Today’s Mortgage Rates August 31, 2010
For the last day of August, today’s mortgage rates continued their August downward trend and closed lower yet again. Hard to believe, but today’s’ mortgage rates from the top ten bank mortgage lenders are lower today than they were just three days ago, at the close of last week on August 27.
Conventional fixed mortgage rates rose slightly on Friday when short term bond prices fell measurably and interest rates rose, marking the first significant uptick in days. Rates moved lower on Monday and continued that direction through today.
Based on the most recent survey of bank mortgage rates performed by Findlocalmortgagerates.com, the average 30 year mortgage rate dropped down to 4.504% with .375 points. The average 15 year mortgage rate was lower as well, drifting down to 3.975% with 0.35 points.
Results from the survey for the 30 year home loan at five of the largest bank mortgage lenders in the today’s mortgage rate survey included the following mortgage rates and terms:
Chase mortgage rates on the 30 year for Aug 31 came in at 4.625% with .125 points for an APR of 4.691%.
Wells Mortgage rates for a 30 mortgage had an interest rate of 4.25% with 1.0 point and a 4.403% APR.
Bank America mortgage rates were 4.625% and 1.0 point with an APR at 4.778% for the 30 year home loan.
SunTrust mortgage rates were 4.25% with 1.50 points and an APR of 4.407%.
TD mortgage rates for a 30 year home loan came in at 4.50% and zero points with a 4.542% APR.
Today’s mortgage rates and costs listed are current as of this publication date but are subject to change by the bank mortgage lenders and are not guaranteed. All mortgage loans and mortgage interest rates listed require bank approval and bank underwriting.
The mortgage rates listed are based on mortgage loan amount of approximately $250,000.00 with a 20% down payment. Mortgage rates are dependent on the credit profile of the borrower, the down payment amount, property type and geographic location, these factors and others will impact a specific loan request and may alter the mortgage rate and costs.
The mortgage rates and points listed are just a sample of the rates from the survey and are just a sample of the many home loan programs and mortgage rates that are available from these bank mortgage lenders.
Top Five Bank Mortgage Rates August 30th, 2010
Bank mortgage rates moved decidedly lower for the week ending August 27, 2010. Based on the survey of the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com, the average 30 year fixed rate home loan moved down to 4.65% while the average 15 year fixed rate home loan dropped to 4.15%.
The average points charged by the largest banks surveyed to obtain these rates was unchanged for the 30 year term mortgages at 0.425 points and was lower for the 15 year, falling to 0.375 points.
While both the 30 year mortgage and 15 year mortgage rate are down for the week, they are off of their lows reached during the week. The current 30 year fixed rate mortgage inched up slightly on August 27 when bond prices made a dramatic retreat and interest rates rose.
The results from the top five bank mortgage lenders in this week’s mortgage rate survey included the following 15 year and 30 year mortgage rates:
Wells Fargo mortgage rates included a 30 year loan at 4.25% with 1.0 point and a 4.403% APR while the 15 year loan is at 3.75% rate with 1.0 point and a 4.017% APR.
Chase Mortgage rates came in at 4.75% with 0.25 points and a 4.827% APR on the 30 year term home loan and 4.50% with no points for a 4.596% APR on a 15 year term.
Bank of America mortgage rates showed the 30 year at 4.875% with 0.75 points for a 5.005% APR and the 15 year at 4.25% with 0.875 points for a 4.491% APR.
Citibank mortgage rates were 4.875% with 0.125 points and an APR of 5.031% for the 30 year rate and 4.375% with zero points and a 4.603% APR on the 15 year mortgage loan.
US Bank mortgage rates for the 30 and 15 came in at 4.50% with no points and a 4.564% APR and 3.875% with no points and a 3.985% APR, respectively.
The bank mortgage rates, points and APRs listed in the Findlocalmortgagerates.com rate survey may vary depending on the credit, income, assets, geographic location and property of a particular loan.
