Mortgage Rates Continue To Fall Reaching New 2011 Lows

Fixed mortgage rates headed lower for the 6th consecutive week hitting levels not seen since the end of 2010.

2011-05-27

WILMINGTON, NC, May 27, 2011 (Press-News.org) Once again mortgage rates have fallen slightly when compared to the previous week, dropping to the lowest point of 2011. ForTheBestRate.com, a popular mortgage rate research website, reports that rates advertised in the rate tables displayed on the site have continued to move lower over the past few weeks, with current thirty year fixed rates as low as 4.375% (4.459% APR, Lender: AimLoan.com) available.

The recently released Weekly Primary Mortgage Market Survey® from Freddie Mac, a government sponsored enterprise that purchases residential mortgage loans in the secondary market, confirms the trend of falling mortgage rates. According to the survey the average interest rate for a 30 year fixed rate loan over the past week was 4.60% with 0.7% in fees and points, down slightly from the average of 4.61% with 0.7% in fees and points from the previous week. 15 year fixed loans saw a similar change from 3.80% to 3.78% both with 0.7% in fees and points.

The last time rates were lower than their current point was in December 2010.

Shaun Hamman, VP of the Residential Lending Division of American Financial Resources, noted that "the current rate environment has created a flurry of refinance activity over the past month. We've definitely experienced an uptick in applications. People who have been sitting on the sidelines since the end of 2010 appear to have renewed interest." American Financial Resources, a New Jersey based national lender, offers a wide variety of financing solutions including FHA mortgages, conventional fixed and adjustable rate loans, non-conforming jumbo mortgages, and mobile home loans. Hamman continued, "It's a great time to be in a position to refinance or buy a home. Mortgage rates are at or near 2011 lows for most products."

See below for a sample of North Carolina refinance interest rates for a variety of programs listed on ForTheBestRate.com (5/26/2011). Rates are subject to change without notice. Please visit the site for current rates and to review the criteria used in the survey. Mortgage rates available to consumers will vary by loan scenario and borrower's credit profile.

30 Year Mortgage Rates
Gateway Bank Mortgage - 4.375% Note Rate - 4.498% APR - $875 Fees in APR - 1 Point
Quicken Loans - 4.375% Note Rate - 4.595% APR - $1600 Fees in APR - 1.75 Points
EverBank - 4.375% Note Rate - 4.481% APR - $652 Fees in APR - 0.916 Points
AimLoan.com - 4.375% Note Rate - 4.459% APR - $1975 Fees in APR - 0 Points

15 Year Mortgage Rates
Gateway Bank Mortgage - 3.500% Note Rate - 3.861% APR - $875 Fees in APR - 2 Points
Quicken Loans - 3.750% Note Rate - 4.074% APR - $1600 Fees in APR - 1.375 Points
EverBank - 3.750% Note Rate - 3.856% APR - $652 Fees in APR - 0.392 Points
AimLoan.com - 3.625% Note Rate - 3.770% APR - $1975 Fees in APR - 0 Points

About ForTheBestRate.com

ForTheBestRate.com is a mortgage rate research web site where consumers can compare mortgage rates, APRs, and closing cost information from competing mortgage lenders, brokers, and banks from around the United States. ForTheBestRate.com is not a mortgage company and does not make loans of any kind. Rates are posted online and updated daily. Interest rates are subject to change without notice. Please visit www.ForTheBestRate.com for up-to-date pricing information and to verify the criteria used the survey.

[Attachments] See images for this press release:

ELSE PRESS RELEASES FROM THIS DATE:

STX Envision TR Putter Played for Another Top-10 PGA Finish

2011-05-27

A STX Golf advocate and enthusiast of the Soft Face Insert Technology, was presented an opportunity to play the Colonial Course when his fellow PGA Professional pulled out of the tournament last week. As an alternate he prepared himself to make the most out of the situation and that he did. The USC graduate and PGA Professional shot four rounds in the 60s - 69, 68, 69, and 67 to finish a seven-under 273. A week prior to playing in the Crown Plaza Invitational at Colonial, he put back into play his favorite STX Envision TR Putter. He as well as the entire field knows ...

Prompt Proofing Blog Post: Writing Business Emails, Part 2

2011-05-27

Here are the last five of 10 tips to make your emails more effective (click here for Part 1). 1. Rule number 6 - Be professional Unless you know the person extremely well it is always better to be respectful and professional, both in tone and in your form of address. "Hi guys" is too informal for a business situation (most of the time). 2. Rule number 7 - Be friendly Despite Rules 2 and 6, there is generally a need for some courteous or friendly remark. An email that is 'strictly business' with no friendly introduction or closing comes off as officious. ...

Grab the Attention of Customers with the Help of Attractive Business Cards Designed from Piopprint

2011-05-26

Business cards make your first contact with your future customers. As soon as you exchange business card with a customer he/she will look at it and judge you and your business. It is crucial that your primary marketing tool portrays your professionalism and high quality. Efforts put towards the design of your business card will give your customers a sense of how much attention is brought to your product and services and how much you are about what you do. The first goal of you in your business should not be to grab information; but your goal should be to grab the attention ...

