Fort Lauderdale Mortgage Interest Rates Update: June 14, 2011

Mortgage-backed securities, which move interest rates, got hit hard today after inflation fears and and a not so bad retail sales number which is bad for interest rates.  Some how rates have continued to hold steady other than on a Conventional loan.  Interest rates paying NO Points in Fort Lauderdale and South Florida are as follows today on a $250,000 purchase price, 740 credit score, 25 day lock period, primary residence, single family detached home, with escrows are:

• 4.75% on a 30 year Conforming fixed rate mortgage with 20% down (APR 4.846%)
• 3.875% on a 15 Year Conforming Fixed rate mortgage with 20% down (APR 4.033%)
• 4.375% on a  30 year FHA fixed rate mortgage with 3.5% down (APR 5.265)

On a Jumbo loan with a loan amount under $850,000 putting 20% down paying no points with the same parameters as above interest rates are at 5.25% (APR 5.301%)

Call or email me for interest rates on Adjustable Rate Mortgages (ARMs) in Fort Lauderdale and South Florida.  Rates are subject to change without notice.