The Findlocalmortgagerates.com rate survey is current as of August 27, 2010, however all mortgage rates are subject to change.
The mortgage rates surveyed are based on California properties with a loan amount of $250,000.00 and a 20% down payment.
Findlocalmortgagerates.com publishes the bank mortgage rate survey to allow potential home loan borrowers the ability to quickly and easily research mortgage interest rates from multiple bank mortgage lenders throughout the country.
More information on the mortgage loans and mortgage rates listed can be obtained by contacting the bank mortgage lenders directly:
Chase Bank 800-873-6577
Bank of America 888-233-4124
Citibank 800-667-8424
Wells Fargo 877-937-9357
US Bank 888-831-7524
Top FHA Mortgage Rates August 27, 2010
Current FHA mortgage rates have fallen along with conventional mortgage rates. Current 30 year fixed FHA mortgage rates are now under 4.50%. The most recent survey of the top FHA mortgage lenders performed by Findlocalmorgagerates.com shows the average 30 year fixed rate FHA mortgage is now at 4.425% with an average of 0.65 points.
FHA mortgage loans continue gain in popularity. Since the credit/mortgage crisis of 2007, mortgage lender guidelines have become increasingly restrictive. The rigid down payment requirements, combined with the overall restrictive lending guidelines for conventional home loans have caused an increase in FHA mortgage originations for home purchases this year.
The strict credit restrictions for conventional loans has also limited refinance activity and is causing an increase in FHA refinances for both existing FHA loans that are being refinanced from lower mortgage rates and existing conventional loans that are being refinanced into FHA loans to take advantage of both lower FHA mortgage rates and less severe credit, income and loan to value requirements.
The top five bank mortgage lenders in the survey offered the following 30 year FHA mortgage rates, origination and discount points and APRs:
Wells mortgage rate for a 30 year FHA home loan is 4.25% and 1.0 point with a 4.673% APR.
US Bank mortgage rate for an FHA loan with a 30 year term is at 4.50% with zero points and a 5.01% APR.
Bank of America mortgage offers the 30 year FHA mortgage rate at 4.625% with 1.125 points and an APR of 4.786%.
SunTrust mortgage rate is 4.25% with 1.125 points and an APR at 4.783% on the FHA 30 year home loan.
HSBC Mortgage rate for an FHA loan is 4.50% with no points resulting in an APR of 4.678%.
The FHA mortgage rates, discount points and APRs listed are for owner occupied single family properties in Illinois with a loan amount of approximately $200,000.00. The bank FHA mortgage rates listed are current as of this publication date but are subject to change.
All mortgage loans require bank approval, additional conditions and some restrictions may apply which may also alter the mortgage rates, points and APR offered by the mortgage lender.
WV Mortgage Rates August 25, 2010
Compare WV mortgage rates from top bank mortgage lenders in WV and the top bank mortgage lenders. Before a potential mortgage loan borrower shops for the best mortgage and best mortgage rates in WV, the Findlocalmortgagerates.com survey of today’s WV mortgage rates offers a quick and easy guide to compare the average mortgage interest rates available.
The mortgages in this week’s survey of WV mortgage rates include loans from two of the largest bank mortgage lenders and two local bank mortgage lenders. Wells Mortgage rates in WV and Bank America mortgage rates in WV were surveyed along with two WV based banks, Progressive Bank mortgage rates in WV and WesBanco mortgage rates.
Progressive Bank, which is headquartered in Wheeling, West Virginia offers a 30 year fixed rate loan at 4.50% with no points and an APR of 4.532%. The 15 year mortgage rate from Progressive Bank is at 4.00% also with no points and an APR at 4.055%.
WesBanco, which is also headquartered in Wheeling, WV offers a mortgage rate for a 30 year is at 4.375% with zero points and a 4.408% APR. The 15 year loan from WesBanco has a mortgage rate of 3.75% with zero points resulting in a 3.808% APR.
