RateAPY

CapWest Mortgage offers 30-Year Fixed-Rate Mortgage at 5.025% APR

Posted by: RateAPY Bank Rates News
January 19th, 2010

First-time homebuyers, repeat buyers, and homeowners all share one common interest: to find the mortgage loan with the best interest rate and the lowest fees. The Internet makes this comparison that much simpler.

Earlier generations had to call banks and lenders to compare mortgage programs, but today’s borrowers can quickly compare bank deals and the latest interest rates online. When comparing mortgage loans, be sure to consider not only the interest rate, but also the discount points and fees.

CapWest Mortgage, part of the 100-year-old, family-owned Farmers Bank and Trust, currently provides mortgage loans for borrowers in 32 states. CapWest Mortgage also negotiates fees for bundled title services on behalf of its customers.

This week’s rates for a purchase mortgage of $250,000 in Florida, each quote requiring $748 in bank fees, are:

• 30-Year fixed-rate loan: 5.00%, 5.025% APR, zero points
• 15-Year fixed-rate loan: 4.375%, 4.420% APR, zero points