Mortgage rates fell on average this week after news of disappointing
Data released by
Consumers with a loan scenario considered an "excellent" credit risk may qualify for pricing that is lower than the average mortgage rates reported. Borrowers with additional risk factors such as damaged credit, low equity in the property, or who are purchasing an investment property rather than a primary residence or second home will likely be quoted higher pricing when shopping for a mortgage.
"Current mortgage rates falling to new lows is a silver lining to the lackluster news about the pace of the economic recovery," commented
Below is a snapshot of interest rates for a variety of programs listed on BurlingtonMortgage.biz on 4/13/2012.
30 Year Mortgage Rates (0 Points)
AIMLoan.com – 3.625% Note Rate, 3.707% APR,
Gateway Bank Mortgage – 3.875% Note Rate, 3.875% APR,
15 Year Mortgage Rates (0 Points)
Quicken Loans – 3.625% Note Rate, 3.739% APR,
Roundpoint Mortgage Company – $3.125% Note Rate, $3.125% APR,
5/1 ARM Mortgage Rates (0 Points)
ING Direct – 2.75% Note Rate, 3.298% APR,
BurlingtonMortgage.biz is a website that offers information regarding mortgages, insurance, and personal finance. BurlingtonMortgage.biz is owned by
Read the full story at http://www.prweb.com/releases/mortgage/15-year-rates-hit-new-low/prweb9401671.htm
|Copyright:||(c) 2012 PRWEB.COM Newswire|