Wells Mortgage rates in WV are 4.25% with 1.0 point for the 30 year and 3.625% with 1.0 point on the 15 year. The APRS are 4.421% for the 30 year term and 3.921 for the 15 year term.
Bank America mortgage rates in WV include the 30 year mortgage loan at 4.875% with 1.125 points for a 5.036% APR and a 15 year home loan at 4.375% with .75 points and a 4.594% APR.
The mortgage rates in WV listed assume the borrower has good credit and requires a 20% or greater down payment for a single family, owner occupied home. WV mortgage rates are current as of this publication date but are subject to change. These are a sample of the mortgage rates and mortgage loans offered by these bank mortgage lenders, additional home loan programs and rates are available. Mortgage rates for a specific mortgage loan request will be dependent on the property, credit, income and other factors that determine a loan approval.
Progressive Bank’s mortgage loan department can be reached at (304) 233-0060. Progressive Bank is a community bank in WV that operates nine bank branch offices. Progressive Bank operates three offices in Ohio County, one office in Brooke County, one office in Marshall County, one office in Wetzel County, one office in Upshur County, and one office in Lewis County.
WesBanco Bank operates 111 bank branch offices in the states of West Virginia, Ohio and Pennsylvania. The bank’s loan department can be reached at 877-682-7944.
Wells Fargo home mortgage can be reached at 877-937-9357.
Bank America mortgage is available at 800-586-9861.
Today’s Mortgage Rates August 24, 2010
Today’s mortgage rates from the top bank mortgage lenders continued their downward drive. The average mortgage rate from the top ten bank mortgage lenders on the 30 year fixed rate mortgage has now reached 4.558% while today’s mortgage rate for the 15 year loan dipped to 4.025%. Mortgage rates are current as of August 24, 2010.
Today’s mortgage rates survey includes the average rate on a 30 year fixed rate home loan and 15 year fixed rate home loan and includes the mortgage interest rate, points charged and the APR. The average points needed to obtain today’s mortgage rates from the top ten bank lenders came in at .413 points for the 30 year and .35 points for the 15 year.
Results from the survey for the 30 year home loan found at five of the top ten bank mortgage lenders in the nation included:
Wells Mortgage rates on the 30 year home loan is 4.25% with 1.0 point and a 4.40% APR.
Chase mortgage rates on the 30 year is at 4.75% with .125 points for an APR of 4.816%.
Bank America mortgage rates are at 4.875% and 1.0 point with an APR at 5.022% for the 30 year term home loan.
SunTrust mortgage rates had the 30 year fixed rate mortgage at 4.25% with 1.50 points and an APR of 4.407%.
Key Bank mortgage rates for a 30 year mortgage is 4.58% and zero points with a 4.72% APR.
Mortgage rates and costs will vary based credit, loan amount, property type and location and other factors involved in underwriting. Today’s mortgage rates survey from Findlocalmortgagerates.com covers the largest bank mortgage lenders in the nation including based on loan amounts of $250,000.00 with a 20% down payment.
Today’s mortgage rates are current as of this publication date but are subject to change by the bank mortgage lenders listed. All mortgage loan s and mortgage loan rates are subject to mortgage lender approval.
The mortgage rates and points are just a sample of the many home loan programs and mortgage rates that are available from these bank mortgage lenders. The mortgage rates listed above are just a sample of the mortgage interest rates and costs compiled in the mortgage rate survey.
Top Bank Mortgage Rates August 23th, 2010
Mortgage rates from the top five bank mortgage lenders increased for the first time in several weeks. Based on the current bank mortgage rate survey performed by Findlocalmortgagerates.com, both the 15 year fixed rate mortgage and 30 year mortgage rate increased for the week ending August 20, 2010.
Mortgage rates from the top bank lenders diverged greatly in this week’s survey. The 30 year mortgage rate ranged from a low of 4.25% to high of 5.125% while the 15 year ranged from a low interest rate of 3.75% to a high of 4.625%. This is the widest rate difference posted this quarter.
