels of 2010 at Total Mortgage.

    Bond prices rose significantly Friday in response to the disappointing jobs data which sank stocks to their lowest levels since February. Additionally, the Euro fell below 1.20 versus the dollar, its lowest point in four years, as debt concerns in Europe remained.

    Also of note, G-20 Finance ministers met over the weekend and the talks highlighted the need for governments to reduce their spending with so many pressures weighing on worldwide economies.

    As for mortgages, the 30-year fixed conventional mortgage rate at Total Mortgage is currently at a 4.375 percent rate and 4.583 percent APR, and the 30-year FHA is being offered at a 4.250 percent rate and 5.178 percent APR. Other mortgage rates at Total Mortgage include the 30-year jumbo is listed at 5.250 percent rate and 5.463 percent APR, and the 5/1 ARM at a 3.500 percent APR and 3.265 percent APR.

    Current mortgage rates are listed continuously at the Total Mortgage website, and daily mortgage news and analysis is available at the Total Mortgage blog.

    At 9:30 a.m. on June 7, 2010, the following mortgage rates were being offered at Total Mortgage:

    Loan Type Rate APR
    30-Year Fixed Conventional 4.375% 4.583%
    20-Year Fixed Conventional 4.250% 4.535%
    15-Year Fixed Conventional 3.875% 4.236%
    30-Year Fixed FHA 4.250% 5.178%
    30-Year Fixed Jumbo Mortgage 5.250% 5.463%
    15-Year Fixed Jumbo Mortgage 4.000% 4.352%
    5/1 ARM Conforming Mortgage 3.125% 3.547%
    5/1 ARM Jumbo Mortgage 3.500% 3.265%
    1/1 ARM Conforming Mortgage (0 Points) 3.150% 3.922%
    1/1 ARM Jumbo Mortgage (0 Points) 3.150% 3.794%

    For a complete offering of mortgage rates and mortgage products visit TotalMortgage.com for additional information.

    * 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.

    Category: Mortgage Rates

  10. Mortgage Rates At Total Mortgage Unchanged Despite Slight National Increase

    By on June 3, 2010

    Mortgage rates remain unchanged this morning at Total Mortgage Services, LLC despite a slight up-tick in the national average of fixed-rate mortgages.

    Bankrate announced this morning that the average rate on a 30-year fixed mortgage climbed this week to 4.95 percent this week from 4.92 percent average of the previous week. Additionally, average 15-year fixed mortgage increased to 4.36 percent from 4.34 percent. Adjustable rate mortgages were mixed, with the average 1-year ARM rising to 4.91 percent while the average 5-year ARM fell to 4.21 percent.

    “Nervous investors and tenuous financial markets kept a lid on mortgage rates,” Bankrate said. “Although the Federal Reserve is expected to leave short-term interest rates low for the time being, evidence of continued improvement in the U.S. economy will eventually lead to higher mortgage rates as the year progresses.”

    On the economic front, stocks climbed higher Wednesday, while bonds inched lower, and the Euro was also higher. Strong data on April home sales and new vehicle sales helped support the market surge. As the week moves ahead, keep an eye on employment numbers and jobless figures for a barometer on market direction.

    At Total Mortgage, the 30-year fixed mortgage held steady at a 4.375 percent rate and 4.583 percent APR, and the 15-year fixed mortgage also stayed firm at a 3.875 percent rate and 4.236 percent APR. Additionally, the 30-year fixed FHA was being listed at 4.250 percent rate and 5.178 percent APR, and the 30-year fixed jumbo is offered at 5.250 percent and 5.463 percent APR.

    Total Mortgage lists some of the lowest current mortgage rates on fixed-rate mortgages, FHA mortgages, jumbo mortgages and adjustable rate mortgages (5/1 ARM and 1/1 ARM). Current mortgage rates are updated regularly on TotalMortgage.com, and daily insight on mortgage and financial news can be found at the Total Mortgage blog.

    At 9:50 a.m. on June 3, 2010, the following rates were being offered at Total Mortgage:

    Loan Type Rate APR
    30-Year Fixed Conventional 4.375% 4.583%
    20-Year Fixed Conventional 4.250% 4.535%
    15-Year Fixed Conventional 3.875% 4.236%
    30-Year Fixed FHA 4.250% 5.178%
    30-Year Fixed Jumbo Mortgage 5.250% 5.463%
    15-Year Fixed Jumbo Mortgage 4.000% 4.352%
    5/1 ARM Conforming Mortgage 3.125% 3.547%
    5/1 ARM Jumbo Mortgage 3.500% 3.265%
    1/1 ARM Conforming Mortgage (0 Points) 3.150% 3.922%
    1/1 ARM Jumbo Mortgage (0 Points) 3.150% 3.794%

    For a complete offering of mortgage rates and mortgage products visit TotalMortgage.com for additional information.

    * 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.

    Category: Mortgage Rates

LOOKING TO BUY OR REFINANCE?

Or Call us at 877-868-2503