Top Bank FHA Mortgage Rates September 30, 2010
FHA mortgage rates plummeted to start the week but have ticked up modestly as the week comes to a close. Even with a mild rise in rates, FHA mortgage rates remain extremely low. Unfortunately, even as the ultra low FHA mortgage rates have made monthly housing payments look as affordable as ever, new home buyers and existing homeowners are not running to the their bank mortgage lender to take out new home loans.
Despite these low rates, many mortgage shoppers are still intimidated by the process of comparing and applying for a new home loan. The Findlocalmortgagerates.com FHA mortgage rate survey is designed to make that process much easier. By providing the mortgage rates from the top five bank FHA mortgage lenders, consumers can quickly shop and compare rates.
Whether you are a new home buyer or existing borrower seeking a refinance, reviewing the top five bank lending rates will help to facilitate the process of comparing and choosing among the available mortgage rates. Choose one of these mortgage lenders or use the information to compare rates with local mortgage lenders and banks.
FHA mortgage rates today have moved up slightly to an average interest rate of 4.425 percent. The average points charge by the top FHA mortgage lenders to obtain this rate was unchanged at 0.575 points.
The top five bank FHA mortgage lenders in the survey of FHA mortgage rates put forward the following 30 year mortgage rates, points and APRs for September 30, 2010:
SunTrust mortgage FHA loan rate on a 30 year term is at 4.25% with 1.0 point and an APR at 4.862%.
Wells mortgage rate on a 30 year FHA mortgage loan has a rate of 4.25% and 1.0 point with a 4.593% APR.
Bank of America mortgage rate is 4.50% with 0.875 points and an APR of 4.641% on the 30 year FHA home loan.
US Bank mortgage rate for the 30 FHA mortgage is 4.50% with no points with a 5.01% APR.
HSBC Mortgage FHA loan rate for a 30 year loan is at 4.625% with no points and a 4.804% APR.
30 year FHA mortgage rates continue to remain at almost the same levels as conforming 30 year mortgage rates today.
The FHA mortgage rates, discount points and APRs listed from the bank mortgage lenders are for owner occupied single family properties in California with a loan amount of approximately $250,000.00. 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 on specific loan requests.
Ohio Mortgage Rates September 28, 2010
A snapshot of bank mortgage lenders in Ohio and Ohio mortgage rates.
With Mortgage rates holding at all time low levels, potential homeowners and existing homeowners should be comparing rates to find out the benefits of homeownership or the savings with a mortgage refinance. Since a mortgage loan is the biggest financial obligation most individuals will incur, it only makes sense to shop and compare rates.
Each week, Findlocalmortgagerates.com surveys the top five bank mortgage lenders in the nation and the top FHA mortgage lenders to provide a snapshot of mortgage rates and terms available. Periodically, we produce a snapshot of mortgage rates in a specific sate. Today, we highlight mortgage rates and bank mortgage lenders in Ohio.
Though, home loan underwriting or loan approvals have become considerably more stringent, most bank mortgage lenders will prequalify a borrower for little or no charge. Existing homeowners, regardless of how long they have owned their home, may be eligible for a refinance in Ohio at todays near record low mortgage rates.
Today’s Ohio mortgage rates survey includes the home loan rates from Third Federal Savings and Loan, mortgage rates offered by Huntington Bank’s Huntington mortgage division and mortgage rates from Ohio Valley Bank.
Huntington Bank offers a 30 year mortgage rate in Ohio at 4.00% with 1.0 point and a 4.251% APR. The 15 year mortgage rate from Huntington Mortgage is at 3.50% and 1.0 point for a 3.964% APR.
Ohio Valley Bank offers a 30 year mortgage rate in Ohio at 4.375% with no points and a 4.448% APR. The 15 year Ohio mortgage rate from Ohio Valley Bank is at 3.75% with no pints and an APR at 3.876%.
Third Federal Savings and Loan Ohio mortgage rates includes the 30 year loan at 4.39% with zero points and a 4.481% APR and a 15 year mortgage loan with an interest rate of 3.89% with zero points and an APR of 4.048%.
For the bank mortgage rates listed, one point is equivalent to 1% of the loan amount. The mortgage interest rates, annual percentage rate (APRs) and discount points shown from Ohio mortgages are subject to change without notice.
