A Sample of Today's Interest Rates

An article in Sunday's New York Times said that interest rates were going nowhere but up. But they are still at historically low rates. Rates that we may not see again for decades. Here's a sample of today's rates from local lenders. Keep in mind that rates are subject to change and posted rates are based on credit scores, etc.

• Fifth Third Bank (www.53.com): 5.00%
• Premier Home Mortgage (www.premierhomemortage.com): 5.00%
• People's State Bank (www.peoples-bank.com): 5.25%
• United Commerce Bank (www.unitedcommercebank.com): 4.875%

Interest Rates Are Up!

Are the glory days of interest rates below 5% over? Well, for now they seem to be. After months of hovering at or just below the 5% mark, they are now consistently up. The average rate that is being forwarded to me today show rates at 5.25%.

According to the National Association of Realtors, the increase is due to worries about inflation as the economy improves. If you are considering buying or refinancing, this might be the right time to talk to a local lender and make that move!

A Sample of Today's Interest Rates

Interest rates have been hovering in the lower 5% range for the past week. Here is a sample of today's interest rates from local lenders. And as always on the b-town Report rates are for 30 year fixed rate conventional mortgages for folks with superior credit and rates are subject to change.

• German American Bancorp (www.germanamericanbancorp.com): 5.00%
• Peoples State Bank (www.peoples-bank.com): 5.125%
• Regions (www.regions.com): 5.25%
• United Commerce Bank (www.unitedcommercebank.com): 5.00%
  

A Sample of Today's Interest Rates

Rate are hovering in the 5%'s for the past couple of weeks. Today a couple of lenders posted really great rates worth looking over. Keep in mind that some of the rates are for purchases only and may not apply for refinancing, so check with the lender of your choice on this.

Here's a sample of today's rates from local lenders and as always on the b-town Report, rates are for 30 year conventional fixed rate mortgages for folks with amazing credit scores:

• Fifth Third Bank (www.53.com): 4.875%
• Peoples State Bank (www.peoples-bank.com): 5.25%
• Regions (www.regions.com): 5.125%
• United Commerce Bank (www.unitedcommercebank.com): 5.00%

A Sample of Today's Interest Rates

Interest rates are rising and falling on a regular basis. This is an important time for anyone considering refinancing to check the rates on a daily basis and take advantage of the small windows when rates are low.

Here's a sample of today's rates from local lenders. As always on the b-town Report rates are for 30 year fixed rate conventional mortgages and rates are subject to change.

• Fifth Third Bank (www.53.com): 5.375%
• Monroe Bank (www.monroebank.com): 5.25% with .5 points
• Peoples State Bank (www.peoples-bank.com): 5.625%
• Premier Home Mortgage (www.premierhomemortgage.com): 5.375%
  
  

Mortgage Rate Report

In a report sent by Mark Weddle of Regions:

Early in the week, a forecast from the Fed that inflation should remain low for the next couple of years moved mortgage rates lower. The economic news later in the week was less favorable for mortgage rates, however. Strong earnings reports produced a rally in the stock market, which pushed mortgage rates higher. In the end, mortgage rates finished the week essentially unchanged."

In testimony before Congress on Tuesday, Fed Chairman Bernanke provided an update on the Fed's outlook for economic conditions. Of note, Bernanke predicted that inflation will not be a concern any time soon, which was good news for mortgage rates. While he expects economic growth to turn positive later this year, he suggested that the labor market may be weak for several years. As a result, the fed funds rate will likely remain near zero for "an extended period".

Interest Rates Back on the Rise

Last week we saw the best interest rates in a while. This week they are starting to creep back up. Here's a sample of interest rates from local lenders. And as always on the b-town Report rates are for 30 year fixed rate conventional mortgages and rates are subject to change.

• Fifth Third Bank (www.53.com): 5.125%
• Monroe Bank (www.monroebank.com): 5.125% with half a point
• Premier Home Mortgage (www.premierhomemortgage.com): 5.25%
• Regions (www.regions.com): 5.5%
• United Commerce Bank (www.unitedcommercebank.com): 5.375%
  

And Now We Have 4.875%

Finally, for the first time in a few weeks, we have one bank posting an interest rate below 5%. Fifth Third Bank posted 4.875% for a fixed rate conventional 30 year mortgage. You can contact them at www.53.com or by phone at 812-323-3608 and speak with Kevin Cade or Shellie Sparks.

