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ING Direct Mortgage Rates

ING Direct Mortgage Rates remain fixed for initial 5 to 10 years on a home loan that is based on a 30 year repayment plan. Under Easy Orange program, you can even qualify to seek rate renew for another 5 to 10 year period, which is better than refinancing as the former doesn’t involve hefty closing costs. The other advantages of this program include bi-weekly payments and easy application process. However, you need to have a credit score of over 700 to be able to apply for Easy Orange Mortgage. The lending criteria for Orange Mortgage are rather lenient and are therefore suitable for those who usually take a refinance loan in every 5 to 7 years. Low interest rates devoid of any points and other unnecessary application charges make this option a great choice and a real money saver.

ING Mortgage Rates Today

ING Mortgage Rates Today is accessible online at The direct banking approach of ING Bank allows you to bypass the steps one usually needs to go through while obtaining loans from a physical branch location. The money thus saved is passed onto the customers and you get a mortgage solution with low closing costs and easy application and servicing processes. The rate renewal feature does not require you to pay again for closing a refinance loan. Everything you need to know about mortgage rates, such as rate history, trend, increase and drop are available online. Here is a sample of ING current mortgage rates as seen on the website of the bank.

Product Interest rates APR
Easy Orange (30 Year Term, 5 Year fixed) 2.99% 3.05%
Easy Orange (30 Year Term, 10 Year fixed) 4.00% 4.07%
Orange Mortgage (5/1 ARM) 3.25% 3.31%
Orange Mortgage (7/1 ARM) 3.50% 3.43%

Jumbo Mortgage Rates (for loans valuing more than $500,000)

Product Interest rates APR
5/1 Adjustable Rate 3.75% 3.47%
7/1 Adjustable Rate 4.00% 3.65%

Once you initiate the application process, the rates are guaranteed for a 60 day period in case of a purchase and for a 45 day period in case of a refinance. In Canada, a rate hold can allow customers to get a lock-in period of up to 120 days. For more information dial 1-866-327-4599.

ING Wholesale Mortgage Rates

Brokers and lenders can visit and access the exclusive Orange Gateway for any information pertaining to wholesale mortgage rates, rate sheet and ING Direct Historical Rates. The rate sheets are meant for approved brokers only and not for the consumers. Instead they can approach a broker to get a quote, which may vary from one broker to another. Depending upon your credit and other several other factors you might be offered a rate reduction or a cut in the monthly payment. It is advisable to have a look at the rate history available at the website of Fannie Mae and Freddie Mac and get an understanding of the current market behavior. You can then compare the quotes of different brokers to decide the best option that can work for you.


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