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MORTGAGE RATES SEPTEMBER 28, 2009

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Mortgage and Lending

Mortgage Rates

September 28, 2009

Rates are in the 4's!

CONVENTIONAL

30 year fixed          4.95%                       5.122% APR

Example: $250,000 purchase price with 20% down or

rate/term refinance up to 80% loan to value.

  $200,000 loan amount. 360 payments. 740+credit score.

Monthly principal and interest payment of $1067.54

30 year fixed          5.125%                     5.299% APR

Example: Cash out refinance up to 80% loan to value.

  $200,000 loan amount. 360 payments. 740+credit score.

Monthly principal and interest payment of $1088.97

15 year fixed          4.375%                     4.663% APR

Example: $250,000 purchase price with 20% down or

rate/term refinance up to 80% loan to value.

$200,000 loan amount. 180 payments. 740+credit score.

Monthly principal and interest payment of $1517.24

 

FHA Rates

30 year fixed  5.000%      5.368% APR

Example: $250,000 purchase price.  $241,250 base loan amount.

$245.471 total loan amount. 360 payments.

Monthly principal and interest payment of $1317.74 ($1689.57 total payment PITI and MI).

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