When mortgage rates go up and then come back down it often serves as a reminder that these incredibly low rates we're seeing aren't going to last forever
Wilmington, NC (PRWEB) April 03, 2012
Update 2/19/2013: BurlingtonMortgage.biz is now PriceAMortgage.com which is also owned and operated by CMG Equities, LLC in Wilmington, North Carolina.
Mortgage rates have fallen after two weeks of increases, reports mortgage rate research website, BurlingtonMortgage.biz. The lower pricing has piqued the interest of mortgage shoppers and as a result page views on the website are up fifteen percent for the week of March 30th, 2012 when compared to the previous week. Consumers are also spending more time on the site, up 75% on average, showing that visitors to BurlingtonMortgage.biz are investing time into researching which lenders have the best pricing.
The interest rate decrease was seen across most mortgage products. On Friday, March 30th, 2012 30 year fixed rate mortgage pricing as low as 3.875% (APR: 3.958%, Points: 0, Fees: $1995, Lender: AimLoan.com) was advertised in the rate tables on BurlingtonMortgage.biz. 15 year fixed rate pricing was displayed as low as 3.000% (APR: 3.209%, Points: 0.444, Fees: $1995, Lender: AmeriSave), and 30 year FHA pricing as low as 3.750% (APR: 3.951%, Points: 1.75, Fees: $1345, Lender: Close Your Own Loan.com.)
"When mortgage rates go up and then come back down it often serves as a reminder that these incredibly low rates we're seeing aren't going to last forever," commented Nat Criss, Managing Partner of CMG Equities, LLC, which runs BurlingtonMortgage.biz. "Homeowners who could save by refinancing at today's rates but have been putting it off might be encouraged to take action now that average thirty year fixed rate pricing is again under 4.000%."
Current mortgage rates for a number of different residential mortgage programs can be viewed on BurlingtonMortgage.biz. Below is a snapshot of mortgage rates for a variety of products listed on the site on 01/20/2012. Arizona mortgage rates used in the following examples. Rates are subject to change. Please visit the site to view the criteria used in the survey.
30 Year (0 Points)
Quicken Loans - 4.375% Note Rate, 4.474% APR, $1557 Fees
AmeriSave - 4.125% Note Rate, 4.209% APR, $1995 Fees
15 Year (0 Points)
AimLoan - 3.375% Note Rate, 3.270% APR, $1995 Fees
Quicken Loans - 3.625% Note Rate, 3.758% APR, $1807 Fees
5 Year ARM (0 Points)
AimLoan - 2.500% Note Rate, 2.576% APR, $1995 Fees
Quicken Loans - 3.375% Note Rate, 3.438% APR, $1557 Fees
7 Year ARM (0 Points)
AimLoan - 2.875% Note Rate, 2.953% APR, $1995 Fees
BurlingtonMortgage.biz is a website that offers information regarding mortgages and personal finance. BurlingtonMortgage.biz is owned by CMG Equities, LLC based in Wilmington, North Carolina.