Mortgage rates in St. Louis increase this week

Paramount Mortgage Company - St LouisSt. Louis mortgage rates inreased again this week bringing 30 year rates above 5 percent according to St. Louis-based Paramount Mortgage Company.

Lower interest rates, low prices and the extension and expansion of the home-buyer tax credit should be pretty tempting to buyers out there.

St. Louis Mortgage Rates – December 30, 2009 *

  • 30-year fixed-rate mortgage 5.25% no points
  • 15-year fixed-rate mortgage 4.75% no points
  • 3/1 adjustable rate mortgage 4.25% no points
  • 5/1 adjustable rate mortgage 4.50% no points

For more information or if you have questions on mortgage rates in St. Louis you may contact John Frank by phone at (314) 372-4300, email at or you can visit his company website at

*Note- The above rates are based upon a typical sale price of $187,500 with a 20% percent down payment leaving a loan amount of $150,000 to a borrower with a 720 credit score for a loan with no discount points charged. Rates and terms will vary depending upon loan amount, home value, credit and income of borrower.

This information is provided by this author and this site for informative purposes only and is not warranted or guarteed in any way.

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