Falling Rates Offer Unexpected 2nd Chance To Lock In Mortgage Savings
07/12/2004
pricelinemortgage offers loan applicants a 6-hour turnaround with a guaranteed rate lock-in mortgage rates as low as 4.125%/4.51% APR with no points.
With mortgage rates falling unexpectedly since the Federal Reserve decision to raise interest rates, home-buyers and homeowners have yet another chance to lock in savings. pricelinemortgage, the online mortgage service owned in part by Priceline.com, said today that it has rates available for as low as 4.125% with no points. pricelinemortgage is also fast, taking an average of 6 business hours to process an online application for a home equity loan, first mortgage or refinancing. Once the loan is approved, the rate is locked-in and protected against future fluctuations.
Last week, it was reported that the benchmark 30-year, fixed-rate mortgage fell to 6.01%, the lowest level since the spring. The national average for a 15-year mortgage fell to 5.42%.
As of this morning, pricelinemortgage was offering the following specially negotiated rates and terms:
- A 30-year fixed mortgage for 5.625%/5.669% APR and no points.1
- A 15-year fixed mortgage for 5.000%/5.065% APR and no points.1
- A 30-year jumbo mortgage for 6.000%/6.020% APR and no points.1
- A 3/1 ARM adjustable-rate mortgage for 4.125%/4.451% APR and no points.1
- A 5/1 ARM adjustable-rate mortgage for 4.625%/4.606% APR and no points.1
- A HELOC (home equity line of credit) for 3.750%/3.750% APR and no points.2
Full details on
pricelinemortgage's rates and programs can be accessed by visiting www.priceline.com or by calling 800-920-1485.
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- EverBank Financial Corp is a private financial services holding company headquartered in Jacksonville, Florida. With approximately $3.7 billion in assets, 1,500 employees, and over 400,000 customers nationwide, EverBank is one of the industry's fastest growing, high performing financial service firms.
EverBank provides national banking and lending products directly to consumers and through a variety of business partners including priceline.com, Bank of New York, and other financial advisors and brokers. EverBank has received numerous awards including Forbes and Online Banking Report's "Best of the Web" as well as other servicing, banking, and technology honors.
EverBank, FreeNet, the EverBank Infinity Sphere and the EverBank logo are proprietary service marks of EverBank. All rights reserved.
