Latest News

Mortgage Rates Plummet

 

By Holden Lewis • Bankrate.com

Mortgage rates plummeted this week after the federal government took over mortgage financing giants Freddie Mac and Fannie Mae.

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New housing law helps first-timers

The biggest news of the week had to do with the passage and signing of the new housing law.

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Mortgage rates drop, for a change

Mortgage rates fell this week, as bad economic news outweighed the good.

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Mortgage Rates fall in Survey

By Holden Lewis • Bankrate.com

In this dramatic week, the story of mortgage rates has a twist ending. The benchmark 30-year fixed-rate mortgage fell 6 basis points, to 6.42 percent, according to the Bankrate.com national survey of large lenders.

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Lowest Jumbo ARMS on Market

Jumbo 5 yr. ARMs up to

$3 Million at 5.5%

 

 

 

 

Interest Only - 5.625%.

 

Newsflash

The biggest news of the week had to do with the passage and signing of the new housing law.

Read more...
 

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At Mortgage Professionals our name says it all! We pride ourselves on being able to provide the most helpful information, knowledge, experience, products, and rates available to our clients. Many times when borrowers shop for mortgages they just come across loan officers and NOT professionals and that’s where we come in. We are brokers with mortgage lending experience and with that comes an unmatched vision of what being a mortgage professional should really be. Mortgage Professionals, LLC offers you every aspect of lending you could need: refinances, purchases, equity lines of credit, debt consolidations, construction loans, residential, fractionals, commercial mortgages and more. All types of credit be it perfect A + credit or not so good D; credit we can do it all; credit scores ranging from 550 – 830+. If you have not so good credit history we can even try to fix it for you. We can do all types of mortgage loans like: jumbo, super, and mega jumbo loans up to $20 million+, and stated income, USDA, and stated asset loans for self employed clients. You name it, we can do it. We can also lend on all types of property such as: single family, condos, rural homes, townhouses, duplexes, triplexes, quad-plexes, high rises, lots, and even agricultural farm land. We are licensed in the states of South Carolina, Virginia, and Florida, but many times we can still find loans for borrowers out of those states. We are a wholesale broker that has established trusted relationships with the largest banks and lending institutions in the world and in many cases even the bank you may already do business with. To see some of our lenders visit the partners page.

 

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Today's Rates

 

 


 

 

Date - 11/20/08

Conventional

  • 30yr. fixed 5.625%
  • 15yr. fixed 5.375%

Jumbo

  • 30yr. fixed 7.5%
  • 15yr. fixed 6.875%
  • 5/1 ARM - 5.625%

Adjustable Rates

 

  • 5 year LIBOR ARM - 5.25%
  • 5 year Interest Only ARM 5.25%