Fort Lauderdale Mortgage Interest Rates Update: August 2, 2011
Mortgage-backed securities, which move interest rates, rallied today due to a flight to safety with a weakening US economy 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:
- 4.375% on a 30 year Conforming fixed rate mortgage with 20% down (APR 4.596%)
- 3.75% on a 15 Year Conforming Fixed rate mortgage with 20% down (APR 3.908%)
- 4.25% on a 30 year FHA fixed rate mortgage with 3.5% down (APR 5.14%)
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.