The rates are hanging on! Remember when you are shopping for a mortgage to always shop at two or three places before committing. Some lender's rate may be more favorable but their fees may not be as favorable. The lenders will expect you to shop around. Here's a sample of rates from local lenders. As always on the b-town Report the rates are for a 30 year fixed rate conventional mortgage and are usually set for people with credit scores over 740. Rates are subject to change- Fifth Third Bank (www.53.com): 4.875%
- Monroe Bank (www.monroebank.com): 4.75% with half a point
- Premier Home Mtg. (www.premierhomemortgage.com): 4.875%
- Regions (www.regions.com): 5.00%
- United Commerce Bank (www.unitedcommercebank.com): 5.00%
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