October 18, 2011

Fixed Rate Mortgage Gauge as of: 10/18/2011

Mortgage Rates are up, from all time lows, due to market volatility with both global and US money markets. However, rates are still great!

Conforming to $417,000
15 Year Fixed: 3.25 % to 4.375%
30 Year Fixed: 3.75 % to 4.875%

High Balance to $625,500
15 Year Fixed: 3.375% to 4.50%
30 Year Fixed: 4.125% to 5.25%

FHA to $625,500
15 Year Fixed: 3.25  % to 4.00%
30 Year Fixed: 3.875% to 4.75%

Note above are not rate quotes for any given loan scenario. No APR's have been calculated. Contact me for a specific quote, with APR, based on your situation and qualifications. 

This is a market gauge based on a survey of several of my funding sources.  Note that lower rates have fees, while higher rates are available with lender credit which may cover all closing costs.

Remember, I have access to dozens of wholesale funding sources with varying rates and qualifications; I shop not only rate and fee for you, but also make sure you will qualify with that specific funding source. You save time, money, and hassles with my services!

Rates fluctuate daily with the money market and are subject to change.

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