Shore Mortgage, a full service company offering new mortgages as well as refinancing services, has five locations throughout the Detroit metropolitan area. Today, Shore president, Robert Rahal, announced the company is seeking to hire 150 new employees in several capacities including underwriters, account executives and loan officers.

US MBA Mortgage Survey Table Of Current Interest Rates (The Forex Market)
Change in Contract Rate (bps) Effective Total Contract 1 Week 4 Weeks 1 Year Rate Points Rate Ago Ago Ago 30-Year Fixed 6.78 1.48 6.49 4 -10 10 15-Year Fixed 6.47 1.10 6.20 0 -4 15 7-Year Balloon 5.96 0.98 5.71 19 7 -61 5-Year Balloon 6.82 1.09 6.55 37 32 -23 ARM, 1-Yr Tsy 6.10 1.05 5.84 3 22 -8 FHA 203 (b) 6.70 1.08 6.52 -1 -19 11 All rates except FHA 203(b) are for 80% loan-to-value mortgage.