Peggy Smith’s Stowe VT Real Estate Blog » Mortgage Rate Update http://blog.peggysmithvt.com Peggy Smith’s Stowe VT Real Estate Blog Tue, 27 Jul 2010 16:02:30 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Mortage Watch: Rate Update http://blog.peggysmithvt.com/2009/02/11/mortage-watch-rate-update/ http://blog.peggysmithvt.com/2009/02/11/mortage-watch-rate-update/#comments Wed, 11 Feb 2009 16:30:23 +0000 Peggy http://blog.peggysmithvt.com/?p=110 I found this great blog, thanks to Jeff over at National Morgage. It is called Mortgage News Daily, you’ll find it in my blogroll moving forward.

Check out yesterday’s rate update “Wednesday 2/11…Decent Rally Yesterday in MBS” or for daily updates check out the Mortgage Watch.

]]> http://blog.peggysmithvt.com/2009/02/11/mortage-watch-rate-update/feed/ 2 Mortgage Rate Update 2-4-09 http://blog.peggysmithvt.com/2009/02/04/mortgage-rate-update-2-4-09/ http://blog.peggysmithvt.com/2009/02/04/mortgage-rate-update-2-4-09/#comments Wed, 04 Feb 2009 15:35:14 +0000 Peggy http://blog.peggysmithvt.com/?p=109 Check out the latest interest rates I received from Jeff Teplitz of National City Mortgage in Williston, VT. FHA rates are slightly stronger than the conforming 30 year loan.

Paying points may be back in style. At this time the difference between the 30 year, no point loan and the 30 year 1 point is .875%.  The net savings is $54.72 per $100,000 of loan amount per month.

It will only take 18 months to realize the savings of paying the 1 point.  Well worth it to get a 5.00% interest rate.


Conforming 30 Year Fixed
30 day lock rate 0 points: 5.000%
30 day lock with 1 point: 5.875%

Conforming 15 Year Fixed
30 day lock rate 0 points: 5.250%
30 day lock with 1 point: 4.625%

Conforming 20 Year Fixed
30 day lock rate 0 points: 5.375%
30 day lock with 1 point: 4.625%

FHA 30 Year Fixed
30 day lock rate 0 points: 5.500%
30 day lock with 1 point: 5.250%

FHA 15 Year Fixed
30 day lock rate 0 points: 4.500%
30 day lock with 1 point: 4.500%

*rates effective 2/03/09 for 30 day lock.  Credit score and loan to value will effect rate
**rates may change at any time with out notice – rates quoted are for best credit score customers

Provided by:
Jeff Teplitz
National City Mortgage
75 Talcott Road Suite 70
Williston Vermont 05495
(802) 879 4424 ext 234

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