Lowest Mortgage Rates from Amerisave Fosters Hope in the Mortgage Rate Trend

Amerisave Lender offers unbelievably low mortgage rates, which stands to play a definitive role in this week’s mortgage rate trend.

Economists predict that there is a 47% possibility of these rates to either rise or remain unchanged. Some experts say that with the ongoing European crisis, many lending institutions are securing their payroll taxes. If this happens, the extended cost could be passed on to the buyers, resulting in higher mortgage rates.

However, some experts disagree. With the show of little volatility in trade, mortgage trends are predicted to remain the same. Only 6% think otherwise, choosing to be more optimistic and believing that the current fix of 3.250% will potentially go lower in the days to come.

Amerisave put on spotlight

With these predictions, no wonder Amerisave’s ultra low mortgage rates are trending. Starting from a loan of $417,000, you can get these rates as follows:

Rate APR
30-year fixed 3.250 3.469
15-year fixed 2.750 2.911

With an FHA loan, only differences to a decimal are worth noting:

Rate APR
30-year fixed 3.250 3.924
15-year fixed 2.750 3.058

For those who are seeking to ride along with the ups and downs of the market, the AMR rates for Amerisave are placed as:

7 year AMR 1.875 2.510
5 year AMR 1.375 2.396
3 year AMR 2.000 2.656

Overall, these rates fare better than most lending institutions or banks. New American Mortgage sets at 3.878% APR, while The Money Store places in at a close 3.669%.

If you’re planning on a new purchase, or refinance, doing so within this week’s timeframe may help you save a lot. Of course, this is in relation to economists’ prediction of the low chance of mortgage rates to go down any further. Unless you want to wait it out, securing your purchase now may be a good idea.

About Amerisave

Amerisave is among the largest and reputable mortgage lenders in the country. It offers services which range from funding, processing, closing, and underwriting at the best prices you can imagine.

Planning and making your transaction is easier when you apply for their online customer service center. With this, you can lock in your loans or purchases at anytime, and anywhere. You can download all related documents, while you wait for confirmation of agreement. Once it’s done, arrangements are smoothly facilitated so you can start choosing your new dream home.

Nation’s Lowest Mortgage Rates Available From LenderFi

As they say, the year 2012 is the year of new things. It’s just not right to say that getting a new house is a good way to start the New Year, because in fact, it is the best way of starting new things in life; not just for yourself but also for your family. After all, you owe it to yourself for having several years of hard work and spending endless hours in the office. For every home dreamer, you’re just in time for LenderFi.com’s year ender bonus, because as of December 30, 2011 they offer one of the country’s lowest rate for a thirty-year fixed mortgage.

The Difference a Few Decimals Can Make

In the above-specified mortgage, LenderFi.com only applies an annual percentage rate of 3.612%. That’s several points lower than Quicken Loans 4.361%, which is one of the highest mortgage rates offered as of today. Even the second lowest mortgage rate offered by AimLoan which is 3.799%, still constitutes a huge difference in calculating the expected accrued mortgage interest rate every year.

Through a simple application, you can now purchase your very own home or refinance your current home regardless of what State you are currently in. Whatever the case may be, availing of LenderFi.com’s thirty-year fixed mortgage rate is still a win-win situation because their mortgage rates are designed to give more pro-clientele advantages rather than disadvantages.

Lenderfi.com’s Mortgage Rates

30 Year Fixed Rate to $417,000

Rate – APR
3.500 – 3.612
3.625 – 3.663

15 Year Fixed Rate to $417,000

Rate – APR
3.000 – 3.068

5/1 ARM to $417,000

Rate – APR
2.250 – 3.072
2.375 – 3.087
2.500 – 3.110

30 Year Fixed Rate to $625,500

Rate – APR
3.625 – 3.814
3.750 – 3.847
3.875 – 3.901

Application Procedures

With LenderFi.com’s lowest mortgage rate offer, you are assured to get your dream house without worrying so much about your financial expenses. Even the standard guidelines in purchasing a home will not be violated with this incredible mortgage rate. Just log on to their official website and complete their mortgage application forms in three easy steps:

• Step 1. Search a personalized mortgage rate;
• Step 2. Choose the loan that best suits your needs; and
• Step 3. Submit your application online or call their hotline numbers for further assistance.

BBB’s Accreditation

LenderFi.com is one of the few lending institutions which have been given an A+ accreditation by the Better Business Bureau. That way, you won’t have to worry about any uncertainties that often come up with scam transactions usually conducted by unreliable lenders. LenderFi doesn’t just commit, they apply themselves in order to give you the best services there is for the realization of your dreams.

