MORTGAGE RATES SEPTEMBER 16, 2009

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Mortgage and Lending

Mortgage Rates

September 16, 2009

 

CONVENTIONAL

                                        30 year fixed         5.125%      5.316% 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 $1088.97

                                               

     30 year fixed          5.250%       5.443% 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 $1104.41

  

15 year fixed     4.500%       4.819 % 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 $1529.99

 

FHA Rates

30 year fixed          5.250%         5.638% APR

Example: $250,000 purchase price.  $241,250 base loan amount (total $245,471). 360 payments.

Monthly principal and interest payment of $1355.50 ($1727.37 total payment PITI and MI*).

 

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