It Might Be Time to Jump on These Great Interest Rates

Finally, after a few weeks of escalating interest rates, they are looking really great again. For anyone considering locking in a rate for a purchase or anyone thinking about refinancing (myself included) you have to wonder how low rates may go...or is this it.

Here's a sample of today's rates from local lenders. And as always on the b-town Report rates are for 30 year fixed rate conventional mortgages and rates are subject to change:

• Fifth Third Bank (http://www.53.com/): 5.00%
• Monroe Bank (http://www.monroebank.com/): 5.00% with .25 points
• Premier Home Mortgage (http://www.premierhomemortgage.com/): 5.00%
• Regions (www.regions.com): 5.375%
• United Commerce Bank (http://www.unitedcommercebank.com/): 5.125%

A Sample of Today's Interest Rates for Bloomington Indiana

Interest rates are still hovering in the mid to low 5% range. Here's a sample of today's interest rates from local lenders. And as always on the b-town Report rates are for 30 year fixed rate conventional mortgages and rates are subject to change:

• Fifth Third Bank (www.53.com): 5.125%
• Monroe Bank (www.monroebank.com): 5.25% with .25 of a point
• Regions (www.regions.com): 5.5%
• United Commerce Bank (www.unitedcommercebank.com): 5.25%

A Sample of Today's Interest Rates

Lenders are still swamped with getting to many refinances closed and with today being the end of the month, some residential closings are being delayed. Rates have been higher in the past few weeks, but today they are looking a little better. And always remember that rates below 6% are historically low and excellent for fixed rate mortgages.

Here is a sample of today's interest rates from local lenders and as always on the b-town Report rates are for 30 year fixed rate conventional mortgages for folks with really great credit scores:

• Fifth Third Bank (www.53.c0m): 5.125%
• Monroe Bank (www.monroebank.com): 5.25%
• Regions (www.regions.com): 5.50%
• United Commerce Bank (www.unitedcommercebank.com): 5.375%
  

A Sample of Today's Interest Rates

Rates have risen over the past couple of weeks. A post tomorrow here on the b-town report will show a video that talks about the effect that these new rates will have on your monthly expenditures. And keep in mind that these current rates are still amazingly low!

Here is a sample of today's rates from local lenders. And as always on the b-town Report the rates are for a 30 year fixed rate conventional mortgage and rates are subject to change:

• Fifth Third Bank (www.53.com): 5.25%
• Premier Home Mortgage (www.premierhomemortgage.com): 5.25%
• Regions (www.regions.com): 5.5%
• United Commerce Bank (www.unitedcommmercebank.com): 5.375%

Ouch! Interest Rates are on the Rise

According to the Mortgage Bankers Association, mortgage applications fell 14.2% in the past week. Most of the decline reflects a falling number of refinance applications, which declined 18.9%.

And now rates seem to be on the rise, at least for a short time. Here is a sample of today's rates from local lenders. And as always on the b-town Report rates are for 30 year fixed rate conventional mortgages for consumers with super credit...and rates are subject to change:

• Fifth Third Bank (http://www.53.c0m/): 5.125%
• Peoples State Bank (http://www.peoples-bank.com/): 5.5%
• Premier Home Mortgage (http://www.premierhomemortgage.com/): 4.875%
• Regions (http://www.regions.com/): 5.125%
• United Commerce Bank (http://www.unitedcommercebank.com/): 5.00%
  

A Sample of Today's Interest Rates

Interest rates continue to be very favorable with most coming in below 5%. Keep in mind that rates posted are typically for individuals with a credit score of 740 or better. You will pay a premium or higher interest rate if your credit score is below 740.

Take in these rates, the first time home buyer tax credit and other programs that are available, this is such an ideal time to purchase a home or refinance if your rate is at or over 6% (like mine).

