Compare Bloomington Mortgage Rates and Save! 

Indiana Mortgage Rates 07/05/2008

Loan Type Today +/- This week
30 Yr Fixed 6.07% -0.02
15 Yr Fixed 5.73% -0.05
3/1 ARM 5.44% -0.06
5/1 ARM 5.72% -0.01
30 Yr Fixed Jumbo 6.53% -0.02

Rates may contain points

Conforming

For loan amounts up to $417,000 (APR based on $400,000)

Jumbo

For loan amounts over $417,000 (APR based on $500,000)

Interest Only (Conforming)

Interest only for first few years then adjustable for remaining term on loan amounts up to $417,000 (APR based on $400,000)

Interest Only (Non-Conforming)

Interest only for first few years then adjustable for remaining term on loan amounts over $417,000 (APR based on $500,000)

VA

Loans for Veterans up to $417,000 (APR based on $200,000)

FHA

Loan limits vary by state (APR based on $150,000)

Credit Challenged Sub Prime

Bad Credit? Turned down? (APR based on $200,000)

Second Mortgage

Home equity loans. (APR based on $50,000)

Reduced Documentation Loans

Often used for self employed or others in lieu of tax returns and other income documentation. (APR based on $200,000)

Mortgage Calculator

Mortgage Stories

Refinancing and Interest Rate Lock-ins

To lock or not is a question that plagues many consumers when they decide to refinance a loan. The rate might be... »

Down Payment Considerations and Potential Hazards

Coming up with a down payment is only half the challenge for homebuyers. Deciding how much to pay can be just as... »

Using Your Home's Equity to Finance the Big Wedding Day

When saving for the future, many people forget that their children's weddings will be another huge expense. Home... »

Choosing the Right Mortgage to Remodel

Paying for a remodeling project with a home loan is usually a good idea. But choosing exactly the right type of... »

More Mortgage stories »