In this week’s survey, the average 30 year mortgage rates rose to 4.725% while the average 15 year mortgage rate moved up to 4.20%. The average total points charged by the banks in the survey to obtain the 30 year rate dropped modestly to .425 points on average and the average points charged on the 15 year moved up modestly to 0.45 points.
The results from this week’s survey from the top five bank mortgage lenders included the following 15 year and 30 year mortgage rates and the points charged to obtain those rates:
Wells Fargo mortgage rates were lower for the 30 and 15 year term loans with the 30 year mortgage hitting 4.25% with 1.0 point and a 4.403% APR and the 15 year mortgage rate dropping to 3. 75% rate with 1.0 point and a 4.017% APR.
Chase Mortgage rates were also lower for the 30 and mostly unchanged on the 15 year term with a 30 mortgage rate of 4.875% with zero points and a 4.931% APR and the 15 year rate at 4.50% with .125 points for a 4.615% APR.
Bank of America mortgage rates fell measurably on the 30 year to 4.875% with 1.125 points for a 5.032% APR while holding at 4.25% with 1.0 point for a 4.449% APR on the 15 year mortgage.
Citibank mortgage rates ticked up modestly with a 30 year home loan costing 5.125% with no points and an APR of 5.261% and 4.625% with .125 points and a 4.767% APR on the 15 year home loan.
US Bank mortgage rates slipped for the shorter term and remained constant on the 30. The 30 year rate from US Bank held at 4.50% with no points and a 4.564% APR and the 15 year dipped to 3.875% with no points and a 3.985% APR.
The Findlocalmortgagerates.com rate survey is current as of August 20, 2010, however all mortgage rates are subject to change. The bank mortgage rates, points and APRs listed may vary depending on the credit, income, assets and property of a particular loan. The mortgage rates surveyed are based on California properties with a loan amount of $250,000.00 and a 20% down payment. Rates may vary based on these factors as well as other loan conditions.
Findlocalmortgagerates.com publishes the bank mortgage rate survey to allow potential home loan borrowers the ability to quickly and easily research mortgage interest rates from multiple bank mortgage lenders throughout the country.
For more information on the mortgage loans products and mortgage rates listed can be obtained by contacting the bank mortgage lenders directly:
Chase Bank 800-873-6577
Bank of America 888-233-4124
Citibank 800-667-8424
Wells Fargo 877-937-9357
US Bank 888-831-7524
Today’s Mortgage Rates August 20, 2010
Today’s mortgage rates for August 20, 2010 moved lower once again. The average 30 year mortgage rate surveyed by Findlocalmortgagerates.com dropped down to 4.613%. Today’s 30 year mortgage rate is five basis points lower than the last survey on Wednesday August 18 when the average 30 year rate was 4.669%. Today’s 15 year mortgage rate was lower as well, falling to 4.044%.
The average points needed to obtain these mortgage rates edged up slightly with the average points charged on for the 30 year rising to .40 points and the average points charged for the 15 year increasing to .375 points.
Mortgage rates continued to drift lower as well the week progressed along with other bond rates and bank rates. The ten year Treasury bond drifted down from 2.64% on Wednesday to close at 2.62% by the close of Friday. The two year Treasury bond made a similar drop, coasting down from .51% on Wednesday to 0.49% on Friday.
Today’s mortgage rates survey from Findlocalmortgagerates.com covers the largest bank mortgage lenders in the nation including; Chase Mortgage, Bank of America, Wells Fargo, Citibank, US Bank, SunTrust Mortgage, Key Bank, Fifth Third Bank, HSBC Mortgage and TD Bank.
Results for the 30 year home loan from three of the top ten bank mortgage lenders in today’s mortgage survey included:
SunTrust mortgage rates had a 30 year at 4.375% with 1.375 points and an APR of 4.523% while the 15 year from SunTrust was 3.75% with 1.25 points and a 3.983% APR.
