Mortgage Rates

Rates are as of Tuesday, May 14, 2008, and are subject to change without notice (figures in percent). 

Lender

15 yr. fixed

Points

30 yr. fixed

Points

FHA

Points

VA

Points

Consumer First Mortgage Steve Cates (281) 444-5451

5.625%

0+0

6%

0+0

Mortgages First Travis Normand (979) 696-0876

5.375%

0+0

5.75%

0+0

5.875%

0+0

TexasLiberty Mortgage Randal Stuart (979) 691-2692

5.375%

0+0

5.75%

0+0

A point equals 1 percent of the loan.  In the points column, the first number is the origination fee, usually paid by the buyer to the lender for making the loan.  The second number is the discount point, used to reduce the interest rate on the loan.  Both fees are negotiable between the buyer and the seller.  Additional rates are available from the lenders.