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Mortgage Rate Increase Countdown

The count down is on for rate increases. It is only a matter of time until lenders decide to stop giving their money away and make us pay for it. Some lenders are offering rate sales right now, so this is the time to get pre-approved if you are wishing to buy a home this Spring. Call me today to hook you up with a respected & professional mortgage broker that can get you these rates:
 
CURRENT MORTGAGE RATES
Effective March 16, 2010


TERM                        BEST RATE              POSTED RATE
1 Yr Closed                     2.50%                         3.60%
2 Yr Closed                     2.85%                       
3 Yr Closed                     3.35%                         4.15%

4 Yr Closed                     3.69%                       

5 Yr Closed                     3.89%                         5.39%
7 Yr Closed                     5.05%                        
10 Yr Closed                   5.30%                        
 
Prime Rate: 2.25%
5 Year Variable @ Prime - 0.40%

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