Wells Mortgage rates for a 30 year fixed rate mortgage was 4.25% with 1.0 point and a 4.571% APR and the 15 year home loan rate was 3.75% with 1.0 point and a 4.090% APR.
US Bank mortgage rates for a long term 30 year fixed rate mortgage is 4.50% and zero points with a 4.564% APR loan while the short term 15 year term loan is at 3.875% with no points for a 3.985% APR.
Today’s mortgage rates are current as of this publication date but are subject to change by the bank mortgage lenders listed. All home loan products and home loan rates are subject to mortgage lender approval.
The mortgage rates listed are based on mortgage loan amount of approximately $250,000.00 with a 20% down payment on a single family owner occupied property in California. Mortgage rates are dependent on the credit profile of the borrower, the down payment amount, property type, geographic location, as well as additional conditions that will impact the loan approval as well as the mortgage rate.
The mortgage rates and points are just a sample of the many home loan programs and mortgage rates that are available from these bank mortgage lenders. The mortgage rates listed are just a sample of the rates compiled in the mortgage rate survey.
Today’s Mortgage Rates August 18, 2010
Review today’s current mortgage interest rates from a variety of bank mortgage lenders. The current national average 30 year mortgage rate now stands at 4.669 percent; this is a slight increase from the average rates on Friday, August 13 which ended at 4.619%. The average origination and discount point charged by the bank mortgage lenders to obtain the rate fell from .40 points to .363 points.
The current 15 year mortgage rate is at 4.094 percent, and increase of eight basis points or 8/100 of a percent from Friday’s closing average mortgage rate of 4.011%. The average points charged by mortgage lenders to obtain the 15 year mortgage rate were also down, drifting to .338 points on average from .413 points on August 13.
The weak economic recovery across the globe is keeping a cap on mortgage interest rates movements; however mortgage rates will change daily often experiencing just mild changes day to day with some of the movements pushing rates slightly higher even while the interest rate market in general has hardly budged.
Today’s mortgage rates survey covers the largest bank mortgage lenders in the nation, results for the 30 year home loan from three of the top ten bank mortgage lenders in the survey included:
Wells Mortgage rates on a 30 year fixed rate home loan was 4.25% and a 1.0 point with an APR of 4.403% and the 15 year mortgage rate was 3.75% with 1.0 point for an APR of 4.017%.
Bank of America mortgage rates for the 30 year was 4.875% with 1.0 point and a 5.014% APR and 4.25% with 1.0 point and a 4.49% APR on the shorter term, 15 year mortgage loan.
Chase Mortgage rates came in at 5.00% and .125 points with a 5.068% APR for the 30 year home loan and 4.50% with no points for a 4.709% APR on the 15 year.
Today’s mortgage rates are current as of this publication date but are subject to change by the bank mortgage lenders. All home loan products and home loan rates are subject to mortgage lender approval.
The mortgage rates listed are based on mortgage loan amount of approximately $250,000.00 with a 20% down payment on a single family owner occupied property in California. Mortgage rates are dependent on the credit profile of the borrower, the down payment amount, property type, geographic location, as well as additional conditions that will impact the loan approval as well as the mortgage rate.
The mortgage rates and points are just a sample of the many home loan programs and mortgage rates that are available from these bank mortgage lenders. The mortgage rates listed are just a sample of the rates compiled in the mortgage rate survey.
South Carolina Mortgage Rates August 17, 2010
When it comes to home financing in South Carolina, there are many different options for mortgage borrowers to choose from. Mortgage loans with competitive mortgage rates in SC can be found at local South Carolina based banks as well as big national banks that offer mortgage services in the Palmetto State.
Determining which mortgage rates and bank mortgage lender to choose can be a complex process. Whether someone is buying their first home, refinancing and existing mortgage or making another home purchase, choosing the right mortgage loan and bank mortgage lender can save thousands of dollars and make the home loan process easy.
Findlocalmortgagerates.com has surveyed two SC based banks as well as two of the top ten largest bank mortgage lenders to compare mortgage rates in SC.
