RateAPY

Quicken Loans Offering 30-year Fixed-Rate Mortgage at 4.561% APR

Posted by: RateAPY Bank Rates News
August 11th, 2010

Historically low interest rates are enticing homeowners to refinance and home purchasers to find out if they can qualify to buy a home. When you are reviewing your options for a mortgage loan, make sure you compare more than the interest rate. Find out how much you need to pay in discount or origination points and fees to be sure you get a valid comparison between loan programs.

Quicken Loans, in business since 1985, is the number one online mortgage lender and has received an A+ rating from the Better Business Bureau. The lender is authorized to make loans in all 50 states.

Quicken Loans Mortgage Rates as of 8/10/10

Loan Type/Rate/Points/Fee/APR

30-year fixed/4.375%/1.625/$1,600/4.561% APR

15-year fixed/3.750%/1.375/$1,600/4.034% APR

20-year fixed/4.250%/1.625/$1,600/4.505% APR

10-year fixed/3.750%/0.25/$1,600/3.917% APR

5/1-year ARM/3.250%/1.75/$1,600/3.434% APR

FHA 30-year fixed/4.375%/0/$2,685/4.451% APR

Comparing mortgage rates and terms online can be the fastest way to find the best loan product to meet your needs.