Mortgage Rates Finally Rise

Last week things finally started looking up for the US economy. Investors have started becoming less pessimistic about the debt crisis in Europe, and it seems that confidence in the market is regaining. This led to the rise of mortgage rates this week, and hopefully for the sake of the economy, the trend will keep going up.

Mortgage Rates Last Week

The benchmark 30 year fixed mortgage rose as high as 16 basis points last week, going up to 4.37%. Although this is a sharp rise and has been the best improvement for about 2 months, this rate still registers among the historic lows.

The benchmark 15 year fixed mortgage also followed suit with the rise, gaining 13 basis points to 3.59 percent. The 5/1 adjustable mortgage rate also rose 15 basis points to 3.26 percent, and jumbo 30 year fixed rates went up to 4.9 percent or 8 basis points.

Again, the 30 year fixed mortgage rise is the highest we’ve seen since August 31st when the rate was also at 4.37 percent. But this still falls short since one year ago, the rate was at 4.47 percent.

Mortgage Rate Predictions This Week

Despite the sharp spike of mortgage rates last week, only 27% of financial analysts predict that the rates will continue to go up. Their reason for the continued rise is the growing loan demand and the hope of improvement of the economic situation in Europe. However, 55% of analysts say that the rates will be going down because despite the hope that Europe will find a solution to their debt problem, there is still no concrete plan or evidence to back up this claim.

What This Means for Refinancers

Despite the sudden climb of interest rates for mortgages, many analysts say that the rates are unlikely to rise during the next few weeks. For those who are looking to refinance their home and who are still in the process of applying, analysts are saying that there’s no need to lose sleep over the potential rise of rates next week. However, this smorgasbord of low rates have been dangling in our faces for more than two months now, and despite the majority vote that rates will not go any higher, it is best to lock in that rate while it is still in historic lows. Even in the stock market, nobody can really predict when rates will hit rock bottom, so the best thing to do is be satisfied with the fact that the rate you lock in now has been one of the lowest in the past 50 years.

Low Mortgage Applications Leave Bankers Asking Why

Since last August, America has yet again fallen into another economic slump. It somehow seems all too soon with the 2008 recession still fresh on our minds, but with the ongoing debt issue in Greece and the instability of the European market, it seems rumors about another recession may not be too far from the mark. One consequence of a bad economy is of course, a poor housing market. This results in lowered mortgage rates, making today the perfect opportunity for home buyers and refinancers to take on a new mortgage. And if that isn’t enough, large banks are now slashing fees on closing costs, making the acquisition of a new home more affordable than ever.

Recently, Capital One Bank waived some of their closing fees for refinancers, resulting in a whopping savings of $3,300 on the average. Bank of America and Citibank also placed a discount on their fees by as much as 0.75 percentage points. Mortgage rates are also hitting record lows week after week. Just a few days ago the benchmark 30-year fixed rate mortgage fell to 4.18 percent, this is one of the lowest rates that the nation has ever seen for the past 50 years. However, despite these ridiculously low rates and tempting offers, bankers remain puzzled by the lack of mortgage applications. The question now is, why aren’t mortgage applications coming in by the bulk?

Why Mortgage Applications Remain Low

There are several reasons why mortgage applicants are keeping their feet off the water. First of all, potential borrowers are still wary of the economy’s current standing. Although the problem lies mainly in Europe, this still holds a negative impact on the US stock markets. Potential homeowners are also aware of the poor resale values their new homes might have. Since the peak of the housing boom in 2007, homes have lost nearly a third of their value. This instability in housing prices have borrowers wondering if they will be paying too much for their home in the long run.

The second reason why mortgage applications haven’t risen as expected is clearly because of unemployment status. No matter how low mortgage rates are and how juicy bank promotions will be, the bottom line is that many potential homeowners just can’t afford to get a new mortgage. America’s unemployment rate is currently at 9.1% last September, when supposedly the average since 1948 is only at a low 5.7%. This means roughly 14 million Americans without a job. Aside from that, private payrolls rose to only 100,000 jobs per month which is half of the rate posted earlier this year.

And finally, the irony of it all lies in the qualifications that banks are setting. Apparently the incentives that banks are offering come with a catch. For those who wish to avail of Bank of America’s offer, borrowers must at least have $50,000 in savings. Other banks are also looking to give their low mortgage rates to those who have near perfect credit scores.

With all these setbacks that are causing a halt on mortgage application, it is interesting to note that there are some consumers who are simply waiting out for an even lower rate to come their way. It has also been reported that some banks are not yet releasing the lowest rates they’ve got simply so they wouldn’t be overwhelmed by the number of loan applications.

