The market continues to get better with the FNMA 4.5% coupon yielding 2.22%. This is up from end of business Monday, which closed at 2.12%. Because of this we have seen a decrease in rates. Based on today's Florida mortgage rates, the below fixed interest rates are available for qualified borrowers:
- 30 Year Fixed: 4.375% / 4.625% APR
- 20 Year Fixed: 4.25% / 4.563% APR
- 15 Year Fixed: 3.99% / 4.196% APR
- 10 Year Fixed: 3.75% / 3.869% APR
The above rates are based on the following assumptions:
- $165,000 loan amount
- 80% loan to value
- Purchase transaction or rate/term refinance
- 720 middle credit score
- Single family house
- Primary residence
- Including escrows
First Nationwide Lending is a Sarasota Florida mortgage company specializing in purchase and refinance Florida home loan programs. Visit our website today for the lowest Florida mortgage rates. http://newfloridamortgages.com/
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