Archive for 6. January 2012

Michiana Mortgage Rates for the week of January 4, 2012

6. January 2012 by Tim Vicsik.

From the desk of:
Maribeth Roncz
Loan Officer
First Federal Savings Bank
906 W Edison Rd. Mishawaka, IN 46545

Mortgage Loan Interest Rates

Interest Rates and Annual Percentage Rates (APRs) are effective as of: 01/04/2012

FIXED RATES 0 points APR * 2 points APR *
30 YEAR 4.000 4.038 3.500 3.703
20 YEAR 3.750 3.804 3.250 3.534
15 YEAR 3.250 3.323 2.750 3.115
10 YEAR 3.250 3.356 2.750 3.282

ARM RATES 0 points APR **
3/1 ARM 3.250 2.997
5/1 ARM 3.750 3.220
7/1 ARM 4.000 3.440
10/1 ARM 4.500 3.924

FHA RATES 0 points APR **
30 Years 4.125 5.059
20 Years 4.000 5.271
15 Years 3.875 4.541

FHA Mortgage Loan - A borrower does not have to have perfect credit to qualify for an FHA mortgage. And FHA has many options to help borrowers stay in their home and avoid foreclosure.

Interest rates are subject to change at anytime and may be subject to additional fees, including delivery fees, depending on the loan program selected, LTV, credit history, and additional underwriting characteristics.

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