Here's a sample of rates from local lenders and as always on the b-town Report rates are for 30 year fixed rate conventional mortgages and rates are subject to change.

• Peoples State Bank (http://www.peoples-bank.com/): 4.875%
• Premier Home Mortgage (http://www.premierhomemortgage.com/): 4.75%
• Regions (http://www.regions.com/): 4.875%
• United Commerce Bank (http://www.unitedcommercebank.com/): 4.75%
  

A Sample of Today's Interest Rates

Below is a sample of interest rates posted by local lenders. As always on the b-town Report rates are for 30 year fixed rate conventional mortgages and rates are subject to change.

• Monroe Bank (www.monroebank.com): 4.75% with .375 points
• Peoples State Bank (www.peoples-bank.com): 5.00%
• Regions (www.regions.com): 4.875%
• United Commerce Bank (www.unitedcommercebank.com): 4.875%
  

The Rates are Starting to Move Up-A Sample of Today's Interest Rates

Just last week an article in the New York Times stated that interest rates should hold steady for a while. But today we are seeing some lenders increase rates. Here is a sample of today's rates from local lenders. And as always on the b-town Report rates are for a 30 year fixed rate conventional mortgage and rates are subject to change.

• Fifth Third Bank (www.53.com): 5.00%
• Monroe Bank (www.monroebank.com): 4.875 after paying .25% of a point
• Premier Home Mtg (www.premierhomemortgage.com): 4.875%
• United Commerce Bank (www.unitedcommercebank.com): 5.125%

A Sample of Today's Interest Rates From Local Lenders

In an article from Realtor.org and RealtorMag:

The Federal Reserve announced at its regular meeting on Wednesday that it intends to keep its key short-term interest rate – the federal-funds rate – at or near zero for the foreseeable future.

"Although the economic outlook has improved modestly since the March meeting, partly reflecting some easing of financial market conditions, economic activity is likely to remain weak for a time," the Fed said.

One of the Fed’s primary goals is to keep mortgage interest rates low, giving real estate time to recover."They're in the implementation stage," said Laurence Meyer, vice chairman of Macroeconomic Advisers LLC, a forecasting firm.

Source: The Wall Street Journal, Jon Hilsenrath (04/30/2009)

Here are rates posted by some of our local lenders and as always on the b-town Report rates are for 30 year fixed rate mortgages and rates are subject to change:

• Fifth Third Bank (www.53.com): 5.00%
• Premier Home Mtg. (www.premierhomemortgage.com): 4.875%
• Regions (www.regions.com): 4.875%
• United Commerce Bank (www.unitedcommercebank.com): 5.00%

A Sample of Today's Interest Rates...4.875% is the popular number of the day!

Interest rates are looking great so far this week. As always, rates are for a 30 year fixed rate conventional mortgage and rates are subject to change. Here are the first three rates received by the b-town report today:

• Premier Home Mortgage (www.premierhomemortgage.com): 4.875%
• Regions (www.regions.com): 4.875%
• United Commerce Bank (www.unitedcommercebank.com): 4.875%

A Sample of Today's Interest Rates

Here is a sample of today's interest rates from local lenders. As always on the b-town Report rates are for a 30 year fixed rate conventional mortgage and rates are subject to change. Follow the links below for additional information from our local lenders.

• Fifth Third Bank (www.53.com): 5.00%
• Monroe Bank (www.monroebank.com): 4.75% with .5 points
• Premier Home Mtg. (www.premierhomemortgage.com): 4.875%
• Regions (www.regions.com): 4.875%
• United Commerce Bank (www.unitedcommercebank.com): 5.00%

A Sample of Today's Interest Rates

Even President Obama is encouraging Americans to take advantage of these historically low interest rates while you can. Rate are looking great again today. Here is a sample of today's interest rates from some local lenders. As always on the b-town Report rates are for a 30 year conventional fixed rate mortgage and rates are subject to change. Follow the links below for additional information.

• Fifth Third Bank (www.53.c0m): 4.875%
• Monroe Bank (www.monroebank.com): 4.75% with .375% of a point
• Regions (www.regions.com): 4.875%
• United Commerce Bank (www.unitedcommercebank.com): 5.00%