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Health & Fitness

Mortgage Rates Below 4 Percent - Dec. 16

Five Towns Real EstateGuide gives you today's mortgage rates compliments from Wells Fargo Home Mortgage.

Daily Mortgage Rate Monitor Alert Daily Wells Fargo Mortgage Rates Courtesy of Wells Fargo Home Mortgage - Mark Neuman Today's Rates: December 16, 2011

ALL UNDER 4%! ! !

Find out what's happening in Five Townswith free, real-time updates from Patch.

Conforming1 Loan Rate FHA 30 Year Fixed 15 Year Fixed 30 Year Fixed Interest Rate 3.875% 3.25% 3.75% Annual Percentage Rate (APR) 4.054% 3.565% 4.705% Monthly Payment $822.92 $1,229.68 $984.86 Payment Term 30 YEARS 15 YEARS 30 YEARS Loan Amount $175,000 $175,000 $175,000 Est. Prepaid Finance Charges $3,750 $3,750 $3,750 Down Payment 25% 25% 3.5%

  Be aware that mortgage rates can change without notice and apply only in certain conditions. The APR for the loan products shown reflects the interest rates and estimated prepaid finance charges which include 1% of your loan amount to be paid toward the loan origination charge, but does not include all closing costs or discount points. The displayed rates assume that you're refinancing a single-family primary residence with a 60-day-lock.

Your loan's rate depends on several factors. Your final interest rate will vary based on financial market conditions, the specific characteristics of your loan transaction, as well as your credit profile up to the time of closing.

Find out what's happening in Five Townswith free, real-time updates from Patch.

The monthly payment amount displayed includes principal and interest only. The payment amount does not include homeowner's insurance or property taxes which must be paid in addition to your loan payment. Conventional loans with a down payment less than 20% require mortgage insurance which could increase the monthly payment and APR.

FHA loans require both an upfront and an annual mortgage insurance premium. The upfront fee is $1,750.00. The annual premium varies based on individual credit scores, your loan-to-value ratio and the loan term. For the FHA loan, a mortgage insurance payment has been added to the monthly principal and interest payment displayed above. 1 Conforming loan amounts for certain loan products have increased in federally designated metropolitan areas. Larger limits available in the state of Hawaii.

Moving Beyond Credit Challenges Homeownership can be the foundation for building a more secure financial future. We can work with you to find a home financing solution that can help you get on a path to solid financial footing, even if you're facing temporary credit problems.Take advantage of the opportunity for you to better manage your credit. It may be the first step towards stabilizing your financial situation, and building wealth.

Contact us for all your Five Towns Long Island Real Estate needs. We serve the towns of: Atlantic Beach, NY Cedarhurst, NY East Rockaway, NY Hewlett, NY Hewlett Bay Park, NY Hewlett Harbor, NY Hewlett Neck, NY Inwood, NY Lawrence, NY North Woodmere, NY Woodmere, NY Woodsburgh, NY

Donna Galinsky - 516-317-9253 dgalinsky@pugatch.com
Lenny Bobrow - 516-784-0262 lbobrow@pugatch.com

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