Mortgage Interest Rates Update: February 6, 2012
Mortgage-backed securities, which move interest rates, are trading higher right now which is good for interest rates. 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:
- 3.875% on a 30 year Conforming fixed rate mortgage with 20% down (APR 4.096%)
- 3.5% on a 15 Year Conforming Fixed rate mortgage with 20% down (APR 3.658%)
- 3.875% on a 30 year FHA fixed rate mortgage with 3.5% down (APR 4.765%)
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.