Mortgage Rates Dip!

As the US Economy experiences lows, and the stock market is going down with it, the housing market continues to be troubled indeed. This results in mortgage rates going down as well with fixed 30 year mortgages at 4.66 percent, compared to last week’s 4.71 percent.

15 year fixed rate mortgages are also experiencing a dip with a 3.83 percent rate, compared to last week’s 4.00 percent. Only the jumbo fixed rate mortgage digressed from the pack, with an increase in 3 basis points up to 5.23 percent this week.

Apparently the weakness in the housing market was reflected in the declining sales of existing homes, including single family units, town houses, condominiums and cooperatives. Although these might be distressing times for the US economy, these lows in mortgage rates can actually be a cause of rejoicing for those who are looking to a buy a new home.

Just like savvy stock market investors who actually thrive on economic crisis, home buyers can expect a buying spree, that is if they have the means. Real estate investors who have made it through the crunch can now use their creativity to purchase properties at all time low prices.

Here are some banking institutions that can give these low mortgage rates as reported. All rates are for 30 year fixed mortgages in annual percentage rates.

1. Ever Bank – 4.238%
2. AimLoan.com – 4.351%
3. Mortgage Capital – 4.375%
4. Total Mortgage – 4.400%
5. Pleasant Valley – 4.457%
6. Aurora Bank – 4.540%
7. WSFS Bank – 4.510%
8. Investors Savings Bank – 4.660%
9. Quicken Loans – 4.750%
10. CapWest Mortgage – 4.803%

Rates may vary with different states, so make sure to double check if the rates are the same for your area. Also, your state just might have some juicy finds when it comes to low mortgage rates. As Warren Buffet would say, “Be strong when others are fearful, and be fearful when others are strong”.


Amerisave gives low Mortgage Rates This June!

There’s no better feeling than owning your own home. But before that feeling of satisfaction comes a time of negotiation. And that’s not only for a good price, but for good mortgage rates as well. Own your home this June with low mortgage rates from Amerisave, saving you money down the future.

Getting a loan with Amerisave is made simple. First you search your rates and find the loans best for you, then simply download the loan documents, sign them, and mail them back to Amerisave.
Amerisave will then process and underwrite your loan subject to appraisal and inspection. Once that’s done, they will arrange to close your loan at an attorney’s office closest to you. It’s that simple!

Amerisave is also one of the largest retail mortgage lenders, providing low rates and excellent customer service. Shopping for mortgages is easy and hassle free because you can do it from the comfort of your own home with only the use of your computer. Here are Amerisave’s mortgage rates for the month of June:

1. 30 Year Fixed
Rate: 3.875%
APR: 4.226%

2. 15 Year Fixed

Rate: 3.250%
APR: 3.504%

3. 7 Year ARM
Rate: 2.250%
APR: 3.028%

4. 5 Year ARM
Rate: 1.625%
APR: 2.890%

5. 3 Year ARM

Rate: 1.750%
APR: 3.076%

Amerisave is backed by hundreds of customer feedback praising the quality of service, and the timeliness of action customer support of the Amerisave staff has shown. There are hundreds of employees under Amerisave in all 50 states within the country, making location not a problem. All mortgage products are offered including VA, USDA, Non Comforming Alt A and Full Eagle Direct Endorsement with FHA. With the wide range of products to choose from, it won’t be difficult to find the right loan for you.

Try applying for a mortgage with Amerisave now. Rates are low, service is good, now all you need is your application.