Streamline Your FHA Mortgage; St Louis Mortgage Interest Rate Update

The Federal Housing Administration (FHA) has lowered mortgage insurance premiums on Streamline Refinance transactions. It will now be it easier for borrowers to take advantage of record low interest rates and save money each month.  Under this program, up-front mortgage insurance premiums will be reduced to 0.01 percent of the total loan amount for borrowers with FHA loans made before June 1, 2009. In addition, the annual MIP will be cut to 0.55 percent.  This streamlined refinance program is available to borrowers who are current on their FHA mortgage and may qualify even if they owe more than their homes are worth…no appraisal required.

For more information about this program,contact me by clicking below.


St. Louis MORTGAGE INTEREST RATES for November 26, 2012:

  • ·      Conventional 30-Year Fixed 3.500%/ 3.777% APR
  • ·      Conventional 15-Year Fixed 3.000%/ 3.097% APR
  • ·      Conventional 7/1 ARM 2.625%/ 3.332% APR
  • ·      FHA/VA 30 Year Fixed 3.25%/4.160% APR
  • ·      Jumbo 5/1 ARM  2.625%/ 2.426% APR
  • ·      Jumbo 15 yr Fixed 3.000%/ 3.094% APR
  • ·      Jumbo 30 yr Fixed 4.625%/ 4.719% APR

*The above mortgage rates are based upon an 80% LTV, o/o single family with FICO scores of 720.

Paramount Mortgage is a locally owned Mortgage Banker celebrating our 41st year. Great rates and programs are secondary to what is most desired in a lender relationship: Integrity, Communication and Customer Satisfaction. Be to check out our website:

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


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