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                                    Mortgage Payment Calculator Payments Fall

       By SelectRates Media, Inc.
       Dated: Jul 16, 2009

       The 30 year fixed rate mortgage payment fell for the week ending July 15, 2009.

       The 30 year fixed rate mortgage payment fell for the week ending July 15, 2009. Selectcalcultors.com
       calculates the monthly mortgage payment on the 30 year and 15 year mortgage based on a survey of the top
       bank mortgage rates on the close of Wednesday weekly. This week the monthly mortgage payment on a
       $175,000 home loan based on the results from the mortgage payment calculator fell $4.37 to $980.51. The
       mortgage rate input to the mortgage payment calculator was based on the average 30 year fixed rate
       mortgage of 5.38% with an average of 0.43 points. The mortgage calculator payment for last week on a
       $175,000 home loan was $984.88 based on an average 30 year fixed rate mortgage of 5.42%.

        The mortgage payment calculator findings for the 15 year fixed rate mortgage with a $175,000 balance
       indicated a decline of $1.81 on the monthly mortgage payment. The monthly payment reduction is based
       on a mortgage rate of 4.83%. The average mortgage rate on the 15 year fixed rate mortgage ended the
       week 4.83% with 0.47 points which is down from last week’s average 15 year fixed rate mortgage of
       4.85%.

        Selectcalculators.com is the leading industry tool for mortgage calculators and mortgage payment
       calculators. Selectcalculators.com provides easy to use mortgage calculators as well as articles, advice and
       current news reports on the mortgage industry. With selectcalculators.com consumers can learn about
       mortgage loans, mortgage loan refinancing, buying a home, mortgage calculator payments and more.

        To view all the mortgage calculators and articles visit http://www.selectcalculators.com. SelectRates
       Media, Inc. the publisher of selectcalculators.com also publishes http://www.bestcreditcardrates.com and
       http://www.selectautorates.com.

       ###

       SelectRates Media, Inc. of Naperville Illinois owns and operates http://www.selectCDrates.com along with
       http://www.bestcreditcardrates.com, http://www.selectautorates.com, http://
       www.findlocalmortgagerates.com and http://www.selectcalculators.com.

       Category           Banking, Business, Finance
       Tags               mortgages, mortgage rates, bank rates
       Email              Click to email author
       Phone              630-236-6420
       City/Town          Naperville
       State/Province     Illinois
       Zip                60564
       Country            United States




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