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Ann Arbor Mortgage Rates for December 2011

How Long Will Ann Arbor Mortgage Rates Remain This Low?

Mortgage rates for the Ann Arbor area have remained low for 12 weeks now.  They moved up about a 1/4% two weeks ago and just came back down over the past few days.  We should continue to see rates in this range throughout the rest of the year, making this a wonderful time to make a home purchase and take advantage of these low rates. As an Ann Arbor condo buyer, your purchase power is increased by $10,000 to $50,000 with these current rates. Imagine getting more condo for your money! You can buy FHA with as little as 3.5% down and we have several conforming programs with 10% down.

Mortgage Rates Ann Arbor MI

*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

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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 Wednesday, December 14, 2011 by Martin Bouma
Tags: ann arbor condo , Ann Arbor Homes, ann arbor mortgage interest rates, Charlie Chapell, United Bank and Trust, Ann Arbor Condo Buyer