Wednesday, July 10, 2013

Mortgage Rates Today – 7/09/13

Mortgage Rates Today – 7/09/13

(LoanSafe.org) - Mortgage rates definitely showed mixed results over the last couple of weeks. However, they’ve significantly increased this week following June’s employment report. Keep in mind that interest rates will vary from one financial institution to the next, and may even fluctuate throughout the day. It’s crucial to compare what various banks are offering, and you can use our FREE rate search engine to help locate the best mortgage for you!
Both the FHA and conventional 30-year fixed rate mortgage (FRM) slightly decreased at Wells Fargo under both their home purchase and refinance program. The 15-year FRM also decreased along with the FHA and conventional 5-year adjustable rate mortgage (ARM).
The 30- and 15-year FRM went down, while the 5- and 7-year ARM went up at Chase under their home purchase program. The 30-year FRM decreased along with the 5- and 7-year ARM under their refinance program.
Just the 15-year FRM and 5-year ARM decreased at Bank of America under their home purchase program. The 30- and 15-year FRM dipped along with the 5-year ARM under their refinance program.
At US Bank, the FHA 30-year FRM increased, while the FHA and conventional 15-, 20- and 10-year FRM all decreased.
- See more at: http://www.loansafe.org/mortgage-rates-today-70913#sthash.iLJerAu6.mjIW07tP.dpuf


posted by Evan Bedard on July 9, 2013 in Current Mortgage Rates - See more at: http://www.loansafe.org/mortgage-rates-today-70913#sthash.iLJerAu6.mjIW07tP.dpuf