Mortgage rates have been down for the past two months and are now at lows not seen since last winter.  If you missed out on refinancing your home last year, now is the time to start saving money on your monthly payments.  If you are buying a new home this summer, we can help you get pre-approved for a home loan.  Since 1997 we have been helping people achieve their dreams of homeownership.  Our dedication to responsible lending and customer service has helped to make us one of the fastest-growing privately held mortgage companies in the United States.  Call 877-868-2503 for a free consultation with one of our licensed loan officers and find out what a difference Total Mortgage can make.

 

A Harvard study suggests that the housing market could be slowly turning the corner, despite many headwinds.

Fitch downgraded the ratings for nine mortgage servicers.

Americans collective home equity is nearing a record low.

Robert Shiller (co-creator of the S&P/Case-Shiller Home Price Index) on the trouble with the housing market.

Gretchen Morgenson on the investigation into mortgage backed securitization methods.

Our Rates and Products:

Fixed rate mortgages are great for those who wish to have stable principal and interest payments month-t0-month. 30 year fixed rate mortgages are available today for qualified borrowers starting at the rate of 4.250% with an APR of 4.365%. 15 year fixed rate mortgages are going at a rate of 3.500% with an APR of 3.700%.

Adjustable rate mortgages can offer significant savings compared to fixed rate mortgages of similar length.  5/1 ARMs are available at a rate of 2.750% and an APR of 2.595%.

The rates on jumbo mortgages are lower now than they have been for 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 2.750% with and APR of 2.595%.

FHA mortgages are great for those with good credit but without a lot of money for a down payment because these loan only require a 3.5 percent down payment.  30 year fixed FHA mortgages are available at a rate of 4.250% with a 5.563% APR. Minimum down payments start at just 3.5%.

***Mortgage rates are always changing. All rates were quoted at 1:15 P.M., on June 13, 2011.***

Mortgage Product Mortgage Rates APR

30 Year Fixed Conventional Mortgage 4.250% 4.365% 15 Year Fixed Conventional Mortgage 3.500% 3.700% 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% 2.595% 5/1 Jumbo ARM Mortgage 2.875% 2.797%

Similar Posts:

Share