The Mortgage Statement

Looking at the start of the first week of 2013, rates have creeped up some over the holiday break. But don't worry, it's not too much of a change. Our 15-year fixed rate remains the same at 2.5 percent and our 20-year fixed rate is still at 3.125 percent, but our 30-year rate has risen from 3 percent to 3.125 percent with a raised APR of 3.2772 percent.

Wondering how the fiscall cliff decision will impact the housing market? This article from Yahoo! Finance offers insight into how the government's action or inaction to "not go over" the financial cliff will affect the housing market and possibly mortgage interest deductions. WIth the housing market finally showing some improvement, some fiscal cliff could hurt its progress. 

Bank of Little Rock Mortgage is also rolling out a new blog to provide our experience and expertise on mortgage finance, written in plain English for you to follow easily. We call it The Mortgage Statement.  

Are you interested in seeing if you prequalify for a home loan? We have a quick-and-easy way for you to get prequalified for a mortgage online and don't forget to also check out our Arkansas mortgage calculator.

If you have any questions, comments or concerns, we would love to hear from you. Just contact our Arkansas Mortgage Lenders and let us know what you need. 

Happy Monday,

Scott McElmurry

President & CEO of Bank of Little Rock Mortgage

NOTE: Your mortgage rate can be affected by a number of factors, including your credit score, loan-to-value ratio, your down payment and the loan program you choose. No matter what, we'll always find you the best mortgage loan at the best rate, guaranteed. For more information, visit our Today's Rates page.  

Rates are still at the same low level as they were last week, so they are standing firm at their historic-low records. 

If you are considering a refinance, it is important to first calculate how much money a refinance would cost you and how much the refi could save you. Here is a great article from GoBankingRates.com that guide you through the calculating process. And feel free to use our easy Arkansas Mortgage Calculators to help with the math. 

Bank of Little Rock Mortgage is also rolling out a new blog to provide our experience and expertise on mortgage finance, written in plain English for you to follow easily. We call it The Mortgage Statement.  

Are you interested in seeing if you prequalify for a home loan? We have a quick-and-easy way for you to get prequalified for a mortgage online.

If you have any questions, comments or concerns, we would love to hear from you. Just contact our Arkansas Mortgage Lenders and let us know what you need. 

Happy Monday,

Scott McElmurry

President & CEO of Bank of Little Rock Mortgage

NOTE: Your mortgage rate can be affected by a number of factors, including your credit score, loan-to-value ratio, your down payment and the loan program you choose. No matter what, we'll always find you the best mortgage loan at the best rate, guaranteed. For more information, visit our Today's Rates page.  

It's the first week of December and our low mortgage rates are still looking strong. While the national average for rates rose slightly in the last week, our rates remain unchanged. Let's hope they stay that way for a good bit longer. 

If you are getting ready to refinance, make sure to read this article from Yahoo! Homes. It covers the five basic blunders anyone is liable to make when going through the refi process. We always encourage our applicants to research as much as they can before making decisions with their money. After all, knowledge is power when it comes to your finances. To help you research, we have a whole Free Resources library to help get you started. And of course, feel free to contact any of our Arkansas mortgage lenders if you have any questions.  

Bank of Little Rock Mortgage is also rolling out a new blog to provide our experience and expertise on mortgage finance, written in plain English for you to follow easily. We call itThe Mortgage Statement.  

Are you interested in seeing if you prequalify for a home loan? We have a quick-and-easy online prequalification process you can access below. 

If you have any questions, comments or concerns, we would love to hear from you. Just contact us and let us know what you need. For more information on Arkansas mortgage rates and Arkansas mortgage lenders, check out our website. 

Happy Monday,

Scott McElmurry

President & CEO of Bank of Little Rock Mortgage

NOTE: Your mortgage rate can be affected by a number of factors, including your credit score, loan-to-value ratio, your down payment and the loan program you choose. No matter what, we'll always find you the best mortgage loan at the best rate, guaranteed. For more information, visit our Today's Rates page.  

Happy Thanksgiving week! While you're preparing the turkey and revving up for Black Friday, check out these recently lowered rates. The 30-year fixed rate has dropped from 3.125 percent to just 3 percent with a 3.1511 percent APR and the 20-year fixed rate has dropped from 3.125 to 2.875 percent with a 3.0881 percent APR, while the 15-year fixed rate has remained the same at 2.500 percent. 

Thinking about switching from a 30- or 20-year fixed rate to a 15-year fixed rate? With a shorter term, you get your mortgage paid off sooner. And with today's lower rates, you can save a whole lot more money than simply refinancing to the same term. Check out this article from FreeRateUpdate.com for more tips and information on refinancing to a 15-year rate.  

Bank of Little Rock Mortgage is also rolling out a new blog to provide our experience and expertise on mortgage finance, written in plain English for you to follow easily. We call itThe Mortgage Statement.  

Are you interested in seeing if you prequalify for a home loan? We have a quick-and-easy online prequalification process you can access below. 

If you have any questions, comments or concerns, we would love to hear from you. Just contact us and let us know what you need. For more information on Arkansas mortgage rates, check out our website. 

Happy Monday,

Scott McElmurry

President & CEO of Bank of Little Rock Mortgage

NOTE: Your mortgage rate can be affected by a number of factors, including your credit score, loan-to-value ratio, your down payment and the loan program you choose. No matter what, we'll always find you the best mortgage loan at the best rate, guaranteed. For more information, visit our Today's Rates page.