As mortgage rates declined slightly this week, fixed-rate loansbelow 10 percent were available at more than 40 lenders, reports GaryS. Meyers & Associates.
At midweek, Sentry Financial, Schaumburg, was quoting 9.5percent plus closing costs of 3.5 percent of the loan amount for a30-year, fixed-rate mortgage. The rate with 2.5 points is 9.75percent.
On a 15-year fixed loan, Sentry was quoting 9.25 percent plus3.5 points. The rate with 2.5 points is 9.5 percent. Minimum downpayment is 5 percent, and maximum loan is $133,250. Application feeis $275. 519-2230.
Manufacturers Hanover Trust, Oak Forest, was quoting 9.5 percentplus 4 points on a 30-year fixed. With 2 points the rate is 10percent. Minimum down payment is 5 percent, and application fee is$250. The rate on a 15-year fixed loan is 9.5 percent plus 2.75points. 560-0001.
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