Minnesota Mortgage Interest Rates

Please note that rates are posted M-F during the normal work week. Holidays and weekends are excluded.

If you are interested in receiving more information about our mortgage services please let us know. If you would like to know more about our loan programs and you wish to apply for a loan online please visit our loan application page.

If you wish to apply by phone, please call Mark Merry at 952-417-8475 or fax your information to 952-513-2032. You can also email Mark Merry any questions or requests for information on mortgage packages or loan rates. Mark will follow up with the information that you have requested.

Interest Rate data for Friday July 11, 2008

Loan Type Rates Market Trend Conv 30 yr fixed 6.0% (max loan $417,000) LOWER Conv 5/1 ARM 5.375% (fixed for 5 yrs, then adjustable) LOWER Conv 3/1 ARM 5.0% (fixed for 3 yrs, then adjustable) LOWER Jumbo 30 yr fixed 8.25% (no disc fee) HIGHER Jumbo 5/1 ARM 5.375% (no disc fee) LOWER FHA/VA 30 yr fixed 6.125% (max FHA $247,0000, VA $417,000) HIGHER FHA 3 yr ARM 5.125% (adjustable 1%/yr,5% max) LOWER Flex 97 6.25% (max $417,000- 100% financing) LOWER Rates based on purchase transaction, loan amount of $150,000, 80% LTV, O/O, SFH, quoted with 1% origination fee, 30-day lock. Rates and terms are subject to change without notice. Equal Housing Opportunity Lender. * Restrictions may apply and quotes subject to loan approval. Rates fluctuate several times a day depending upon the market. Please check back often.