Hoboken Mortgages| Mortgage Rate Update

Hoboken Mortgages | Mortgage Rate Update

Just got this from my preferred mortgage broker - Mike Mundy from Pinnacle Mortgage..
MMundy@pinnaclemortgage.biz

"It’s been a tough week for mortgage rates, so you will see a slight increase on rates for some of the mortgage programs listed.   Overall, rates are still at a very low level.

Here are the current rates … if you have any questions, please let me know. 

**Keep in mind that every borrower’s situation is different, and each must be evaluated individually.

Rates could be higher, or lower, depending on each individual scenario!!**

REVISED November 16^th, 2010---- 11:00 AM ET
Lock Period = 45 Days

CONVENTIONAL CONFORMING LOANS  (loans less than or equal to $417,000)   

30 YEAR FIXED ---------------------------- 4.375%/ 4.393% APR

30 YEAR FIXED INTEREST ONLY--- 5.125%/ 5.139% APR

15 YEAR FIXED----------------------------- 3.750%/ 3.883% APR

5 / 1 ARM------------------------------------- 3.250%/ 3.091% APR

7/1 ARM ------------------------------------  3.500%/ 3.341% APR"