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Mortgage Rates Down Sharply As Concerns Over European Debt Rise Among Global Investors

November 9th, 2011 by Charlotte NC Mortgage

Charlotte, NCResponse among investors to the looming European debt crisis has meant more money put into US Treasury bonds causing interest rates on long term lending tied to these bonds, including mortgage rates, to fall. Freddie Mac, a government sponsored enterprise which purchases mortgage loans on the secondary market, reported in their most recent mortgage pricing survey out Thursday, November 3rd, 2011, that rates for a 30 year fixed rate mortgage averaged 4.00% (0.7 points) that week.

For a borrower with an excellent credit portfolio and no additional high risk factors in his or her loan scenario, rates even lower than this average may be available from the most competitive mortgage lenders. FHA mortgage rates can also be slightly lower than that of conventional financing for those who qualify.

Here is a sampling of current Charlotte mortgage rates advertised on mortgage rate research website, ForTheBestRate.com on Monday, November 7th, 2011. (Rates are subject to change. Please visit the site to view the criteria used in the survey.)

30 Year Fixed Rate Mortgage (0 Points)
AES Lending Direct – 3.750% Note Rate, 3.754% APR, $100 Fees in APR
Gateway Bank Mortgage – 4.000% Note Rate, 4.036% Note Rate, 4.036% APR, $875 Fees in APR

15 Year Fixed Rate Mortgage (0 Points)
AmeriSave – 3.250% Note Rate, 3.395% APR, $1995 Fees in APR
New American Mortgage – 3.375% Note Rate, 3.477% APR, $1395 Fees in APR

FHA Loans:
30 Year FHA (0 Points)
National Mortgage Alliance – 3.750% Note Rate, 3.750% APR, $0 Fees in APR
AES Lending Direct – 3.750% Note Rate, 3.754% APR, $100 Fees in APR

15 Year FHA (0 Points)
New American Mortgage – 3.250% Note Rate, 3.351% APR, $1355 Fees in APR
National Mortgage Alliance – 3.250% Note Rate, 3.250% APR, $0 Fees in APR

  1. Mortgage Rates Drop Amid Concerns Over European Finances, Announced ForTheBestRate.com « Mortgage Rates Co.

    [...] Response among investors to the looming European debt crisis has meant more money put into US Treasury bonds causing interest rates on long term lending tied to these bonds, including mortgage rates, to fall. Freddie Mac, a government sponsored enterprise which purchases mortgage loans on the secondary market, reported in their most recent mortgage pricing survey out Thursday, November 3rd, 2011, that rates for a 30 year fixed rate mortgage averaged 4.00% (0.7 points) that week.Source: talkcharlotterealestate.com [...]

  2. Mortgage Rates Remain At Low Levels, Lenders Continue to Advertise 30 Year Home Loans Below 4.00 Percent Announces BurlingtonMortgage.biz « Mortgage Rates Co.

    [...] [...] Response among investors to the looming European debt crisis has meant more money put into US Treasury bonds causing interest rates on long term lending tied to these bonds, including mortgage rates, to fall. Freddie Mac, a government sponsored enterprise which purchases mortgage loans on the secondary market, reported in their most recent mortgage pricing survey out Thursday, November 3rd, 2011, that rates for a 30 year fixed rate mortgage averaged 4.00% (0.7 points) that week.Source: talkcharlotterealestate.com [...]Source: talkcharlotterealestate.com [...]

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