Fort Lauderdale Mortgage Interest Rates Update: June 10, 2011

Mortgage-backed securities, which move interest rates, are moving lower today after getting hit hard yesterday which is bad 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%)
• 3.875% on a 15 Year Conforming Fixed rate mortgage with 20% down (APR 4.033%)
• 4.375% on a  30 year FHA fixed rate mortgage with 3.5% down (APR 5.265)

On a Jumbo loan with a loan amount under $850,000 putting 20% down paying no points with the same parameters as above interest rates are at 5.25% (APR 5.301%)

Call or email me for interest rates on Adjustable Rate Mortgages (ARMs) in Fort Lauderdale and South Florida