Mortgage Rates
Type Rate
15 Year Fixed 3.25
20 Year Fixed 3.75
3 Year Balloon 3.875
30 Year Fixed 4.0
5 Year Balloon 4.0
7 Year Balloon 4.125
These Rates Are Not Guaranteed


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Real Estate Jargon

Confused by all the lingo associated with buying a home? Have no fear!



original principal balance
The total amount of principal owed on a mortgage before any payments are made.

origination fee
A fee paid to a lender for processing a loan application. The origination fee is stated in the form of points. One point is 1 percent of the mortgage amount.

owner financing
A property purchase transaction in which the property seller provides all or part of the financing.

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