Fort Lauderdale Mortgage Interest Rates Update: August 12, 2011

Mortgage-backed securities, which move interest rates, have been improved over the past week substantially but are just above their lows.  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:

  • 4.25% on a 30 year Conforming fixed rate mortgage with 20% down (APR 4.471%)
  • 3.625% on a 15 Year Conforming Fixed rate mortgage with 20% down (APR 3.783%)
  • 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.