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Mortgage Rates for November 11th 2009 Happy Veterans Day

By
Mortgage and Lending with EPiQ Lending NMLS 1936984

Mortgage Rates for November 11th 2009 Happy Veterans Day


It's Your Credit...
You Have a Right to Know How it Looks!

Did you know that all residents of the US have the right to obtain one free credit report from each of the three credit bureaus per year? Since your credit score is more important than ever due to today's tightening credit standards, it's the perfect opportunity to take advantage of this benefit.

But Beware...

Although you see commercials offering free credit reports, many companies actually charge a fee or require enrollment to qualify for the free report. That's why one of your best resources is www.annualcreditreport.com for a free report of your credit history. This report of your credit history can help you check the accuracy of the information in your report. However, it does NOT include your credit score. If you want to know your number, you can pay an add-on fee from the service or simply contact me for help determining your actual score.

Stagger Your Reports

Remember, you are only entitled to receive one free report from each bureau per year, so consider staggering the requests. For example, make a note on your calendar to order a report from TransUnion® one month, then one from Equifax® a few months later, and finally one from Experian® a few months after that. In essence, this will allow you to order three credit reports per year...and provide you the ability to monitor your credit throughout the year.

Mortgage Interest Rates for Fixed and Variable Rate Mortgages*

Rates as of Wednesday, 11th November, 2009:

 

Term

Conforming

APR

Payment per
$1,000

Jumbo

APR

Payment per
$1,000

Arm Reset Term

FHA 30YR

360

4.75%

4.836%

$5.22

%

0.000%

$0.00

-

30yr Fixed Conv

360

4.75%

4.836%

$5.22

5.75%

5.842%

$5.84

-

FHA 3yr Arm

360

3.75%

3.831%

$4.63

%

0.000%

$0.00

3

5/1 ARM

360

3.5%

3.580%

$4.49

4.625%

4.711%

$5.14

5

3/1 ARM

360

3.5%

3.580%

$4.49

4.5%

4.585%

$5.07

3

5/1 ARM Interest Only

360

3.625%

3.706%

$3.02

%

0.000%

$0.00

5

VA 30 Year Fixed

360

4.75%

4.836%

$5.22

%

0.000%

$0.00

-

*Rates are subject to change due to market fluctuations and borrower's eligibility.

Posted by

 

Ricky Khamis
National Business Development Manager
D: 480.270.8687  |  M: 602.758.7425  |  F: 480.339.1615
275 E. Rivulon Blvd. Suite 300 Gilbert AZ   85297
Application Link

Comments (1)

Lisa Matykiewicz
United Brokers Group - Gilbert, AZ

Wow...those rates are still looking good!  Happy Veterans day!

Nov 11, 2009 01:08 AM