Friday, November 2, 2007

Mortgage Rates Update - Nov 02, 2007

Home mortgage rates for the Charlotte area are posted here every week. The following rates are provided courtesy of Gene Fitzpatrick. Please feel free to contact Gene or myself with any questions you may have.

GENE FITZPATRICK --- Franklin American Mortgage
Phone: 704.887.3420 x 4153
email:
EFitzpatrick@franklinamerican.com

Conforming (under $ 417,000)
Conventional-30 Year Fixed: 6.000%
Conventional-15 Year Fixed: 5.625%
FHA-30 Year Fixed: 6.000% no orig/no points
ARM-5/1 ARM: 5.625%

Non-Conforming (over $ 417,000)
JUMBO-30 Year Fixed: 6.625%

All programs with 1% origination fee and no discount points unless noted. Notice: This is not an advertisement or a solicitation of loans. It is information for Realtors and Builders only and is not to be used to inform potential loan applicants of loan offerings. Franklin American Mortgage will provide quotations in the legally required manner directly to such applicants. All prices and terms subject to change without notice.

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