Fort Lauderdale Mortgage Interest Rates Update: July 29, 2011

Mortgage-backed securities, which move interest rates, improved on Friday as traders moved into to bonds which are a much safer trade ahead of a resolution to the debt ceiling which is good for rates.  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:

  • 4.5% on a 30 year Conforming fixed rate mortgage with 20% down (APR 4.721%)
  • 3.75% on a 15 Year Conforming Fixed rate mortgage with 20% down (APR 3.980%)
  • 4.375% on a  30 year FHA fixed rate mortgage with 3.5% down (APR 5.265%)

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