St Louis Real Estate – Interest Rates Hold Steady – Paramount Celebrates 40 Years

Paramount Mortgage Company - St Louis

More than 380 mortgage lending operations nationwide have ceased operation since 2006, according to the Mortgage Lender Implode-O-Meter website.

However in spite of a tough and demanding economic market, Paramount Mortgage this week celebrated it’s 40 year anniversary!

“Expect Excellence” has been our corporate motto and the driving force in our philosophy of providing exemplary customer service,” states H. John Frank, Jr., President of Paramount Mortgage Company. “We have never forgotten that this is a people business and we treat our clients with respect. We take the time to get to know their home purchasing goals and communicate with them throughout the entire mortgage process,” continued Frank. The company’s customer-first attitude is a main factor in Paramount’s sustained operation over the past 40 years since 1970.
Frank cites his company’s corporate approach as what generates the repeat business that has fueled their growth.  Frank adds that “Paramount has continued to expand nationwide since 2008 from St. Louis to Seattle, adding offices in Seattle, Chicago and Northern Idaho.

St. Louis Mortgage Rates – February 17, 2009 *

  • 30-year fixed-rate mortgage 5.00% no points
  • 15-year fixed-rate mortgage 4.25% no points
  • 5/1 adjustable rate mortgage 3.75% no points
  • 3/1 adjustable rate mortgage 3.750% no points
  • FHA/VA 30-year fixed rate mortgage 5.250%
  • Jumbo 5/1 ARM 4.125% no points

For more information or if you have questions on mortgage rates in St. Louis you may contact me by phone at my direct line, (314) 372-4319, email at or you can visit our 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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