Apparently there are a number of reasons why loan applications haven’t risen as expected. It now is a question of which among these reasons is the most prevalent. What about you? What’s keeping you from getting that new mortgage?

Mortgage Rates Hit Another Record Low

According to the Primary Mortgage Market Survey the national average for the 30 year fixed interest rate has dipped below 4%.

The average 30 year rate is 3.94% with .8% in fees and points.

This rate sets a new record low for interest rates. The first week of October in 2010 the average 30 year rate was 4.27%.

What does this mean for borrowers?

Now is an excellent time to be able to purchase a house, or if you have equity to refinance. There are reports that some borrowers are still on the fence, wondering if rates are going to bottom out anymore.

Last year there were the same concerns. A common question we got was, “Are Mortgage Rates Going to Go Up in 2011?

At the end of 2010 mortgage rates started to rise. It looked like rates in 2011 would go up and stay up. In February rates hit 5%, but sense then have again declined to the current record low.

Investors are still extremely cautions, the economy remains in shambles, there is a threat of a second recession, unemployment is still very high, the housing market has not turned around. All of these factors are contributing to the low interest rates.

Are the low rates going to stick around?

Yes and no. In there short term there is no economic forecast that would suggest rates will increase “over night”. Once mortgage rates increase for good it will most likely be a slow process following the recovery of our economy and the housing market.

Should I buy or refinance?

Yes. Record low housing prices and record low rates is a recipe for a great home with a low payment. Even if house prices stay low for a few more years it is still an incredible opportunity to purchase a home. In fact never in the last 50 plus years have Americans had the opportunity to get locked into such an incredibly low 30 year interest rate.

Mortgage Capital Associates Offer Nation’s Best Mortgage Rates

Mortgage rates are already at an all time low with the economy bringing the housing market down. This makes it the best time for home buyers and refinancers to avail of extremely low rates. Despite the nationwide decrease in housing loan rates, consumers should still be on the lookout for the best deals available.

Today, one of the nation’s best mortgage rates are being offered by Mortgage Capital Associates. Currently, they are offering a 3.875% rate on a 30-year fixed loan which is incredibly low as compared to the national average of 4.29%. Other rates from Mortgage Capital Associates is 3.250% for a 15 year mortgage and 2.75% for a 5/1 ARM.

Mortgage Capital Associates have been in business for 25 years and is one of the nation’s top 200 lenders. MCA has also been one of the first few lenders who used the Internet as a way of marketing the firm. They made it easy for consumers research mortgage rates and get the assistance that they needed. Today, MCA lives up to its mission by providing a quick quote feature on their website where only minimal information is needed for a quote to be obtained.

One of the best things about Mortgage Capital Associates is that it is currently operating and licensed in 38 states within America making themselves more available to their consumers.

To top it all off, it is possibly to apply for a loan online by simply filling up their online form. They also provide a number wherein you can call them anytime and they will have a customer representative assist you.

Mortgage Capital Associates surely beats other mortgage lenders in terms of rates. It also offers the usual online services that bigger lenders are offering. However, it is always best to keep researching for the right lender who can help make the loan or refinance process easy for you. Just make sure not to look too long since the current mortgage rates make it ideal to lock in now.

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”.

6 Smart Tips To Get The Best Mortgage

Home mortgages can stick around for as long as 30 years. Don’t regret the mortgage you got yourself into because of lack of research. Here are six smart moves you can do before getting a mortgage. These steps just might save you thousands of dollars.

1. Scrutinize Your Credit Report

It’s common knowledge that a good credit score can lead to lower mortgage rates. So before applying for a loan, make sure your credit score is accurate. You can do this by scrutinizing credit reports from the three major credit-reporting bureaus and check the information that they have recorded. It is possible that some discrepancies could be present that can affect your credit score. Checking and verifying just might get you that lower rate.

2. Look for the best mortgage rate

Aside from getting your credit score ready, a big chunk of getting a good mortgage is from the rate that the lending institution can give. There are thousands of lenders and banks that can give you a loan, don’t be shy to look for the best rates. Start by checking online reports of the best mortgage rates available in your state.

3. Get Pre-approved

Getting yourself preapproved from your lending institution of choice can give you a clear idea of just how much you can borrow. The institution will evaluate your information and they will give you how much they can give you. Plus, getting preapproved can establish your credibility with sellers and real estate agents who will look at how you can get financing.

4. Find out how much you can afford

Most people can get drawn by beautiful houses they just cant afford. Be realistic when shopping for homes and be aware of external factors such as association fees and maintenance costs. This could greatly affect your monthly budget and there’s no way to cut down on these costs once you’ve got yourself into it.

