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Ann Arbor Mortgage Rates for November 2011

Mortgage Rates Remain Low!

Ann Arbor mortgage rates have remained at this low level for 8 weeks now.  They moved up slightly, about .25%, 2 weeks ago and just came back down the last few days. We expect to see rates in this range through most of the 4th quarter.  What a great time to make an Ann Arbor condo purchase and take advantage of these low rates!
Right now, we are matching the lows of the year. With these rates, your buying power is worth $10,000 to $50,000 more in your purchase price. FHA is also available with as little as 3.5% down and we have several conforming programs with 10% down.

Mortgage Rates Nov 2011

*Rates are based on a mortgage of $200,000, 80% LTV, no points and a credit score of 740 or higher.

Please keep in mind that interest rates are subject to change without notice. The rates listed above are average rates and are subject to change without notice. To find out more about the current interest rates and which loan program is best for you, contact Charlie Chapell with United Bank & Trust today at 734-214-2728 or cchapell@ubat.com.

Now is a great time to take advantage of the low interest rates combined with low condo prices! Thinking of a Downtown Ann Arbor Condo? View all Ann Arbor condo complexes here and to search homes, visit our Ann Arbor Subdivision Hotline!



Posted Monday, November 07, 2011 by Martin Bouma
Tags: Ann Arbor Condos, downtown ann arbor condos, ann arbor mortgage interest rates, Charlie Chapell, United Bank and Trust