The listed Ohio mortgage rates assume a 20% down payment. Down payment, credit, property value as well as property location are all factors that can determine the effective mortgage rate.
Mortgage rates in Ohio listed above are subject to change without notice. All loans are subject to credit approval and bank lender underwriting.
Other loan terms and pricing options are available from these bank mortgage lenders.
Huntington Bank can be reached at 1-800-562-6871.
Ohio Valley Bank which offers mortgages, home equity, construction, auto, and personal loans can be reached at 1-877-893-2265.
Third Federal Savings and Loan has 22 full service branches in Northeast Ohio, eight lending offices in Central and Southern Ohio, and 17 full service branches throughout Florida and can be reached at1-800-844-7333.
Top Five Bank Mortgage Rates September 27th, 2010
Mortgage rates plunged lower to close the week on September 24, 2010. Even while the stock market has gained some footing and the Fed has made it clear that inflation is too low and action will be taken to increases prices, mortgage rates continued to move lower.
Mortgage rates fell during the week as did most all bank and bond interest rates after the Fed reserve made a press release about providing additional easing to aid the economic recovery. The slow and possibly slowing economic recovery is forcing the Fed to provide more easing in the form of asset purchases which, at minimum, is going to keep interest rates low for some time.
Based on the most recent Findlocalmortgagerates.com weekly survey of bank mortgage rates, the average 30 year fixed rate mortgage was down five basis points or 5/100’s of a percent, to 4.525 percent.
This week’s average 15 year fixed rate mortgage was lower by eight basis points, falling to 3.915 percent.
The average points charged to obtain these mortgage rates was down as well for both home loan products. The average point charged for the 30 year came in at .35 points while the average points charged on the 15 year was .425 points.
The mortgage rates survey results from the top five bank mortgage lenders for the week ending September 24th included the following 15 year and 30 year mortgage rates:
Wells Mortgage rates ended the week at 4.25% with 1.0 point and a 4.403% APR for a 30 year mortgage rate and 3.625% with 1.0 point and a 3.891% APR for the shorter, 15 year home loan.
Chase Mortgage rates were 4.625% with 0.125 points and a 4.691% APR on a 30 year term loan and 4.125% with zero points for a 4.220% APR on a 15 year mortgage.
Bank of America mortgage rates for the 30 year were 4.375% with 0.625 points and a 4.489% APR and the 15 year mortgage rate was 3.75% with .875 points and a 3.985% APR.
US Bank mortgage rate on the 30 year closed at 4.625% with no points and a 4.690% APR while the 15 year mortgage rate was 3.95% with no points and a 4.060% APR.
Citibank mortgage rates ended the week at 4.75% with zero points and a 4.883% APR on a 30 year mortgage loan and 4.125% with 0.25 points for a 4.427% APR on the 15 year mortgage loan.
The mortgage rates and points listed are current as of the survey date, September 24, all mortgage rates and costs are subject to change and all home loans will require bank approval.
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 some of the nation’s largest bank mortgage lenders.
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
Mortgage rates and loan costs for a specific loan request may be affected by a number of factors including the credit, income and assets of the borrower as well as the geographic location and property type. The bank mortgage rates, points and APRs listed in the Findlocalmortgagerates.com rate survey may vary depending on the conditions and more.
FHA Mortgage Rates September 22, 2010
FHA mortgage rates moved lower mid week along with almost all other mortgage loan products. The continued economic weakness combined with the release of a Fed statement on Tuesday pushed FHA mortgage rates dramatically lower. By Wednesday morning mortgage rates had dropped another four basis points or 4/100’s since the beginning of the week.
The average 30 year fixed rate FHA loan mortgage rate from the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com was reduced to 4.375 percent on September 22, 2010. The average points charged to obtain the 30 year FHA loan rate was also lower at mid week. Based on the survey, the average points charged on the 30 year FHA mortgage dropped to .575 points.
The top five bank FHA mortgage lenders in the survey of FHA mortgage rates put forward the following 30 year mortgage rates, points and APRs:
Wells mortgage rate on a 30 year FHA loan has an interest rate of 4.25% and 1.0 point for an APR of 4.593%.
Bank of America mortgage rate on the FHA home loan with a 30 year term is 4.25% with 0.875 points and an APR of 4.380%.
