Please notice the three mortgage rates for the three most popular mortgage products above (30-year, 15-year, 1-year). Take note that the table only covers basic mortgage programs and rates. For more specific programs, please use the form below. The table is automatically fed rates once per day. If there is a great deal of movement on the financial markets, rates may change several times in one day. The table is maintained by an outside service vendor who does an excellent job but rates are not guaranteed until locked.
A brief note on mortgage rates and why they move up and down
Most lenders price
their products in relationship to the yield on "Mortgage Backed Securities" issued
by Fannie Mae or Freddie Mac. These indexes are not commonly reported in the
press so it is difficult for most people to track mortgage rates. However, newspapers
will report changes in the 10 year Treasury Bond and this bond does frequently
mirror changes in Mortgage Backed Securities and is a good way to track changes
in mortgage rates. If the yield is increasing, mortgage rates are increasing,
if the yield is decreasing mortgage rates are decreasing.
We offer hundreds of loan programs and today's interest
rates for mortgages on each can change daily (or even more frequently in a volatile
Please use this simple form to give us some information about your interests
and we will be happy to email a quote to you.