Here is a summary of All Source Mortgages best available interest rates vs. Major bank posted rates and cost savings on a mortgage of $250,000.
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All Source Mortgages | Bank Posted | Monthly Savings on $250,000 | |
1 year | 4.35 | 5.60 | $178 |
2 year | 5.05 | 6.25 | $175 |
3 year | 5.15 | 6.25 | $161 |
4 year | 4.89 | 6.09 | $174 |
5 year | 4.99 | 6.75 | $260 |
7 year | 5.80 | 7.35 | $236 |
10 year | 5.95 | 8.25 | $356 |
Adjustable | Prime plus 0.6% | Prime plus .6% | $0 |
* Rates as of December 15, 2008 |
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