MORTGAGE RATES

Interest rates are a difficult thing to understand because there are so many factors that influence the rates. The biggest influence is the Federal Reserve. They are in charge of setting the short term interests rates in an effort to maintain economic stability. Other factors that affect the rates are foreign affairs, natural disasters and many other smaller scale affairs.

* Loan product availability is subject to loan amount and credit qualifying. Rates based on a 15-day lock, include points, and are subject to change without notice. All loans assume to include an escrow account for payment of taxes and insurance. Loan programs with less than 20% down payment are subject to a second mortgage loan program or monthly mortgage insurance, neither are quoted here. ARM rates are subject to increase during the loan term, ARM APRs are based on the 6 mo.