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Mortgage Rates for the week of 5/11/2010

From the desk of:
Maribeth Roncz
Loan Officer
First Federal Savings Bank  
906 W Edison Rd. Mishawaka, IN 46545 

Interest Rates and Annual Percentage Rates (APRs) are effective as of: 05/11/2010

FIXED RATES 0 points APR * 2 points APR *
30 YEAR 5.125 5.167 4.625 4.839
20 YEAR 5.000 5.052 4.500 4.790
15 YEAR 4.500 4.568 4.000 4.370
10 YEAR 4.375 4.473 3.875 4.407

ARM RATES 0 points APR **
3/1 ARM 4.375 3.443
5/1 ARM 4.500 3.652
7/1 ARM 4.750 5.477
10/1 ARM 5.000 4.343

FHA RATES 0 points APR **
30 Years 5.500 5.537
20 Years 5.500 5.548
15 Years 4.875 4.939

FHA Mortgage Loan - A borrower does not have to have perfect credit to qualify for an FHA mortgage. And FHA has many options to help borrowers stay in their home and avoid foreclosure.

Interest rates are subject to change at anytime and may be subject to additional fees, including delivery fees, depending on the loan program selected, LTV, credit history, and additional underwriting characteristics.

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This entry was posted on 12. May 2010 at 04:40 and is filed under First Federal News, Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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