Palm Beach, Florida - Mortgage rates fell this week to the lowest level of the year, as rates on government securities declined. Fixed mortgage rates closely run on track with how interest rates are paid on long-term Treasury bonds.
The average rate on a 30-year fixed-rate mortgage fell to 4.93 percent, from 5 percent a week earlier. It was the lowest level since mid-December, when rates averaged 4.81 percent.
The drop came as many Investors shifted money from risky European debt to what they feel as safer, U.S. securities. Bond yields fell as a result, and that lowered mortgage rates, which helps Palm Beach Jumbo Mortgage rates.
The average fixed rate dropped to a record low of 4.71 percent last year. This week, the average on a 15-year fixed-rate mortgage was 4.3 percent, down from 4.36 percent. Rates on five-year, adjustable-rate mortgages averaged 3.95 percent, down from 3.97 percent
Feel free to get the best mortgage quotes and mortgage advice by contacting us by EMAIL with no obligations.
Palm Beach Mortgage is ready to help you. We will help with a Jumbo Loan or Standard Mortgage or Commercial Real Estate Mortgage.
Showing posts with label Lender. Show all posts
Showing posts with label Lender. Show all posts
Friday, May 14, 2010
Tuesday, April 27, 2010
Palm Beach Jumbo Mortgages & Home Loan Rates
The rates on this page are typically valid for credit scores of 700 and above. For scores from 680 to 699, borrowers would typically see increased fees up to 1% of the loan value, or an adjustment in the rate.
If you are seeking a Mortgage in excess of $417,000, recent legislation may enable lenders in certain locations to provide rates that are different from those shown in the table below. We recommend that you contact us by Email directly to determine what rates may be available to you.
| National Average Mortgage Rates | |||
|---|---|---|---|
| Description | APR This Week | APR Last Week | |
| Home Equity Line of Credit | 4.911% | 4.909% | |
| 15 Year Fixed Conforming | 4.449% | 4.422% | |
| 15 Year Fixed Jumbo | 5.181% | 5.149% | |
| 30 Year Fixed Conforming | 5.114% | 5.116% | |
| 30 Year Fixed Jumbo | 5.716% | 5.752% | |
| 5/1 Year ARM Conforming | 3.857% | 3.883% | |
| 5/1 Year ARM Jumbo | 4.534% | 4.536% |
Feel free to get the best mortgage quotes and mortgage advice by contacting us by EMAIL with no obligations.
Palm Beach Mortgage is ready to help you. We will help with a Jumbo Loan or Standard Mortgage.
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