Mortgage Rate Update

Below is the mortgage rate update from my friend Tom Thuss at Bank of Granite as of today.

Bank of Granite / Granite Mortgage, Inc.
Tom Thuss – Mortgage Loan Originator

Current Mortgage Loan Rates – Effective August 29, 2008
Subject to change without notice.

Conforming 30 year Fixed Rate Mortgage (30 Day Lock) 6.375
Conforming 30 year Fixed Rate Mortgage (60 Day Lock) 6.500
Conforming 15 year Fixed Rate Mortgage (30) 6.000
Conforming 15 year Fixed Rate Mortgage (60) 6.125

One yr. ARM Call for Quote
3/1 ARM Call for Quote
5/1 ARM Call for Quote
7/1 ARM Call for Quote

NC Housing Finance Agency Bond Loans 5.990
NC Housing Bond Loans with Down Payment Asst. 5.990
Jumbo 30 year Fixed Rate Mortgage (> $417,000) Call for Quote
Jumbo 15 year Fixed Rate Mortgage (> $417,000) Call for Quote

FHA / VA 30 year Fixed Rate Mortgage (30) 6.375
FHA / VA 30 year Fixed Rate Mortgage (60) 6.500
FHA / VA 15 year Fixed Rate Mortgage 6.500
USDA – RECD 6.500
For rates on loan amounts less than $88,000, please call for quotes.

Tom Thuss
Bank of Granite – Lenoir
707 College Avenue
Lenoir, NC 28645

Phone: 757-4046
Mobile: 729-8414
Email: tthuss@granitemortgageinc.com

Joseph Griffin

Leave a Reply