Continued availability of these historic rates is great news for home shoppers
Wilmington, NC (PRWEB) May 30, 2012
Mortgage rates on average have been largely unchanged, as they hover near the historic low point for 30 year fixed and 15 year fixed products, reports mortgage rate research website, BurlingtonMortgage.biz. Mortgage pricing advertised by home lenders in the rate tables on the site confirms that mortgage rates are at incredibly low levels. On Friday, May 25th, 2012 30 year fixed mortgage rates were posted as low as 3.375% (APR: 3.477%, Points: 0.85, Fees: $835, Lender: Federated Mortgage Corp, State: PA.)
15 year fixed pricing was advertised as low as 2.875% (APR: 2.961%, Points: 0, Fees: $1200, Lender: Integrated Financial Group,) and 5/1 adjustable rate mortgage rates were posted as low as 2.375% (APR: 2.451%, Points: 0, Fees: $1995, Lender: AimLoan.com.)
Mortgage pricing data released Thursday, May 24th, 2012 in the weekly survey of mortgage rates from Freddie Mac, a government sponsored enterprise and purchaser of mortgage loans on the secondary market, confirmed that mortgage rates have not risen above historically low levels. The survey showed that average 30 year fixed mortgage rates across all US markets were 3.78% (0.8 points) for the week ending May 24th, 2012. This was a slight drop from 3.79% (0.7 points) one week earlier. 15 year fixed pricing was unchanged, remaining at 3.04% (0.7 points.)
"Continued availability of these historic rates is great news for home shoppers," commented Nat Criss, Managing Partner of CMG Equities, LLC, which runs BurlingtonMortgage.biz. "We know a lot of potential buyers are motivated and researching home financing while they look for that perfect home. It's great that this low rate window hasn't passed them by, and new purchase transactions are started every day," he continued.
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 5/25/2012. Pennsylvania mortgage rates represented in this sample. Rates are subject to change. Please visit the site to view the criteria used in the survey.
30 Year Mortgage Rates (0 Points)
Integrated Financial Group - 3.625% Note Rate, 3.674% APR, $1200 Fees
AIMLoan.com - 3.625% Note Rate, 3.707% APR, $1995 Fees
20 Year Mortgage Rates (0 Points)
Federated Mortgage Corp - 3.375% Note Rate, 3.422% APR, $835 Fees
AIMLoan.com - 3.500% Note Rate, 3.613% APR, $1995 Fees
15 Year Mortgage Rates (0 Points)
AIMLoan.com - 2.875% Note Rate, 3.019% APR, $1995 Fees
EverBank - 3.000% Note Rate, 3.062% APR, $855 Fees
5 Year ARM Rates (0 Points)
EverBank - 2.500% Note Rate, 2.533 APR, $855 Fees
Integrated Financial Group - 2.375% Note Rate, 2.407% APR, $835 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.
Update 2/19/2013: BurlingtonMortgage.biz is now PriceAMortgage.com which is also owned and operated by CMG Equities, LLC in Wilmington, North Carolina.