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mortage rates: Current Mortgage Rates 8/19/2011 - 08/20/11 09:50 AM
RATE SHEET for 08/19/2011
CONV. FIXED 30 YR…………………….4.000%....(4.17%APR)
CONV. FIXED 20 YR…………………….3.875%....(4.04%APR)
CONV. 5-1 ARM………………………….3.125%....(3.02%APR)
CONV. 7-1 ARM………………………….3.375%....(3.29%APR)
CONV. 10-1 ARM………………………..3.750%....(3.63%APR)
FHA/VA 30 YR FIXED……………….….4.000%....(4.17%APR)
FHA/203K 30 YR FIXED……………….4.500%....(4.73%APR)
USDA 30 YR FIXED………………………4.000%....(4.21%APR)
NOTE: Rates and fees are subject to change prior to application, and lock.
All rates are quoted with 1% origination & 30 day lock.  Credit scores and/or loan amount may affect final rate.
Compliments of  JIMMY GRUBB
New American Mortgage
CELL: 704-634-6897 OFFICE: 704-935-5618
… (0 comments)

mortage rates: Current Mortgage Interest Rates 07/01/2011 - 07/01/11 08:23 PM
Here are the current mortgage interest rates as of July 1, 2011, compliments of Jimmy Grubb and New American Mortgage.
RATE SHEET for 07/01/2011
CONV. FIXED 30 YR.........................4.500%....(4.64%APR)
CONV. FIXED 20 YR.........................4.375%....(4.52%APR)
CONV. 5-1 ARM...............................3.250%....(3.11%APR)
CONV. 7-1 ARM...............................3.625%....(3.51%APR)
CONV. 10-1 ARM.............................4.000%....(3.89%APR)
FHA/VA 30 YR FIXED.......................4.375%....(4.52%APR)
FHA/203K 30 YR FIXED...................4.875%....(5.28%APR)
USDA 30 YR FIXED...........................4.500%....(4.78%APR)
NOTE: Rates and fees are subject to change prior to application, and lock.
All rates are quoted with 1% origination & 30 day lock.  Credit scores and/or loan amount may affect final rate.
FOR A QUOTE CONTACT: JIMMY GRUBB
CELL: 704-634-6897 OFFICE: 704-935-5618
 
… (1 comments)

mortage rates: Current Mortgage Rates 4/22/2011 - 04/23/11 01:21 PM
Here are the weekends current mortgage rates as provided by New American Mortgage. 
RATE SHEET for 04/22/2011
CONV. FIXED 30 YR.........................4.875%....(4.96%APR)
CONV. FIXED 15 YR.........................4.125%....(4.27%APR)
CONV. 5-1 ARM...............................3.375%....(3.28%APR)
CONV. 7-1 ARM...............................3.750%....(3.64%APR)
CONV. 10-1 ARM.............................4.250%....(4.12%APR)
FHA/VA 30 YR FIXED.......................4.750%....(5.07%APR)
FHA/203K 30 YR FIXED...................5.375%....(5.53%APR)
USDA 30 YR FIXED...........................4.875%....(5.15%APR)
NOTE: Rates and fees are subject to change prior to application, and lock.
All rates are quoted with 1% origination & 30 day lock.  Credit scores and/or loan amount may affect final rate.
FOR A QUOTE CONTACT: JIMMY GRUBB
CELL: 704-634-6897 OFFICE: 704-935-5618
… (2 comments)

mortage rates: Primes Effects on Mortgage Rate$ - 10/04/07 07:14 PM
Does a drop in the Prime Rate equate to a drop in mortgage rates?  Not usually.
When the Federal Reserve drops the Federal Funds Rate (the rate banks can borrow from the Federal Reserve), it triggers a cut in the Prime rate that banks charge on variable rate loans and lines of credit (credit cards and Home Equity Lines are good examples). 
It is a common misconception that a drop in the Federal Funds Rate or the Prime Rate automatically affects fixed rate mortgages too. 
 Federal Reserve board meetings are highly anticipated events and there is much "expert" speculation about what will happen.  … (0 comments)

 
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Dean Davidson ABR/CSP

Charlotte, NC

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Keller Williams Realty

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