Aug. 31, 2009

Bonita Springs Florida Mortgage Monday August 31, 2009

clip_image002I am changing the format of this up a little bit to make it work with our site's that we post for, so please work with us as we try this this out.

 

Mortgage rates have been holding steady for the past couple weeks.  Mortgage applications have increased.  Is this a sign that the market is turning around?  If it is, then you need to act quickly to get the good housing prices and stop rolling the dice when it comes to your interest rate.

 

 

 

This week's mortgage rates:

30 Year Fixed:

Interest Rate - 5.0%

APR - 5.151%

Payment - $805.23

15 Year Fixed:

Interest Rate - 4.5%

APR - 4.757%

Payment - $1,147.49

30 Year Jumbo:

Interest Rate - 5.375%

APR - 5.484%

Payment - $2,799.86

15 Year Jumbo:

Interest Rate - 4.75%

APR - 4.933%

Payment - $3,889.16

Please feel free to share your comments on this new formatting versus the old one with the charts.  I feel that this will be easier to read.  Also, I have taken out the ARM rates, as no one has expressed interest in ARMs.  If you would like a custom quote on ARM rates, please feel free to call me at 352-308-7219.

*The rates published on this page are applicable only to requests received from this site or by calling 352-308-7219. Mortgage rates published on this page are the current rates for a single-family, primary residence based on a 30-day lock period and are subject to change without notice. In order to receive a guaranteed rate, you must have applied for an application through Knightlines Mortgage Services, LLC and received a verbal confirmation from a mortgage broker that your desired rate is locked. Your guaranteed mortgage rate will depend on factors such as current market conditions, loan product, occupancy, property type and your credit profile.

Loan Product and APR Information

  • Conforming rates are for loan amounts not exceeding $417,000 ($625,500 in AK and HI)
  • Jumbo rates are for loan amounts exceeding $417,000 ($625,500 in AK and HI)
  • Adjustable-rate loans and rates are subject to change during the loan term. That change can increase or decrease your monthly payment.
  • Additional loan products, rates and lock periods are available.

Conforming Fixed, ARM APR calculation assumes a $150,000 loan amount with a 20% down payment, estimated borrower paid finance charges of .75% of the loan amount plus discount and origination if applicable. If the down payment is less than 20%, mortgage insurance may be needed on the loan. This could increase the monthly payment and the APR.

Jumbo Fixed APR calculation assumes a $500,000 loan amount with a 20% down payment, estimated borrower paid finance charges of .75% of the loan amount plus discount and origination if applicable. If the down payment is less than 20%, mortgage insurance may be needed on the loan. This could increase the monthly payment and the APR.

Jason Price

Owner/Principal Broker

18515 Demko Road

Altoona, FL 32702

(352) 308-7219 Phone

(888) 807-4123 Fax

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