Today's Interest Rates (07/03/09)

PRODUCT	RATE	CHANGE		TREND
15 Year Fixed	4.63%		0.00%	trend
3/1 ARM	5.52%		0.00%	trend
30 Year Fixed	5.18%		0.00%	trend
5 Year Balloon	4.50%		-0.01%	trend
5/1 ARM	5.29%		0.00%	trend
5/1 Jumbo ARM	5.67%		0.00%	trend
7 Year Balloon	5.00%		0.00%	trend
FHA 1 Yr ARM	5.63%		0.00%	trend
FHA 30 Year Fixed	5.38%		0.00%	trend

30 Year Fixed Rate Trend Chart

I-Mortage, was designed to provide mortage calculator refiance calculator and daily mortage rates for the public interest. Our online mortage calculator provide easy to use calculator interface as well as quick and easy access to calculated mortage information for all your home buying needs.

 Since the year of 2001 we have seen the lowest mortage rates in the last 50 years. This has resulted in huge number of homeowners seeking to refiance their high rate mortages, as well as increased the number of people buying homes or seeking new mortage loans. Since mid of 2004 US Federal Reserve Bank has initiated the program of increasing borrowing rates which immediately resulted in a slow but steady increase of mortage borrowing costs of the timeframe of last year. As of January 2006 and  after 11 consecutive rates increases the 30 year fixed mortage approaches the mortage rate of 6% on average while at its lowest it was at 4.25% on average, and still Federal Reserve Bank shows no signs of stopping rates increases.

Our Mission is to provide home buyers and mortage seekers with high quality  One Stop Information Source for all their lending needs. Our web pages contain information about mortage and mortages of all types. We specialize in providing key information on daily mortage rates for each and every US state, top lenders in all 50 states, and  mortage tools like: loan calculator, mortgage calculator, refiance calculator, by-weekly calculator and pre-qualification mortage  calculator.  Our online mortage calculator's are designed to work only as a guide in helping you determine the amount you may be able to afford. However, none of the mortage calculator's included on our site are intended to serve as recommendations on how much you should be borrowing.

Home mortage loans are available from several types of mortage enders—thrift institutions, commercial banks, mortage companies, and credit unions. Different mortage lenders may quote you different prices, so you should contact several mortage lenders to make sure you're getting the best price. You can also get a home loan through a mortage broker. mortage Brokers arrange transactions rather than lending money directly; in other words, they find a lender for you. A broker's access to several mortage lenders can mean a wider selection of mortage products and terms from which you can choose. mortage brokers will generally contact several lenders regarding your application, but they are not obligated to find the best deal for you unless they have contracted with you to act as your agent. Consequently, you should consider contacting more than one mortage broker, just as you should with banks or thrift institutions.

Whether you are dealing with a mortage lender or a mortage broker may not always be clear. Some financial institutions operate as both lenders and brokers. And most brokers' advertisements do not use the word "broker." Therefore, be sure to ask whether a broker is involved. This information is important because brokers are usually paid a fee for their services that may be separate from and in addition to the lender's origination or other fees.