5. Decide if buying down the interest rate is practical

One way to get the interest rate down is by paying discount points on the mortgage. What happens here is that you pay money up front in exchange for a lower interest rate for the rest of the loan term.

One point equals 1% of your loan. If you’re borrowing $200,000, then a point would cost you $2,000. Each point can take off one-eighth to one-quarter of a percentage point off your rate.

Buying down the rate is only useful if you plan to stay in that home for the long term. Also this is feasible if you do have the extra cash at hand.

6. Strike a deal with Sellers

Another way to bring down your interest rate is by negotiating with sellers to let them pay the points. Paying points can cost less for sellers than reducing the price of their home. This can be an effective way to solve negotiations on pricing. It’s both advantageous to the buyer and the seller as well.

Doing a little extra work can mean major savings. And for something as big as getting a home loan, taking that added measure should be well worth your time.

Low Rates and Easy Loans with SpeedTrack Loans

SpeedTrack Loans is a financial institution that specializes in giving home loans from fixed mortgages to refinancing. Right now, SpeedTrack Loans is offering 30 year fixed mortgages with a fixed rate of 4.375%. With the average mortgage rate running at 4.77%, this rate is about one of the lowest borrowers can get.

And the rates aren’t the only thing that’s good about SpeedTrack Loans. This institution provides a user friendly website that allows people to enter brief information on their online form and a selection of what kind of loan you want. Their mortgage lender department will then contact you to know more about your situation.

Giving out of information isn’t a one-way street. SpeedTrack Loans will provide you with a wide variety of contact information to choose from like e-mails, phone numbers, and even pagers so you can get a hold of their personnel in a quick and efficient manner.

People who are low on cash for down payments also have a reason to rejoice. If you can’t afford a 20% down payment, SpeedTrack Loans allows you to give only 5% while still being able to qualify for a 30 year fixed mortgage on your primary residence. Their loan categories include refinance loans, home purchase loans, and home equity loans.

Other rates is 3.625% for 15 year mortgages, and 2.75% for 5 year ARM’s. Finally, SpeedTrack Loans is not location sensitive. Being an online lender, anyone from all over the USA can apply for a loan. What more can you ask for? Check out their website to see what SpeedTrack Loans can truly offer you.

The Lowest Rates for 30 Year Fixed Mortgages

With 30 year mortgage rates going as high as 5.2%, homeowners wonder, is there anywhere else we can get a lower rate?

Browsing through several banks and lenders, you wouldn’t be surprised to see the rate somewhere between 4.8 to 5.2%. However, there are some banks and lenders that can give you the lowest mortgage rate amongst all. With a 4.750% interest rate on a 30 year fixed rate mortgage, homeowners can give a sigh of relief. Some of the institutions that can give you these rates are:

1. Ever Bank – Ever Bank, located in Jacksonville, Florida, gives you a 4.750% mortgage rate on properties located in Jacksonville and within Duval County. For added spice, Ever Bank is giving out a promotion of having as much as $500 off in closing costs. Ever Bank also gives out the lowest APR with 4.784%. Fees in APR is $647, and the estimated payment is $861.

2. Freedom Mortgage – Also with a 4.750% interest rate, Freedom Mortgage a low APR with 4.802%. Fees in APR is $995, and the estimated payment is the same as Ever Bank at $861.

3. Aimloan.com – Interest rates are at 4.750% for a 30 year fixed rate mortgage, and APR is at 4.856%. The fees in APR are substantially bigger than the others, with fees at $1,995. Estimated payment at $861.

4. Directors Financial Group – Interest rates remain at 4.750%, with APR at 4.845%, the highest APR compared to the rest of the institutions who give the same interest rate. Fees in APR is $1,795, and estimated payment is $861.

5. Mortgage Capital Associates – located in West Los Angeles California, Mortgage Capital Associates gives you a 4.750% interest rate, with the lowest APR in the same rate. There are no fees in APR, and the estimated payment is $861. By far, this institution gives you the best deal in rates and fees.

When looking for a loan to cover the expenses on buying a home, it’s important to consider the interest rate. A difference of .1 could mean a difference in hundreds or thousands of dollars out of your pocket. Fixed rate mortgages may seem like they have a higher interest rate, but they lack the risk which adjustable rate mortgages pose in case the national rates go up.

Also, when shopping for a mortgage, it’s best to check the fine print of the bank or the financial institution you plan to get a loan from. Hidden fees and charges could prove to be heavy, and make sure to deal with a stable institution with great terms and perhaps flexibility. Using a mortgage calculator will also help you in seeing just how much you’re going to pay in the end.

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