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Rates
At-a-Glance
8/27/10
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MBA Weekly Averages
| 30-Year Fixed 4.55
15-Year Fixed 3.91
5-Year ARM 3.56
Rates may include points
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RATEWATCH
MORTGAGE
BANKERS ASSOC
Weekly Rate Survey Aug 27th 2010 MBA weekly survey of
interest rates shows the
average contract rate on
30-year fixed-rate mort-
gages increased to 4.55
percent from 4.43 per-
cent one week earlier on
80 percent LTV loans.
Average contract rate
for a 15-year fixed-rate
mortgage increased to
3.91 percent from 3.88
percent one week before
for 80 percent LTV loans.
Average contract rate
for five-year ARMs
remained at 3.56 per-
cent from 3.56 percent
one week earlier for 80
percent LTV adjustable
rate loans. _________
RATEWATCH
_________
Keep an eye on interest rates with our weekly updates. We can almost always do better than MBA averages shown.
You may also determine how much home you can afford using our easy-to-use home-finance calculator: |
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 Mortgage Rate
'Lock' or 'Float'
_______
Locking the rate means
that the lender commits
to the mortgage loan
interest rate, typically
at time the application
is submitted. This may
be for a short period
prior to closing or for an
an even longer period of
up to 60-days or more.
By choosing to 'float the
rate" you can lock the
interest rate anytime
between loan application
date and day of closing.
Buyers may opt to float
the loan when they
believe that interest
rates will drop after
their loan application
date, prior to closing.
The risk, of course, is
rather than dropping,
interest rates may rise,
thereby increasing the
mortgage re-payments.
See Consumer Guide
to locking loan rate:
Rate Lock
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SOUTH FLORIDA
Residential Mortgage Services™
|  |
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| Mortgage Rates Still Near All Time Lows! 
|
SOUTH FLORIDAResidential Mortgage Services™
____________________ 30-YEAR
FIXED RATE
$150,000 Loan
for $764 per month! 
____________________ South FloridaBUYERSIDE Realty™ |
SOUTH FLORIDAResidential Mortgage Services™
____________________ 15-YEAR
FIXED RATE
$150,000 Loan
for $1,102 per month!
____________________ South FloridaBUYERSIDE Realty™ |
SOUTH FLORIDAResidential Mortgage Services™
____________________ 5-YEAR
FIXED-RATE
Low Payment!
Security of Fixed-Rate
$678 Monthly Payments
on $150,000 Loan!
____________________
South FloridaBUYERSIDE Realty™ |
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Finding Solutions to Homebuyer Dreams! Some great reasons for getting your home-purchase
mortgage application and pre-approval on its way right here:
Click on image for Home Page:
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Phone: (954) 972-3500 Get Info: Contact Us Your Complete South Florida Residential Real Estate Resource!  |
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