What are Seller Concessions?; St Louis Mortage Interest Rate Update

Paramount Mortgage Company - St Louis

Seller concessions can be any negotiation where the seller, builder, developer or any interested party gives something up to the buyer…The concession can help lower or eliminate the amount a borrower is required to bring to the closing table.   In some cases, a seller-paid concession can mean the difference between closing a home sale and losing one.

For further information about concessions, i.e. typical uses and limitations, click on the following link:  http://www.box.net/shared/r8ymi6792z

St. Louis MORTGAGE INTEREST RATES for March 2, 2011:

  • Conventional 30-Year Fixed 5.00%
  • Conventional 15-Year Fixed 4.250%
  • Conventional 5/1 ARM 3.75%
  • FHA/VA 30 Year Fixed 4.875%
  • Jumbo 5/1 ARM 3.75%
  • Jumbo 15 yr Fixed 4.375%
  • Jumbo 30 yr Fixed 5.50%

Paramount Mortgage is a locally owned Mortgage Banker; we just celebrated our 40th anniversary. Great rates and programs are secondary to what is most desired in a lender relationship. The most sought-after aspects in this industry cannot be easily translated onto paper…learn more about us here.

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 rfishel@paramountmortgage.com or you can visit our company website at http://www.paramountmortgage.com.

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