Fort Lauderdale Mortgage Interest Rates Update: June 28, 2011

Mortgage-backed securities, which move interest rates, are moving lower this morning after a drop yesterday too which is bad for interest rates as stocks move higher.  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:

  • 4.625% 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%)
  • 4.5% on a  30 year FHA fixed rate mortgage with 3.5% down (APR 5.39%)

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%)

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