Maine Mortgage Rate Update for October 7,2010

Maine Mortgage Rate Update for October 7,2010

Today’s pricing* for Conventional and Government, FHA, Purchase loans:

Conventional with NO POINTS

Rate                 APR                 Term                Lock Period

4.125%            4.258%            30 year             45 days

3.875%            4.055%            20 year             45 days

3.75%              3.979%            15 year             45 days

Government FHA with NO POINTS

Rate                 APR                 Term                Lock Period

4.25%              4.674               30 year             45 days

3.75%              4.114               15 year             45 days

*Conventional rates based on a: $150,000 mortgage, 740 FICO, 80% LTV, 45% DTI, Owner occupied, Single Family residence, etc.. **Government rates based on a $150,000 mortgage, 660 FICO, 96.5% LTV (30 year), 90% LTV (15 year), 50% DTI, Owner occupied, Single Family or 1-4 multi-unit residence.

Contact your Maine Mortgage Banker and Broker at 888-775-4200 to lock in today!

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