Are you looking to refinance your existing mortgage loan? Are you tired of paying a higher mortgage rate? Do you want to save some money? Get all your mortgage solutions at Total Mortgage, one of the leading mortgage companies in the United States. Total Mortgage is currently posting some of the lowest mortgage rates in the industry.
Total Mortgage offers a wide range of mortgage products to meet every borrower’s individual mortgage requirements. Some of the popular mortgage home loans available include fixed rate mortgages, FHA mortgages, adjustable rate mortgages and jumbo mortgages. All these mortgage loans are available at some of the most competitive rates available.
Fixed rate mortgages are among the most preferred mortgage loan among borrowers in the country. Fixed rate mortgages give borrowers the comfort of a stable rate throughout the life of the loan, low monthly payments with the ability to know their monthly mortgage payments beforehand. Currently at Total Mortgage, 30 year fixed rate mortgages can be obtained at a 4.625% interest rate (4.746% APR). 20 year fixed rate mortgages and 15 year fixed rates mortgages are available at a 4.375% rate (4.539% APR) and 3.875% rate (4.081% APR) respectively.
Mortgage rates increased for the third week in a row, according to the Weekly Survey released by Freddie Mac. If you are a potential homeowner looking to refinance your current high rate mortgage loan or a potential homebuyer looking to purchase a home, now is the time to do so, before mortgage rates sky-rocket.
The Weekly Mortgage Survey released by the Mortgage Bankers Association (MBA) yesterday reported that mortgage application volume went up 5.0 percent from the previous week on a seasonally adjusted basis and went up 6.4 percent on an unadjusted basis. The refinancing activity of mortgage applications saw an increase of 7.7 percent from last week. The 30 year fixed rate mortgages continued to see a decline in rates to 4.77 percent from 4.78 percent the previous week. The 15 year fixed rate mortgages saw a slight increase in rates to 4.16 percent from 4.15 percent last week.
Mortgage rates posted at Total Mortgage are significantly low compared to most lenders across the country. Today’s 
The Mortgage Bankers Association released its Weekly Mortgage Survey this morning. According to the survey, mortgage applications increased 2.3 percent for the week ending December 31, 2010 while applications were down by 3.9 percent the previous week. The purchasing part of mortgage activity continued to dip down, while refinancing saw a slight boost at the end of the year. Refinancing increased 3.9 percent at the end of the year compared to a 7.2 percent decrease in the previous week. The increase in refinancing could be a result of declining mortgage rates. The average rate for 30 year fixed rate mortgages came down to 4.82 percent from 4.93 percent the previous week. However, 15 year fixed rate mortgages were slightly up again to 4.23 percent from previous week’s 4.22 percent.
We all have been hearing news on the increasing rates for mortgages for the past weeks. However, Total Mortgage has lowered mortgages rates considerably from last week. The new reduction on mortgage rates has created an ideal time for potential homeowners to refinance their existing mortgages as well as a great time for many homebuyers to purchase homes.
There are various reasons why borrowers opt to 
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