El Dorado mortgage quotes - Compare mortgages by city in El Dorado

Mortgage Rate Trends and Market Update

10-Oct-08

Last

Change

Best Rates 30 Year Fixed (50+ lenders)

6.22%

0.14%

30 Year Fixed - 1 Week AVG

6.31%

0.00%

1 Year ARM - National AVG

5.15%

0.03%

5/1 Year ARM - National AVG

5.90%

-0.10%

15 Year Fixed - National AVG

5.63%

-0.15%

30 Year Fixed - National AVG

5.94%

-0.16%

7 Year Fixed Rate Mortgage

8.03%

2.49%

5 Year Fixed Rate Mortgage

5.82%

-0.14%

30 Year Fixed Rate Mortgage

6.51%

0.05%

30 Year Fixed - California 1 Week AVG This marker indicates the current chart.

5.96%

0.00%

This marker indicates the current chart. Use links on left to view charts. Click to enlarge.

Week Month Year 3 Yrs

sources: informars.com, erate.com, Freddie Mac

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Camino	Diamond Springs	El Dorado Hills	Greenwood	Lotus	Placerville	Shingle Springs	Tahoma
Coloma	Echo Lake	Garden Valley	Grizzly Flats	Mount Aukum	Pollock Pines	Somerset	Twin Bridges
Cool	El Dorado	Georgetown	Kyburz	Pilot Hill	Rescue	South Lake Tahoe

Today's Mortgage Terms starting with M Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender. Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property. Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market. Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services. Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance). Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default. Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity. Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment. Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment. View all Terms

Mortgage.net - El Dorado mortgage quotes - Compare mortgages by city in El Dorado

Margin:

Market Value:

Mortgage Banker:

Mortgage Broker:

Mortgage Insurance:

Mortgage Loan:

Mortgage Refinance:

Mortgagee:

Mortgagor: