Mortgage rates have spiked over the last several days, after declining for nearly three months.  Rates could potentially increase further in the weeks to come, and it is particularly important to keep an eye on next Fridays employment report.  If you are looking to purchase a new home or refinance your current mortgage, now may be the time to lock a low rate.  If you wish to speak with one of our licensed mortgage professionals about our rates, products, or to get pre-approved for a home loan, call us today at 877-868-2503.  Dont miss out on this opportunity to save money for years to come.

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Our Rates and Products:

Fixed rate mortgages allow for the highest degree of cost-certainty with any type of mortgage.  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 be a great deal for those who only intend to stay in their home for the short term.  5/1 ARMs are available at a rate of 3.125% and an APR of 3.134%.

The rates on jumbo mortgages are now more available and lower than theyve been for years. 30 year fixed rate jumbo mortgages start at 5.125% with an APR of 5.228%.  A 5/1 Jumbo ARM starts at 3.375% with and APR of 3.381%.

FHA mortgages only require a 3.5 percent down payment, which is great for those with good credit but without a lot of money up front.  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 1:10 P.M., on June 30, 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 3.125% 3.134% 5/1 Jumbo ARM Mortgage 3.375% 3.381%

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