Mortgage Interest Rates Update: January 4, 2011

Mortgage-backed securities, which move interest rates, are trading unchanged right now.  Interest rates paying NO Points in Fort Lauderdale and South Florida are as follows today on a $400,000 purchase price, 740 credit score, 25 day lock period, primary residence, single family detached home, with escrows are:

  • 4% on a 30 year Conforming fixed rate mortgage with 20% down (APR 4.221%)
  • 3.375% on a 15 Year Conforming Fixed rate mortgage with 20% down (APR 3.533%)
  • 4% on a  30 year FHA fixed rate mortgage with 3.5% down (APR 4.89%)

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.