Current Mortgage Rates
Thursday, December 04, 2008
An Upfront Mortgage Broker is one who selects to conduct business in a direct and fully transparent way. The major differences between a UMB and a conventional mortgage broker are:
1. UMBs provide an advance notice of their fees to their customers as well as the wholesale price charged to the lender. The broker's fee in addition to the wholesale price of the loan is paid by the customers.
2. UMBs interests are associated with that of the customer's needs. They can act as representative of the consumer in scouting for loans. On the other hand, a conventional broker has a different interest with the customer.
3. Third party rebates are credited by UMBs to their customers. Customers are credited for any payments that would increase the fee of the broker to more than the agreed amount.
1. UMBs provide an advance notice of their fees to their customers as well as the wholesale price charged to the lender. The broker's fee in addition to the wholesale price of the loan is paid by the customers.
2. UMBs interests are associated with that of the customer's needs. They can act as representative of the consumer in scouting for loans. On the other hand, a conventional broker has a different interest with the customer.
3. Third party rebates are credited by UMBs to their customers. Customers are credited for any payments that would increase the fee of the broker to more than the agreed amount.
Why Select an Upfront Mortgage Broker?
Using & Choosing a Real Estate Agent
What is a Sub-Prime Lender?
Should You Borrow From the Builder's Lender?
How to choose the right Mortgage Broker for yourself?
Using & Choosing a Real Estate Agent
What is a Sub-Prime Lender?
Should You Borrow From the Builder's Lender?
How to choose the right Mortgage Broker for yourself?
How to best communicate with your Mortgage Broker?
What to expect from your Mortgage Broker?
Criteria for selecting your type of the Loan Provider
How to check references for your Mortgage Broker?
What all information do you need to take to your Mortgage Broker?
How to avoid Predatory Lenders Fees?
What is a Mortgage Broker?
Finding the Right Mortgage Lender
What is the Difference between Lenders, Brokers, and Loan Officers?
What are the different types of Loan Providers?
Is this Lender Reputable?
What do Mortgage Brokers Do?
What to expect from your Mortgage Broker?
Criteria for selecting your type of the Loan Provider
How to check references for your Mortgage Broker?
What all information do you need to take to your Mortgage Broker?
How to avoid Predatory Lenders Fees?
What is a Mortgage Broker?
Finding the Right Mortgage Lender
What is the Difference between Lenders, Brokers, and Loan Officers?
What are the different types of Loan Providers?
Is this Lender Reputable?
What do Mortgage Brokers Do?
Get Current Mortgage Rates
From Top Lenders
Mortgage Resources
- Adjustable Rate Mortgages
- Bad Credit Mortgages
- Bankruptcy
- Better Money Management
- Buying a House
- Credit Card Debt
- Debt Consolidation
- Debt Negotiation
- Home Equity Loan
- Interest Rates
- Locking the Rates
- Managing the Mortgage
- Mortgage Application
- Mortgage Calculators
- Mortgage Insurances
- Mortgage Payments
- Mortgage Qualification
- Mortgage Taxes
- Refinancing
- Second Mortgage
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Selecting a Loan Provider
- Finding Mortgage Lender
- Lenders Brokers and Loan Officers
- What are the different types of Loan Providers
- Is this Lender Reputable
- What do Mortgage Brokers Do
- What is an Upfront Mortgage Broker
- Why Select an Upfront Mortgage Broker
- Using and Choosing a Real Estate Agent
- What is a Sub-Prime Lender
- Should You Borrow From the Builder's Lender
- Selecting the Mortgage Features
- Selecting the Mortgage Type
- Shopping for a Mortgage
- Tips and Advice
- Current Mortgage Rates by State
Current Mortgage Rates*
Loan Type National Average |
|
| 30-yr. fixed | 5.88% |
| 30-yr. fixed jumbo | 7.62% |
| 15-yr. fixed | 5.50% |
| 15-yr. fixed jumbo | 7.50% |
| 7/1 ARM | 6.25% |
| 5/1 ARM | 5.88% |
| 3/1 ARM | 5.88% |
| 1-yr. ARM | 6.75% |
| 1-yr. LIBOR ARM | 6.12% |
| 10/1 ARM | 7.88% |
| 40-yr. fixed | 7.00% |
*Mortgage Rates Updated: 12/01/2008