Mortgage Rates

Fixed Refinance Rates - Second Mortgage Rates - 1% Option ARM

The Mortgage Loan Outlet works with sophisticated mortgage lenders that offer discounted interest rates to homeowners online. We align applicants with lending partners who can find conventional, government and non conforming mortgage loans online.

Option ARM Mortgage Rates MTA:

• 1.25% Start Rate with a 30, 40 or 50 Year Amortization
• Deferred Interest loan amounts up to $1,800,000
• Low Rate Jumbo Mortgages to 4 Million!
• Fixed Rate Sub Prime Mortgage Refinancing
• 100% Second Mortgage Loans

There's no better time than now to use historically low mortgage rates to your advantage – you can’t afford to risk a rate rise! If you're looking for a way to consolidate high-interest debts, fund home improvement projects, or finance large purchases like a vacation or a child's education, we have loan package options that will work for you!

Mortgage Rates FYI

How mortgages work: Buying vs. renting

"Should we continue renting or go ahead and buy?" That's the question hundreds of thousands of Americans ask themselves every year.

It's not an easy one to answer. Emotions, family and personal reasons all come into play in any home-buying decision.

No one knows what the future holds for you, your family, your job or your finances. But we can help you understand what you're going to encounter when you embark on the sometimes-difficult journey toward the American Dream of owning a home.

Preferred Loan Type Select ---------------> Mortgage Refinance Cash Out Refinance Home Equity New Home Purchase Property Type Select One-----------> Single-Family Detached Condominium Cooperative Multi-Family Dwelling Modular Mobile Home (Moveable) Manufactured Home Property Value Select ---------------> 1st Time Buyer 70,000 - 80,000 80,000 - 90,000 90,000 - 100,000 100,000 - 110,000 110,000 - 120,000 120,000 - 130,000 130,000 - 140,000 140,000 - 150,000 150,000 - 160,000 160,000 - 170,000 170,000 - 180,000 180,000 - 190,000 190,000 - 200,000 200,000 - 210,000 210,000 - 220,000 220,000 - 230,000 230,000 - 240,000 240,000 - 250,000 250,000 - 260,000 260,000 - 270,000 270,000 - 280,000 280,000 - 290,000 290,000 - 300,000 300,000 - 310,000 310,000 - 320,000 320,000 - 330,000 330,000 - 340,000 340,000 - 350,000 350,000 - 360,000 360,000 - 370,000 370,000 - 380,000 380,000 - 390,000 390,000 - 400,000 400,000 - 410,000 410,000 - 420,000 420,000 - 430,000 430,000 - 440,000 440,000 - 450,000 450,000 - 460,000 460,000 - 470,000 470,000 - 480,000 480,000 - 490,000 490,000 - 500,000 500,000 - 510,000 510,000 - 520,000 520,000 - 530,000 530,000 - 540,000 540,000 - 550,000 550,000 - 560,000 560,000 - 570,000 570,000 - 580,000 580,000 - 590,000 590,000 - 600,000 600,000 - 610,000 610,000 - 620,000 620,000 - 630,000 630,000 - 640,000 640,000 - 650,000 650,000 - 660,000 660,000 - 670,000 670,000 - 680,000 680,000 - 690,000 690,000 - 700,000 700,000 - 710,000 710,000 - 720,000 720,000 - 730,000 730,000 - 740,000 740,000 - 750,000 750,000 - 760,000 760,000 - 770,000 770,000 - 780,000 780,000 - 790,000 790,000 - 800,000 800,000 - 810,000 810,000 - 820,000 820,000 - 830,000 830,000 - 840,000 840,000 - 850,000 850,000 - 860,000 860,000 - 870,000 870,000 - 880,000 880,000 - 890,000 890,000 - 900,000 900,000 - 910,000 910,000 - 920,000 920,000 - 930,000 930,000 - 940,000 940,000 - 950,000 950,000 - 960,000 960,000 - 970,000 970,000 - 980,000 980,000 - 990,000 990,000 - 1,000,000 1,000,000 - 1,010,000 1,010,000 - 1,020,000 1,020,000 - 1,030,000 1,030,000 - 1,040,000 1,040,000 - 1,050,000 1,050,000 - 1,060,000 1,060,000 - 1,070,000 1,070,000 - 1,080,000 1,080,000 - 1,090,000 1,090,000 - 1,100,000 1,100,000 - 1,110,000 1,110,000 - 1,120,000 1,120,000 - 1,130,000 1,130,000 - 1,140,000 1,140,000 - 1,150,000 1,150,000 - 1,160,000 1,160,000 - 1,170,000 1,170,000 - 1,180,000 1,180,000 - 1,190,000 1,190,000 - 1,200,000 1,200,000 - 1,210,000 1,210,000 - 1,220,000 1,220,000 - 1,230,000 1,230,000 - 1,240,000 1,240,000 - 1,250,000 1,250,000 - 1,260,000 1,260,000 - 1,270,000 1,270,000 - 1,280,000 1,280,000 - 1,290,000 1,290,000 - 1,300,000 1,300,000 - 1,310,000 1,310,000 - 1,320,000 1,320,000 - 1,330,000 1,330,000 - 1,340,000 1,340,000 - 1,350,000 1,350,000 - 1,360,000 1,360,000 - 1,370,000 1,370,000 - 1,380,000 1,380,000 - 1,390,000 1,390,000 - 1,400,000 1,400,000 - 1,410,000 1,410,000 - 1,420,000 1,420,000 - 1,430,000 1,430,000 - 1,440,000 1,440,000 - 1,450,000 1,450,000 - 1,460,000 1,460,000 - 1,470,000 1,470,000 - 1,480,000 1,480,000 - 1,490,000 1,490,000 - 1,500,000 Over 1,500,000 Credit Rating Select One-----------> Excellent Good Fair Poor Email

