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 have become very unpredictable recently. However, rates are still at historic lows, making it a suitable time to purchase houses as well as refinance existing mortgages. Mortgage rates at Total Mortgage are currently available at some of the best rates in the country. A wide variety of mortgages including conventional, jumbo, FHA and many more are available at Total Mortgage at some of the most competitive rates in the nation.
One of the most popular home loans at Total Mortgage is the 30 year fixed rate mortgage. Currently, qualified borrowers can get a 30 year fixed rate mortgages at a low mortgage rate of 4.375% with 4.581% APR. Other fixed rate mortgages, such as 20 year fixed rate mortgages and 15 year fixed rate mortgages are also available at low mortgage rates.
Another home loan gaining popularity is the FHA mortgage. A 30 year fixed FHA mortgage is available at a 4.375% rate and 5.775% APR. A 5/1 adjustable rate mortgage (ARM) conforming mortgage is available at a 2.500% interest rate and 3.038% APR.
Larger loans exceeding the conforming loan limits ($417,000 to $729,750 depending on the location of the property) set by Freddie Mac and Fannie Mae, may require jumbo mortgages. A 30 year fixed jumbo mortgage is available at a 5.000% rate and 5.208% APR. A 15 year fixed jumbo mortgage is available at a 3.875% interest rate and 4.223% APR.
For more information on our current mortgage rates, please call 877-868-2503 to speak with a licensed mortgage professional today.?
Mortgage rates are always changing. All rates were quoted at 11:30 A.M., on January 20, 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.
Mortgage rates have become very unpredictable recently. However, rates are still at historic lows, making it a suitable time to purchase houses as well as refinance existing mortgages. Mortgage rates at Total Mortgage are currently available at some of the best rates in the country. A wide variety of mortgages including conventional, jumbo, FHA and many more are available at Total Mortgage at some of the most competitive rates in the nation.
One of the most popular home loans at Total Mortgage is the 30 year fixed rate mortgage. Currently, qualified borrowers can get a 30 year fixed rate mortgages at a low mortgage rate of 4.375% with 4.581% APR. Other fixed rate mortgages, such as 20 year fixed rate mortgages and 15 year fixed rate mortgages are also available at low mortgage rates.
Another home loan gaining popularity is the FHA mortgage. A 30 year fixed FHA mortgage is available at a 4.375% rate and 5.775% APR. A 5/1 adjustable rate mortgage (ARM) conforming mortgage is available at a 2.500% interest rate and 3.038% APR.
Larger loans exceeding the conforming loan limits ($417,000 to $729,750 depending on the location of the property) set by Freddie Mac and Fannie Mae, may require jumbo mortgages. A 30 year fixed jumbo mortgage is available at a 5.000% rate and 5.208% APR. A 15 year fixed jumbo mortgage is available at a 3.875% interest rate and 4.223% APR.
For more information on our current mortgage rates, please call 877-868-2503 to speak with a licensed mortgage professional today.?
Mortgage rates are always changing. All rates were quoted at 11:30 A.M., on January 20, 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.
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