Fort Lauderdale Mortgage Interest Rates Update: June 8, 2011

Mortgage-backed securities, which move interest rates, are improving once again today which is good for interest rates.  Interest rates paying NO POINTS in Fort Lauderdale and South Florida are as follows today on a $250,000 purchase price, 740 credit score, 25 day lock period, primary residence, single family detached home, with escrows are:

•  4.625% on a 30 year Conforming fixed rate mortgage with 20% down (APR 4.72%)
• 4.375% on a  30 year FHA fixed rate mortgage with 3.5% down (APR 5.265)

Call or email me for Jumbo Rates  and Adjustable Rate Mortgages in Fort Lauderdale and South Florida