CapitalBank based in Greenwood, SC is the 11th largest bank based in SC. CapitalBankprovides a number of different mortgage loans that come with a combination of low rates and fees and local customer service.
CapitalBankmortgage rate for the 30 year fixed is at 4.25% with no points and a 4.374APR. A 15 year mortgage from CapitalBankhas a rate of 3.875% with no points and a 4.091% APR. There is a 1% origination fee collected on each loan from CapitalBankthat is not listed with the points charged.
First Reliance Bank is based in Florence, SC and is the 16th largest bank based in SC. First Reliance Bank mortgage rate in SC for a 30 year home loan is 5.375% with zero points and an APR of 5.404% while the shorter term, 15 year mortgage loan rate is at 5.00% with zero points resulting in a 5.05% APR.
The big bank mortgage lender rates in the survey come from Bank of America and Chas Bank.
Bank America mortgage rate in SC for a 30 year mortgage is at 4.875% with 1.125 points and a 5.015% APR and the 15 year mortgage rate is 4.25% with 1.0 point and a 4.473% APR.
Chase Mortgage rates in SC include the 30 year home loan with a rate of 5.00% and .125 points for a 5.062% APR and a 15 year home loan rate of 4.50% and zero points and an APR at 4.587%.
The mortgages interest rates in SC and costs listed are available to borrowers with an excellent credit history on single family owner occupied properties with a 20% down payment or greater. The actual mortgage interest rate and costs available will be based on the credit history, property and other factors and may be different than the mortgage rates displayed.
The South Carolina mortgage interest rates, annual percentage rates (APRs) and points shown are subject to change without notice.
CapitalBank operates 18 bank branches throughout upstate South Carolina; the bank can be reached at 877-941-2265.
First Reliance Bank serves Columbia, Charleston, and Florence markets in South Carolina with six bank branches and can be reached at 843-656-5000.
Bank of America mortgage department is available at 800-586-9861.
Chase Mortgage can be reached at 800-873-6577.
FHA Mortgage Rates August 17, 2010
Today’s 30 year fixed FHA mortgage rate is now at 4.50% according to the most recent survey of the top FHA mortgage lenders performed by Findlocalmortgagerates.com. The average points charged to obtain the 4.50% FHA mortgage rate from the bank mortgage lenders in the survey came in at 0.70 points.
FHA mortgage rates continue to remain at historic low levels along with conventional mortgage rates. High down payments and tougher bank lending standards continue to make it difficult for a number of consumers to take advantage of the current low mortgage rates in the conventional market, which is ultimately pushing more borrowers into FHA loans for both home purchases and refinance transactions.
The top five bank mortgage lenders that are included in the Findlocalmortgagerates.com FHA mortgage rate survey are Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage.
The results of the survey from these bank mortgage lenders with the 30 year FHA mortgage rate, origination and discount points and APR’s are listed below.
The Bank of America mortgage rate on a 30 year FHA loan is 4.625% with 1.25 points and an APR of 4.770%.
Wells mortgage rate for a 30 year FHA is 4.50% and 1.0 point for a 5.233% APR.
US Bank mortgage rate is at 4.50% with zero points and a 5.271% APR for a 30 year term FHA home loan.
SunTrust mortgage rate on an FHA 30 year is 4.25% with 1.25 points and an APR at 4.794%.
HSBC Mortgage rate is 4.625% with no points and a 4.804% APR for a 30 year FHA mortgage loan.
FHA loans remain available with a down payment as low as 3.5%. Though the lending criteria for FHA loans has tighten along with conventional mortgages, the credit requirements, income and asset requirements for FHA loans remain significantly more flexible.
The FHA mortgage rates, costs and APRs listed are for owner occupied single family properties with a loan amount of approximately $250,000.00. The bank mortgage rates listed are current as of this publication date but are subject to change. All mortgage loans require bank approval, additional conditions and some restrictions may apply.