Mortgages

Today's Mortgage Rates

Home Loans provided by Quicken Loans

Take advantage of low, competitive interest rates for conforming loans, high-balance loans, and jumbo loans. Rates are updated daily.

Loan Types

Conforming Loans: Up to $417,000

Rates as of: 10:05 AM EDT, 05/16/2012

Conforming loans are loans of up to $417,000—the current limit set by the federal government.

Featured Rates

Adjustable Rate Mortgage with Initial Fixed Rate
Loan Type	Initial Rate¹(%)	Points (%)	APR² (%)	Initial Monthly Payment²(Based on $250,000 loan amount)
5/1 ARM	2.75	0.0	3.126		Rate and Payment Details
5/1 ARM Interest Only	2.875	0.0	3.177		Rate and Payment Details
7/1 ARM	3.0 2.75	0.0 1.0	3.184 3.149		Rate and Payment Details
7/1 ARM Interest Only	3.125 2.875	0.0 1.0	3.239 3.202		Rate and Payment Details
Fixed Rate Mortgage
Loan Type	Current Rate¹ (%)	Points (%)	APR²(%)	Monthly Payment² (Based on $250,000 loan amount)
30yr Fixed	4.125 3.99	0.0 0.5	4.177 4.084
25yr Fixed	3.99 3.875	0.25 1.125	4.074 4.043
20yr Fixed	3.875 3.75	0.375 1.125	3.99 3.952
15yr Fixed	3.5 3.25	0.0 1.375	3.591 3.543
10yr Fixed	3.375 2.875	0.0 1.375	3.507 3.298
Payments do not include taxes or insurance, so the actual payment obligation will be higher.

High Balance Loans

Rates as of: 10:05 AM EDT, 05/16/2012

Also known as conforming plus loans, high-balance loans offer higher loan limits in certain high-cost areas. The limits set by the federal government for high-balance loans are typically between $417,000 and $625,500.

To find out if your area qualifies, choose your state and county from the pull-down menu. If you don’t see your state and county on the list, high-balance loans are not available in your area.

Featured Rates

Select from the following high-cost areas to view high balance loan rates.

Jumbo Loans: Over $417,000

Rates as of: 10:05 AM EDT, 05/16/2012

Jumbo loans are over the federal mortgage loan limit of $417,000 and are sometimes referred to as "non-conforming loans."

Featured Rates

Adjustable Rate Mortgage with Initial Fixed Rate
Loan Type	Initial Rate¹ (%)	Points (%)	APR² (%)	Initial Monthly Payment²(Based on $750,000 loan amount)
5/1 ARM	3.0 2.75	0.0 0.75	3.18 3.153		Rate and Payment Details
5/1 ARM Interest Only	3.125 2.75	0.0 1.125	3.225 3.185		Rate and Payment Details
7/1 ARM	3.375 3.125	0.0 1.0	3.324 3.289		Rate and Payment Details
7/1 ARM Interest Only	3.5 3.25	0.0 1.0	3.369 3.331		Rate and Payment Details
Fixed Rate Mortgage
Loan Type	Initial Rate¹ (%)	Points (%)	APR² (%)	Monthly Payment² (Based on $750,000 loan amount)
15yr Fixed	3.625 3.375	0.0 1.0	3.655 3.552
Payments do not include taxes or insurance, so the actual payment obligation will be higher.

Ready to get started?

To get a rate quote or apply for a loan, call 877-535-4021.
Monday–Friday, 8:00 a.m.–11:00 p.m. ET, Saturday, 8:00 a.m.–8:00 p.m. ET

Or, start the mortgage process online.

Get Started

Charles Schwab Bank

Interest-only mortgages have an initial interest-only payment period followed by a fully amortizing payment
period. After the interest-only period ends, your monthly payments will increase because you will be paying
both principal and interest.

1. Current Rates: Due to market fluctuations, interest rates are subject to change at any time and without notice and are subject to credit and property approval based on underwriting guidelines. The rates and APRs shown are based on a rate and term refinance of an owner occupied, single family residence, for our best-qualified customers. Your individual rate may vary.

2. Interest Rate, APR and Monthly Payment:

Interest Rates, APRs and Monthly Payment calculations are based on the following loan amounts and Loan-to-Value (LTV):
Conforming: $250,000, 75% LTV, (Interest Only ARM: 70% LTV)
High Balance: $450,000, 75% LTV, (Interest Only ARM: 70% LTV)
Jumbo: $750,000, 70% LTV
Rates may be higher or lower for different loan amounts.

Rates, terms, conditions and availability are subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an offer or a commitment to lend. Loans are subject to credit and property approval. Other conditions and restrictions may apply.Hazard insurance may be required.

In order to participate, you must agree that the lender, Quicken Loans, may share your information with Charles Schwab Bank. As part of the Schwab Bank home loan program from Quicken Loans, you will receive a closing cost discount of $200. Offer is good only for mortgages that close. The closing cost discount will appear on the borrower's final HUD-1 statement at closing. This offer is subject to change or withdrawal at any time and without notice.

Charles Schwab Bank and Charles Schwab & Co., Inc. are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Investment products are offered by Charles Schwab & Co., Inc. (member SIPC). Charles Schwab & Co., Inc. does not solicit, offer, endorse, negotiate or originate any mortgage loan products and is neither a licensed mortgage broker nor a licensed mortgage lender. Home lending is offered and provided by Quicken Loans, Inc, Equal Housing Lender. Quicken Loans Inc., is not affiliated with The Charles Schwab Corporation, Charles Schwab & Co., Inc. or Charles Schwab Bank. Deposit and other lending products are offered by Charles Schwab Bank, Member FDIC and an Equal Housing Lender.

Licensed in all 50 states. State specific license information: Arizona: Quicken Loans Inc., 16425 North Pima, Suite 200, Scottsdale, AZ 85260, Mortgage Banker License #BK-0902939; Arkansas: Quicken Loans Inc., 1050 Woodward Avenue, Detroit MI 48226-1906 (888)474-0404; California: Licensed by Department of Corporations, CA Residential Mortgage Lending Act; Colorado: Quicken Loans Inc., 1050 Woodward Avenue, Detroit MI 48226-1906 (888)474-0404; To check the license status of your mortgage broker, visit http://www.dora.state.co.us/real-estate/index.htm; Georgia Residential Mortgage Licensee (#11704) - 1050 Woodward Avenue, Detroit MI 48226-1906; Illinois: Residential Mortgage Licensee #4127 - Department of Financial and Professional Regulation, 1050 Woodward Avenue, Detroit, MI 48226-1906; Massachusetts – Quicken Loans Inc., Mortgage Lender License #ML-3030; Minnesota - not an offer for a rate lock agreement; Mississippi – Licensed by the Mississippi Department of Banking and Consumer Finance; New Hampshire - Licensed by the NH Banking Department, #6743MB; New Jersey – Licensed Mortgage Banker - NJ Department of Banking, first(and/or second) mortgages only; New York – Licensed Mortgage Banker - NYS Banking Department; Oregon - Quicken Loans, Inc. – License # ML-1387; Pennsylvania – Licensed as a first Mortgage Banker by the Department of Banking and licensed pursuant to the Pennsylvania Secondary Mortgage Loan Act; Rhode Island - Licensed Lender; Texas – Quicken Loans, Inc., 1050 Woodward Ave, Detroit, MI 48226; Virginia – Licensed by Virginia State Corporation Commission, License # MC-1738. Quicken Loans Nationwide Mortgage Licensing System #3030. Restrictions may apply. Equal Housing Lender.

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