Mortgage Rates

Mortgage rates differ substantially based on the location of the property and the type of product selected. What follows are therefore indicative rates only. They are just some of the most interesting rates for different mortgage products that are listed and marketed on the internet.

Indicative Mortgage Rates - Updated July 27, 2007

30-Year Fixed Rate Jumbo* Mortgages:

 

15-Year Jumbo* Mortgages:

Bank APY** Rate Lock (Days) Closing Costs (Approximate)** Reviews

Virtual Bank

5.875%

30

$3,000

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Liberty Financial

6.00%

30

$695

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Everbank

6.175%

30

$1,300

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E-Loan

6.375%

30

$410

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5/1 Jumbo* ARMs:

Bank APY** Rate Lock (days) Closing Costs (Approximate)** Reviews

Virtual Bank

6.25%

30

$3,300

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Liberty Financial

6.375%

30

$695

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ING DIRECT

6.00%

30

$555

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Everbank

6.625%

30

$1,300

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E-Loan

6.375%

30

$410

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5/1 Jumbo* Interest-Only ARMs:

Bank APY** Rate Lock (Days) Closing Costs (Approximate)** Reviews

Virtual Bank

6.75%

30

$2,250

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Liberty Financial

7.00%

30

$695

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Everbank

7.125%

30

$2,500

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E-Loan

7.50%

30

$2,500

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* All rates considered here are jumbo rates, ie., rates for over $417,000. Rates for lower amounts may be slightly more competitive.

** Closing Costs may differ dramatically based on property location.

For further info on choosing the best mortgage product, please click here.

If you would like to comment on your experiences with the above institutions or on mortgage opportunities generally, please visit the Bestcashcow Message Boards.

For further assistance with mortgage terminology, please click here.

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