US Bank mortgage 30 FHA mortgage rate is 4.50% with no points with a 5.01% APR.
SunTrust mortgage rate for an FHA loan is at 4.25% with 1.0 point and an APR at 4.873%.
HSBC Mortgage rate for a 30 year FHA loan is at 4.625% with no points and a 4.804% APR.
As mortgage rates have continued to move lower the spread between FHA rates and conforming rates has narrowed appreciably. The FHA mortgage rates are lingering at almost the same levels as conforming mortgage rates today.
The FHA mortgage rates, discount points and APRs listed from the bank mortgage lenders are for owner occupied single family properties in California with a loan amount of approximately $250,000.00. 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 on specific loan requests.
Mortgage Rates September 20th, 2010
Mortgage interest rates fell measurably last week, coming near the all time lows reached earlier in the summer. The most recent survey of bank mortgage rates performed by Findlocalmortgagerates.com shows both the 15 year and 30 year mortgage rates down measurably for the week ending September 17, 2010.
The average 30 year mortgage rate in the survey had an interest rate of 4.575 percent with 0.40 points. The average 15 year mortgage rate in the survey had an interest rate of 4.05 percent with 0.475 points.
Recent economic data has created a mixed picture on the economic recovery with a bias towards an extremely weak economic outlook. The mixed data points have caused mortgage rates to fluctuate more in recent weeks as investors have dipped in out of the bond market cause rates to move up and down with the flow of funds.
The Findlocalmortgagerates.com survey results from the top five bank mortgage lenders for the week ending September 17th included the following 15 year and 30 year mortgage rates:
Bank of America mortgage rates for the 30 year mortgage and 15 year mortgage came in at 4.375% with 0.75 points and a 4.492% APR for the 30 and 3.75% with 1.125 points and a 4.011% APR for the 15 year mortgage.
Wells Mortgage rates were 4.25% with 1.0 point and a 4.403% APR on the 30 year and 3.75% rate with 1.0 point and a 4.017% APR on the 15 year mortgage loan.
Chase Mortgage rates for the 30 year was 4.75% with 0.125 points and a 4.816% APR while the 15 year term loan was 4.375% with zero points for a 4.471% APR.
US Bank mortgage rates on the 30 year mortgage closed at 4.625% with no points and a 4.690% APR and 4.125% with no points and a 4.236% APR for 15 year mortgage rate.
Citibank mortgage rates were 4.875% with 0.125 points and a 5.031% APR on a 30 year home loan and 4.25% with 0.25 points for a 4.553% APR on the 15 year home loan.
Mortgage rates and pints listed are current as of the survey date, September 17, but all mortgage rates are subject to change and all loans and rates will require bank approval.
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
Mortgage rates and loan costs for a specific loan request may be affected by a number of factors including the credit, income and assets of the borrower as well as the geographic location and property type. The bank mortgage rates, points and APRs listed in the Findlocalmortgagerates.com rate survey may vary depending on the conditions and more.
New Jersey Mortgage Rates September 15, 2010
To compare the best New Jersey mortgage rates, Findlocalmortgagerates.com has performed a survey of four bank mortgage lenders operating in New Jersey. Potential home loan borrowers can save money by using the information on NJ mortgage interest rates to compare rates and bank mortgage lenders.
The New Jersey mortgage rates survey offers a convenient way to comparison shop for the best mortgage and mortgage rates. Compare New Jersey mortgage rates from two local bank mortgage lenders and two of the largest national bank mortgage lenders to see if there is a mortgage program that best suits your needs.
In order to sample mortgage rates in New Jersey Findlocalmortgagerates.com has reviewed Wells Mortgage NJ mortgage rates, Chase Mortgage rates in NJ as well as mortgage rates from two local banks, Boiling Springs Savings Bank and Skylands Community Bank.
Boiling Springs Savings Bank is currently offering a 30 year fixed rate home loan with an interest rate of 4.875% with no points and an APR of 4.875%. The 15 year fixed rate loan from Boiling Springs is at 4.125% with no points and an APR of 4.125%.
Skylands Community Bank’s Fulton Mortgage division offers a 30 year fixed rate mortgage at 4.25% and 0.25 points for a 4.324% APR. The 15 year mortgage from Fulton Mortgage is at 3.50% with 1.625 points and a 3.832% APR.
