Mercer mortgage quotes - Compare mortgages by city in Mercer

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

NAMB, Equal Housing Opportunity, BBB Reliability Online, SSL Secure Server

Carlton	Farrell	Grove City	Jackson Center	Sandy Lake	Sheakleyville	West Middlesex

Clark	Fredonia	Hadley	Jamestown	Sharon	Stoneboro	Wheatland

Clarks Mills	Greenville	Hermitage	Mercer	Sharpsville	Transfer


Today's Mortgage Terms starting with B Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time. Bearer: The legal owner of a property. Bill of Sale: A document that details the transfer of property. Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage. Blanket Mortgage: A mortgage that includes more than one piece of real estate Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan. Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client. Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time. Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction. View all Terms

Mortgage.net - Mercer mortgage quotes - Compare mortgages by city in Mercer

Bankruptcy:

Bearer:

Bill of Sale:

Biweekly Mortgage:

Blanket Mortgage:

Borrower (Mortgager):

Broker:

Buy-Down Mortgage:

Buyer’s Market: