Tips on Mortgage Closing Costs

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Last Weeks Rates

GroupOne Mortgage
916-383-4185

30-year Conforming 5.75%
(APR: 6.02%)
15-year Conforming 5.50%
(APR: 5.96%)
5-year Conforming 5.375%
(APR: 5.89%)

Sierra Capital Financial
916-613-6533

30-year Conforming 6.00%
(APR: 6.25%)
15-year Conforming 5.65%
(APR: 5.98%)
5-year Conforming 5.44%
(APR: 5.93%)

Velocity Mortgage
214-481-0816

30-year Conforming 6.10%
(APR: 6.31%)
15-year Conforming 5.70%
(APR: 6.11%)
5-year Conforming 5.57%
(APR: 6.12%)

Last Updated: November 14, 2008

Current Rates

November 21, 2008	Current Rates	52-Wk High
Fed Funds:	1.00%	4.50%
Prime Rate:	4.00%	7.50%
LIBOR:	2.15%	5.15%
30-yr Mortgage:	6.14%	6.61%
15-year Mortgage:	5.84%	6.22%
5-year ARM:	5.94%	6.14%
Jumbo Mortgage:	7.68%	7.89%
Home Equity Loan:	5.03%	6.96%
* Base rate posted by 75% of the nation's largest banks.
Source: Reuters, WSJ Market Data Group, Bankrate.com

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Think about mortgage closing costs (or settlement fees) before you submit your new home purchase offer.

Remember many mortgage loan fees and charges are negotiable.

Use the Settlement Costs Worksheet and compare mortgage loan costs by shopping among several mortgage lenders and mortgage brokers.

This information has been prepared to help you make the important decisions involved in buying and financing your home. However it should not be viewed as a replacement for professional advice. Talk with attorneys, mortgage lenders, real estate agents, and other advisers for information about mortgage lending practices, mortgage instruments, and your own interests before you commit to a specific residential home mortgage loan.

The information on this site is adapted from the brochure "A Consumer’s Guide to Mortgage Settlement Costs." Single or multiple copies of the brochure are available without charge. Order the brochure online.

For more helpful mortgage tips on mortgage closing costs, mortgage refinancing, home mortgages, reverse mortgages or a home equity line of credit, contact FreeLoanComparison.com today!

Last update: November 14, 2008

Mortgage payment's on $200,000 are as low as $895/mo*.

FreeLoanComparison.com is not acting as a lender, agent, broker, correspondent lender or mortgage banker, nor is the information collected from you an application for credit, a loan pre-qualification, or a mortgage loan application.