Today's Mortgage Rates
February 22, 2021
 

CONFORMING
30 Year Fixed

Our 30 year Conforming mortgage is our most popular product as it gives you a great low rate and monthly payment.  

Rate:

2.875%

APR: 

2.900%

Points

.000%

CONFORMING
15 Year Fixed

Our 15 year Conforming mortgage gives you one of the lowest possible fixed rates and saves you thousands in interest.  

Rate:

2.250%

APR: 

2.295%

Points

.000%

CONFORMING
5/1 Adjustable Rate

Our 5/1 adjustable rate Conforming mortgage is a great way to save if you don't plan on being in your home 5+ years.

Rate:

n/a

APR: 

n/a

Points

n/a

FHA
30 Year Fixed

Our 30 year FHA mortgage gives you a great low fixed rate with only 3.5% down payment required.  

Rate:

3.000%

APR: 

4.085%

Points

.000%

VA
30 Year Fixed

Our 30 year VA mortgage gives eligible Veterans a great low fixed rate with no down payment required.  

Rate:

2.875%

APR: 

3.231%

Points

.000%

USDA
30 Year Fixed

USDA offers a great product for buyers of property in eligible rural areas. No down payment is required.  

Rate:

3.000%

APR: 

3.486%

Points

.000%

 

Rate Assumptions

All rates quoted above assume the following:

1. Loan Amount of $250,000 up to the applicable product limit

2. 740+ middle credit score

3. For Conforming loan options, at least 5% down payment is required.

4. Mortgage interest rates shown are for single family, owner-occupied primary residences

5. Rates are subject to change daily. Your individual qualifications will determine the interest rate you are eligible for which may be higher or lower than interest rates shown.

6. Interest rates and/or loan terms, when shown (or quoted via form submissions) on this site are not an approval or offer of credit.

All loans are subject to qualification based on the applicable lending standards of Local Mortgage Inc. and/or private or governmental mortgage investors, security issuers or rating agencies, guarantors and mortgage insurers.

Local Mortgage Inc. 

8295 Tournament Drive Suite 150

Memphis, TN 38125

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Interest rates where shown, (or quoted) on this site are not an approval or offer of credit. All loans are subject to qualification based on the underwriting standards of Local Mortgage Inc., private or government insuring agencies, guarantors or investors. 

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