Economic differences between renting and owning
If you're looking for the best return on your money, historically you're better off investing in the stock market than buying a house. Primary homes generally don't earn the investment return of financial instruments such as mutual funds. While the stock market's long-term average rate of return is in the range of 8 percent to 10 percent, housing has appreciated on average in the low- to mid-single digits for many years. That means you shouldn't buy solely to generate an investment gain.

On the other hand, Uncle Sam helps out by letting taxpayers deduct part of the mortgage interest and real estate taxes they pay each year. Borrowers get the benefit only if they pay enough in one year to exceed the standard deduction. But that usually happens, especially during the first few years of a mortgage when most of each payment goes toward interest rather than principal.

By the numbers ...
Say someone with gross annual income of $50,000 bought a home using a 7 percent, 30-year mortgage of $150,000 on Jan. 1, 2002. The monthly payment would be $998, excluding taxes and insurance, and this year, that borrower would pay $9,585 in interest. If he didn't have the mortgage, he would take a $4,700 standard tax deduction on his 2002 tax return (assuming he was a single filer). But by itemizing his mortgage interest, he would have $4,885 more to subtract from his income.

Sunny side of homeownership
Homeowners enjoy many other financial benefits, too. They build equity over time as home values rise and their mortgage balances shrink. They also don't have to worry about their housing costs shooting through the roof because mortgage lenders can't boost borrower rates and payments, unless those borrowers have adjustable-rate mortgages.

Cloudy side of homeownership
When something breaks at an apartment, it's the landlord's problem. When your name's on the deed, it's yours. Someone who throws every penny into a down payment just because homeownership sounds like a good idea is taking a big risk because there's no money left to fix leaky pipes or buy a new air conditioner.

Potential buyers may want to hold off for other reasons. Workers on shaky ground with their employers or those who don't think they'll be able to find jobs nearby if their firms go belly up might want to wait on getting mortgages. The same goes for people who plan on leaving a job soon. The monthly payment isn't the only obstacle for this kind of customer. Closing costs and other home-buying fees, as well as the commission that most owners end up paying to real estate agents when they sell their homes, add up. People who have to sell after living in one place for only a short time can end up in the hole on their investments.

Benefits of Looking at Mortgage Rates Today

• Record Low Rates
• Lower Rates can Save You Money
• Interest Only Loans offer Lower Payments
• Tax Deductible

Program Highlights

• Cash Out Loans
• 100% Financing Available
• 1st Time Homebuyers OK
• Poor Credit OK
• No Verification Income Loans
• Self Employed Borrowers OK
• Interest Only Loan Options

How to find the best Mortgage Rates

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US Dollar Hits 5 Year High, Mortgage Rates See Biggest Jump in 3 Years: Problems Ahead?

With the stock market continuing to rise, it is not surprising that the US dollar hit a new five year high against the Japanese Yen recently. The US dollar is stronger across the board as inflationary pressures continue to manifest while interest rates have begun to rise again. “This should keep Federal Reserve officials extremely hawkish, but don’t expect them to raise interest rates anytime soon because thirty year mortgage rates increased to 6.74% the highest level since July 2006. The 21 basis point jump over the past week is the largest rise in 3 years. Thirty year mortgage rates have been skyrocketing since the middle of May and it is certainly not a coincidence that foreclosures hit record levels in the first quarter according to the Mortgage Bankers Association as well.

More updated numbers from RealtyTrac Inc. also indicate that foreclosures are up another 90 percent last month. Federal Reserve President Moskow was accurate when he said that the increase in bond yields could reduce growth because the home market is exactly where the pain of higher yields will be felt. Consumer prices are on tap tomorrow along with the Empire State manufacturing survey, the current account balance, industrial production and the Treasury International Capital flow report. Given the rise in import prices and PPI, there is a strong chance that CPI will surprise to the upside as well. The rest of the data is also expected to be dollar positive. The Fed's discussion comes amid new signs that the housing market's downturn is worsening. Late payments and new foreclosures on adjustable-rate home mortgages made to people with spotty credit histories spiked to all-time highs in the first three months this year, the Mortgage Bankers Association said Thursday.