mortgage interest: 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
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mortgage interest: TIME MAY NOT BE ON OUR SIDE... - 04/02/11 11:58 AM
Time may be working against anyone in the real estate market today, whether it be Buyers or Sellers. If you haven't noticed, mortgage interest rates are beginning to creep up, usually a signal for potential inflation. And it should be no shock when we take into consideration that the US Federal Reserve continues to prop up major financial institution balance sheets with new money. That used to mean it just prints more currency and puts it into the system where they like to preserve one of their own. Today, they don't even print the currency. They just give the recipient the backing to … (2 comments)
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