Palm Bay Mortgage Rates

Get current interest rate information on 30 year mortgage rates in Palm Bay, Florida and the surrounding communities. Search the local mortgage rates in Palm Bay from mortgage lenders that serve this market directly. The competitive Palm Bay mortgage rates from then local lenders are updated regularly based on current interest rates and economic conditions.

The local Palm Bay mortgage lenders offer a variety of mortgage loan products for purchases and refinances. The broad range of home financing options include fixed rate loans, adjustable rate loans, FHA loans, VA loans, jumbo loans, and home equity loans. The competitive mortgage market in Palm Bay means new borrowers can find an abundance of loan products available with competitive rates and fees.

The local Palm Bay mortgage lenders also offer a variety of specialized home financing options including first time home buyer loans. The mortgage lenders operating along the east central coast of Florida have several options among the low mortgage rate programs geared towards first time homebuyers. Included in this category of mortgage loans in Palm Bay and neighboring cities and towns are special loans for borrowers with low and moderate income.

Palm Bay Mortgage Rates
Palm Bay Mortgage Lender Mortgage Rate Points APR
BBT Bank 30 Year Mortgage Rates
3.375 0.500 3.454
Cadence Bank 30 Year Mortgage Rates
3.500 0.000 3.634
Capital City Bank 30 Year Mortgage Rates
4.250 0.400 4.690
Comerica Bank 30 Year Mortgage Rates
3.610 0.000 3.659
EverBank Mortgage Rates
3.250 0.472 3.350

Depending upon the loan terms of the mortgage selected, the current mortgage rate offered by the lenders in the region will either be based on a fixed rate loan program or adjustable rate loan program. The fixed rate loans are a popular choice for new home purchases, refinancing an existing home, and obtaining cash back with a cash out refinance.

The adjustable rate mortgages available feature an interest rate that is often lower than comparable term fixed rate loan for a period of time. The interest rate ad monthly mortgage payment o the ARM loans may change annually based on a specified index rate. The Palm Bay mortgage lenders promote a wide range of ARMs including low rate 3/1 ARMs, 5/1 ARMs, 7/1 ARMs, and 10/1 ARMs.

The 30 year fixed rate term mortgage loans listed for the Palm Bay assume the transaction is for an owner occupied single family one unit and meets the qualifying standards established by the individual mortgage lender.

Mortgage rates and Annual Percentage Rates on the regional loans may vary depending on several factors including but not limited to the points paid, loan amount, loan-to-value, the credit score of the borrower, property type, and occupancy. The mortgage loan programs and mortgage rates for the Palm Bay area are subject to change at any time.

All information is based on sources deemed reliable, but no warranty or guarantee is made as to its accuracy or completeness. Contact the individual mortgage lenders to verify current home loan rates and find out about additional mortgage lending details and requirements.

The best national CD rates stayed within a tight range for the week ending April 24, 2009.  The short term rates increased slightly, with the six month term CD rates bumping up two basis points while the one year CD rates dropped by two basis points, a basis point is 1/100 of a percent.  Mid
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