FOR IMMEDIATE RELEASE
LendingTree Weekly Mortgage Rate Pulse Announces Top Ten Lenders Based on Customer Reviews
LendingTree customers review and rate their lender experience, smaller online lenders top the list
CHARLOTTE, NC (November 30, 2011) – Average mortgage rates remained flat week-over-week according to the LendingTree Weekly Mortgage Rate Pulse, which tracks the lowest and average mortgage rates offered by lenders on the LendingTree network. LendingTree also today announced the “Top Ten Lenders” on its network, based on customer reviews. These lenders have provided customers with exceptional customer service combined with the lowest mortgage rates available.
On November 29, average mortgage rates offered by LendingTree network lenders were 4.30 percent (4.58% APR) for 30-year fixed mortgages, 3.59 percent (4.03% APR) for 15-year fixed mortgages and 3.24 percent (3.51% APR) for 5/1 adjustable rate mortgages (ARM), showing little change from the previous week.
On the same day, the lowest mortgage rates offered by lenders on the LendingTree network remained flat week-over-week at 3.75 percent (3.88% APR) for a 30-year fixed mortgage, 3.00 percent (3.23% APR) for a 15-year fixed mortgage and 2.50 percent (3.03% APR) for a 5/1 ARM.
Top Ten LendingTree Network Lenders
(Based on Q3 LendingTree Customer Ratings and reviews)
1. Great Western Financial Services, Inc.
2. LSI Mortgage Plus
3. Affinity Mortgage, LLC
4. HomePlus Mortgage
5. Royal United Mortgage
6. First Preferred Mortgage
7. FirstSouth Mortgage, LLC
8. Community Home Lending
9. Southwest Direct Mortgage, LLC
10. Fairway Independent Mortgage Corporation
“With 377 lenders on the LendingTree network, these top-rated lenders best exemplify diligence and excellent customer service,” says Mark Fowler, senior vice president at LendingTree. “At LendingTree, we strive to act as a consumer advocate and serve as a partner for borrowers in the loan process. LendingTree is privileged to have an unparalleled network of lenders to help us achieve this goal.”
Disclosure: SOUTHWEST DIRECT MORTGAGE, LLC NMLS#61314. Arizona: Mortgage Banker License #0908190; California: Loans made or arranged under California Finance Lenders Law License #603D430; Colorado: Mortgage Company Registration, Regulated by the Division of Real Estate; Washington: Consumer Loan Company License #CL-61314 NMLS Consumer Information Access: http://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/61314 .These materials are not from HUD or FHA and were not approved by HUD or a government agency.