If you are looking to save money on your home loan, youve come to the right place.  Total Mortgage is known for having some of the lowest mortgage rates available anywhere.  Whether you want to buy a new house or refinance your current mortgage we might be able to save you a lot in your monthly payments.  For a free consultation from one of our licensed mortgage professionals or to get pre-approved for a mortgage, call us today at 877-868-2503.  Dont delay, act while rates are still low.  

 

Todays Links:

The mortgage interest deduction could be cut or reduced under a new budget plan.

Yves Smith: Several Federal Home Loan Banks may be challenging the proposed $8.5b Bank of America settlement.

Calculated Risk: Fitch warns that there could be a selective default in Greece.

Washington Post: Democrats are furious that a proposed budget deal doesnt include any plans to raise taxes.

L.A. Times: Banks feared that Dodd-Frank would erode their profits.  It hasnt.

 

 

Our Rates and Products:

Fixed rate mortgage rates are close to all-time lows.  30 year fixed rate mortgages are available today for qualified borrowers starting at the rate of 4.250% with an APR of 4.368%. 15 year fixed rate mortgages are going at a rate of 3.500% with an APR of 3.704%.

Adjustable rate mortgages offer substantial savings to borrowers who are only going to be in their home for the short term. 5/1 ARMs are available at a rate of 2.750% and an APR of 3.043%.

The rates on jumbo mortgages are lower than they have been in quite some time. 30 year fixed rate jumbo mortgages start at 5.125% with an APR of 5.228%.  A 5/1 Jumbo ARM starts at 2.875% with and APR of 3.091%.

FHA mortgages are popular because of their low down payment requirement and underwriting requirements that are generally less stringent than from other sources of financing.  30 year fixed FHA mortgages are available at a rate of 4.250% with a 5.563% APR.

***Mortgage rates are always changing. All rates were quoted at 1:05 P.M., on July 22, 2011.***

Mortgage Product Mortgage Rates APR

30 Year Fixed Conventional Mortgage 4.250% 4.368% 15 Year Fixed Conventional Mortgage 3.500% 3.704% 30 Year Fixed FHA Mortgage 4.250% 5.563% 30 Year Fixed Jumbo Mortgage 5.125% 5.228% 5/1 Conforming ARM Mortgage 2.750% 3.043% 5/1 Jumbo ARM Mortgage 2.875% 3.091%

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