Tag-Archive for ◊ Daily Interest Rates ◊

Daily Mortgage Interest Rates Tues June 15th
Author: brandimince
• Thursday, June 17th, 2010

FHA 30 year fixed

4.50% + 0 + 1 

5.00% + 0 + 0 

 

Conventional 30 year fixed

4.50% + 0 + 1

4.75% + 0 + 0

 

Jumbo 30 year fixed

5.50% + 0 + 1 

6.00% + 0 + 0

 

* Rates are quoted based upon a fully documented, primary residence purchase money loan request with a 30 day rate lock and are subject to borrower qualifications.  Rates may vary for borrowers with fico scores < 740, 80/15/5 & 80/10/10 loan programs and loan amounts less than $100,000.

 

 

If you are interested in talking to someone about your options please call us or if you are interested in Homes for Sale in Plano, Frisco, McKinney, Allen and the surrounding area TEAM DECELL is who you need to call.  We also assist with New Construction Homes, Pre-Owned Homes, Foreclosure Homes and Short Sale Homes.  We are your home town experts and offer excellent customer service.  214-975-3210

Category: Daily Interest Rates, First Time Home Buyers, Mortgage Update, Real Estate News  | Tags:  | Leave a Comment
The Tax Credit is gone so what now?
Author: Team Decell
• Monday, May 10th, 2010

sold-picThe Tax Credit is gone so what now.  There are plenty of reasons to buy a home now (even without the tax credit).  The number one reason is that rates are still at historic lows.  Mortgage Interest rates continue to hover at 5%.  

 

Rates are still low – Just some interesting insight:

Let’s take a $200,000 mortgage:

Rates now around 5.00% - P & I Payment is $1,074

Rates increase to around 6.00% - P & I Payment is $1,199

Monthly savings is $125!  That’s over $45,000 saved over the life of the loan.  Wow!!

Rates increase to around 7.5% - P & I Payment is $1398

Monthly savings is $324!  That’s $117,000 saved over the life of the loan compared to 5%.  Wow!!

 

So, if you want to keep a payment of $1074 per month with the higher interest rates you will be limited to purchasing a home at $150,000.  That’s a big difference. 

 

rising-ratesYes, the $8,000 tax credit was a great incentive for borrowers, but the math doesn’t lie if you take time to analyze it.   It was only a short few years ago that interest rates were between 6.5% and 7.5% and we thought they were good then.  But interest rates are predicted to rise to that again.

If you have any questions regarding your options, call TEAM DECELL at 214-975-3210.

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Daily Mortgage Interest Rates Friday May 7th
Author: brandimince
• Friday, May 07th, 2010

FHA 30 year fixed
4.75% + 0 + 1
5.25% + 0 + 0

Conventional 30 year fixed
4.875% + 0 + 1
5.125% + 0 + 0

Jumbo 30 year fixed
5.50% + 0 + 1
6.00% + 0 + 0

* Rates are quoted based upon a fully documented, primary residence purchase money loan request with a 30 day rate lock and are subject to borrower qualifications.  Rates may vary for borrowers with fico scores < 740, 80/15/5 & 80/10/10 loan programs and loan amounts less than $100,000.

If you have mortgage questions or questions or would like more information regarding your options or ability to qualify for a loan call us.  If you have questions about Homes For Sale, Plano, McKinney, Allen and the Surrounding Area TEAMDECELL is who you need to call.  TEAMDECELL is your home town experts.  214-975-3210

Category: Daily Interest Rates, Mortgage Update  | Tags:  | Leave a Comment
Daily Mortgage Interest Rates Thursday May 6th
Author: brandimince
• Friday, May 07th, 2010

FHA 30 year fixed
4.75% + 0 + 1
5.25% + 0 + 0

Conventional 30 year fixed
4.875% + 0 + 1
5.125% + 0 + 0

Jumbo 30 year fixed
5.50% + 0 + 1
6.00% + 0 + 0

* Rates are quoted based upon a fully documented, primary residence purchase money loan request with a 30 day rate lock and are subject to borrower qualifications.  Rates may vary for borrowers with fico scores < 740, 80/15/5 & 80/10/10 loan programs and loan amounts less than $100,000.

If you have mortgage questions or questions or would like more information regarding your options or ability to qualify for a loan call us.  If you have questions about Homes For Sale, Plano, McKinney, Allen and the Surrounding Area TEAMDECELL is who you need to call.  TEAMDECELL is your home town experts.  214-975-3210

Category: Daily Interest Rates, Mortgage Update  | Tags:  | Leave a Comment