Vinyl Siding Expenses draining your wallet? Experts say Ascertain, Compute and Economize

2011-05-26

Vinyl siding was initially introduced in the late 1950s as a substitute for aluminum siding. Later on, because of its durable nature, it has gained priority over all other counterparts in the construction of new homes. Nowadays, there are innumerable manufacturers of this maintenance product and they install both conventional and insulated ones. Recent surveys state that the simple process of installing vinyl sliding would roughly cost $3 to $8 per square foot, excluding all the other fixation costs of soffits and trims. Finally, it's now being argued that it's better to ...

Professional Skier Jackie Paaso Powers Through the 2010/11 Ski Season Freeskier Comps

2011-05-26

Jackie Paaso started of the 2010/11 season with a few new sponsors, signing on with The North Face, Kastle, Squaw Valley USA and Hi Ball. Jackie was really excited to start her competitive freeskiing season on the Freeride World Tour and had the goal in mind of going for the title. However right from the start it appeared that this would not be Jackie's season. Early season in Tahoe was a great one and Paaso started it out by teaming up with Michelle Parker and http://www.UnofficialNetworks.com for a webisode project. There were tons of backcountry trips and Squaw powder ...

Award winning Hitachi Capital Invoice Finance 'Best Factor and Discounter of the year 2011'

2011-05-26

Hitachi Capital Invoice Finance is delighted to announce that they are proud winners of the prestigious award for Credit Today's Best Factor and Discounter of the year 2011. The event held on Thursday 12 May, was attended by 1500 of the industry's key players and Hitachi Capital beat off stiff competition from over 30 companies who entered the award. Just four finalists were shortlisted; Hitachi Capital Invoice Finance, Bibby, Aldermore and HSBC. With the award being judged on criteria including excellent financial results, innovations, collections and credit management, ...

GreenCellTechnologies: The Garnaut Climate Change Review - Intro

2011-05-26

The weight of scientific evidence tells us that Australians are facing risks of damaging climate change. The risk can be substantially reduced by strong, effective and early action by all major economies. Australia will need to play its full proportionate part in global action. As one of the developed countries, its full part will be relatively large, and involve major early changes to established economic structure. The work of the Review shows that the costs of Australia playing its proportionate part in an effective global effort, while considerable, are manageable. ...

BookWhirl.com Issues Email Scam Warning

2011-05-26

Green Bay, WI (05/25/11) BookWhirl.com warns its clients and the entire public about a circulated spam email that contains false allegations against the company. BookWhirl.com and its management are already conducting a thorough investigation about the rampant scam emails. Partial investigations also showed that the incident is possibly caused by a professional scammer who was targeting BookWhirl.com's former and current authors. The Marketing Director, Don Harold, said the extracted information of authors, names, and e-mail address means scammers are highly skilled ...

Da Bruno San Pedro De Alcantara Restaurants Create Celiac Friendly Wheat Free-Gluten Free Dishes

2011-05-26

The Da Bruno Restaurants Group has created a selection of gluten-free dishes which are currently available in the San Pedro de Alcantara Restaurants. These recipes are suitable for celiacs/coelicas and those with gluten-wheat intolerance. If you are reading this press article and you know that you fall into one of these categories then you will be someone who truly appreciates the difficulties of starting to live a gluten free lifestyle. If you are lucky enough for this not to be familiar territory, maybe you know of a friend or family member who falls into one of these ...

275 Stevens-Henager College Graduates Will Receive Diplomas at Commencement on May 26

2011-05-26

Graduates from Stevens-Henager College are taking another step toward successful futures on Thursday, May 26, as they gather to receive their college diplomas. The graduates join the thousands of alumni who have received career training from Stevens-Henager through degree programs in healthcare, information technology, business, and graphic arts. The program will commence with a special keynote address from Senator Scott Jenkins. Stevens-Henager College was founded in Ogden-West Haven, Utah, in September 1891. In the last few years, the school has experienced growth ...

LAST 30 PRESS RELEASES:

Henna’s hidden healing: Treating fibrosis with a chemical derived from Lawsonia inermis

KIST demonstrates world's first ultra-precise, ultra-high-resolution distributed quantum sensor with 'entangled light'

Liver transplantation utilizing grafts donated after medical assistance in dying is feasible and has outcomes comparable to standard donation

New drug-eluting balloon may be as safe and effective as conventional metal stents for repeat percutaneous coronary interventions

Effectiveness and cost-effectiveness of automated external defibrillators in private homes

University of Phoenix College of Social and Behavioral Sciences leadership publishes white paper on trauma-informed education

Identifying the best high-biomass sorghum hybrids based on biomass yield potential and feedstock quality affected by nitrogen fertility management under various environments