( From TotalMortgage.Com )
Total Mortgage has continuously offered some of the lowest mortgage rates in the United States. Mortgage rates are still considerably low, creating a great opportunity for both homeowners to refinance their existing higher mortgage loans to a lower mortgage rates and homebuyers to lock in low rates while purchasing houses.
The Mortgage Bankers Association (MBA) reported in its Weekly Survey this morning that mortgage applications increased last week. Though mortgage rates were slightly up, both purchasing and refinancing activities went up. Borrowers have started to either purchase or refinance before mortgage rates climb even higher.
If you are a homeowner looking to refinance or a homebuyer looking to purchase a home, Total Mortgage has some of the most competitive rates. Currently at Total Mortgage, a 30 year fixed rate mortgage is available at a 4.375% mortgage rate with 4.581% APR and 20 year and 15 year fixed rate mortgages are available at a 4.250% rate (4.5325 APR) and a 3.750% rate (4.106 % APR) respectively.
Total Mortgage also specializes in FHA mortgages. A 30 year fixed FHA mortgage is available at a 4.375% interest rate and 5.775% APR.
In addition to these, Total Mortgage also has jumbo mortgages and adjustable rate mortgages (ARM) available with some of the best mortgage rates in the country. A 30 year fixed jumbo mortgage is available at a 5.125% interest rate and 5.334% APR and a 15 year fixed jumbo mortgage is available at a 3.750% rate and 4.097% APR. A 5/1 conforming ARM is available at a 2.750% mortgage rate and 3.122% APR.
Mortgage rates constantly change throughout the day. All rates were quoted at 11:45 A.M., on February 2, 2011.
*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.
Search Terms: mortgage rates, 20 year refinance rates, mortgage rate, mortgage interest rates Feb 2 2011, mortgage rat february 2 2011
Source link:http://www.totalmortgage.com/blog/mortgage-rates/low-mortgage-rates-available-at-total-mortgage-2/9881
Total Mortgage has continuously offered some of the lowest mortgage rates in the United States. Mortgage rates are still considerably low, creating a great opportunity for both homeowners to refinance their existing higher mortgage loans to a lower mortgage rates and homebuyers to lock in low rates while purchasing houses.
The Mortgage Bankers Association (MBA) reported in its Weekly Survey this morning that mortgage applications increased last week. Though mortgage rates were slightly up, both purchasing and refinancing activities went up. Borrowers have started to either purchase or refinance before mortgage rates climb even higher.
If you are a homeowner looking to refinance or a homebuyer looking to purchase a home, Total Mortgage has some of the most competitive rates. Currently at Total Mortgage, a 30 year fixed rate mortgage is available at a 4.375% mortgage rate with 4.581% APR and 20 year and 15 year fixed rate mortgages are available at a 4.250% rate (4.5325 APR) and a 3.750% rate (4.106 % APR) respectively.
Total Mortgage also specializes in FHA mortgages. A 30 year fixed FHA mortgage is available at a 4.375% interest rate and 5.775% APR.
In addition to these, Total Mortgage also has jumbo mortgages and adjustable rate mortgages (ARM) available with some of the best mortgage rates in the country. A 30 year fixed jumbo mortgage is available at a 5.125% interest rate and 5.334% APR and a 15 year fixed jumbo mortgage is available at a 3.750% rate and 4.097% APR. A 5/1 conforming ARM is available at a 2.750% mortgage rate and 3.122% APR.
Mortgage rates constantly change throughout the day. All rates were quoted at 11:45 A.M., on February 2, 2011.
*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.
Search Terms: mortgage rates, 20 year refinance rates, mortgage rate, mortgage interest rates Feb 2 2011, mortgage rat february 2 2011
Source link:http://www.totalmortgage.com/blog/mortgage-rates/low-mortgage-rates-available-at-total-mortgage-2/9881
