Daily Mortgage News
Countrywide is being sued by AIG! They are being sued for misrepresenting the quality of their loans. They had many loans with fake credit scores, missing paperwork and Countrywide didn't even follow their own guidelines for underwriting that were insured by AIG. Countrywide is also being sued by many other Attorney Generals.
Daily Mortgage Rates
Conventional 30 Yr. Fixed Rate: 5.625% *
FHA 30 Yr. Fixed Rate: 5.50% **
USDA (100%) 30 Yr Fixed Rate: 5.00% ***
* All rates are subject to change; based on a 150,000 loan amount, 30 Yr term and an APR of 5.693
** All rates subject to change; based on a 150,000 loan amount, 30 Yr term and an APR 6.41
***All rates subject to change; based on a 150,000 loan amount, 30 Yr term and an APR 5.366