Wells Mortgage rates in NJ include the 30 year mortgage at 4.25% with 1.0 point and a 4.403% APR as well as a 15 year fixed rate mortgage at 3.75% and 1.0 point resulting in a 4.017% APR.
Chase Mortgage rates in NJ include a 30 year term home loan with a mortgage rate of 4.625% and 0.125 points and a 4.691% APR and a 15 year mortgage rate at 4.25% with 0.25 points for an APR of 4.383%.
The mortgage interest rates, annual percentage rates (APRs), and discount points shown are current as of this publication date but subject to change without notice. Individual mortgage loan rates may be different based on the loan amount, property, down payment, borrower’s credit score as well as other factors. All mortgage loans are subject to bank lender and credit approval.
Skylands Community Bank is a full service commercial bank serving the Northwest Region of New Jersey. Fulton Mortgage Company provides a full range of products and services to Fulton Financial Corporation’s family of banks.
Boiling Springs Savings Bank is headquartered in Rutherford, New Jersey and has 17 bank branches.
Compass Bank Mortgage Rates September 14, 2010
BBVA Compass offers mortgage loans with competitive mortgage rates on a variety of home loan products. BBVA Compass is headquartered in Birmingham, Alabama and operates more than 720 bank branches in seven states. BBVA Compass mortgage originates mortgage loans throughout Texas, Alabama, Arizona, California, Florida, Colorado and New Mexico.
Compass Bank mortgage rates are based on the geographic location of the property and the borrower. However, the mortgage rates offered by BBVA Compass Bank are often very similar within the states are served by the bank.
Compass Bank mortgage rates in Alabama include the 30 year fixed rate mortgage which has an interest rate of 4.25% with 1.0 point and an APR 4.365% as well as a 15 year fixed rate loan which has interest rate of 3.75% and 1.0 point for a 3.95% APR.
Compass Bank mortgage rates in Arizona are the same rates with the 30 year fixed rate mortgage at 4.25% with 1.0 point and an APR 4.365% and the 15 year at 3.75% and 1.0 point for a 3.95% APR.
Colorado mortgage rates are also equivalent to the other state mortgage rates as are the Compass Bank mortgage rates in California, New Mexico mortgage rates, Florida mortgage rates and Texas mortgage rates that are offered by the bank
Compass Bank mortgage allows new home buyers to apply for a mortgage before choosing the home to purchase. This allows the borrower to be prequalified and determine if they can be approved for a specific loan amount or loan program.
BBVA Compass has capitalized on their recent bank branch expansion and their strong capital position to offer a plethora of mortgage products. BBVA Compass Bank offers fixed and adjustable rate mortgages for conforming loan amounts and jumbo loans as well as FHA loans and VA home loans, loans for first time home buyers, home loans for refinances and more.
BBVA Compass is a subsidiary of Compass Bancshares, Inc., a wholly owned subsidiary of BBVA. BBVA is one of the largest financial services companies in the world with more than $785 billion in total assets, 48 million clients and 7,600 branches.
To apply for a new mortgage loan or discuss current mortgage rates at Compass Bank, a bank customer service representative can be reached at 888-853-6346.
Mortgage Rates Today September 13th, 2010
Mortgage interest rates dropped modestly for the week ending September 10, 2010 even while most bank rates increased for the week.
The benchmark 30 year fixed mortgage rate, which is the preferred loan during times of low mortgage rates, was lower by just under three basis points. The average 30 year mortgage rate form the top five bank mortgage lenders had an average interest rate of 4.675%.
Reviewing the 15 year fixed mortgage rate, which is generally always lower than the 30 year fixed mortgage rate, the average interest dropped by two basis points. The reduction in this week’s 15 year mortgage rate brought the average 15 year mortgage interest rate to 4.125% for the week.
The actual savings on the 15 year mortgage can be substantial with the lower rate and the shorter term bringing about a lower amount of overall interest paid for the term of the loan. Even with the lower interest rate and lower total costs over the life of the loan, the 15 year mortgage remains the less popular home loan choice.
The Findlocalmortaggerates.com survey results from the top five bank mortgage lenders for the week ending September 10th included the following 15 year and 30 year mortgage rates, points and APRs:
US Bank mortgage has a 30 year mortgage rate at 4.625% with no points and a 4.69% APR and a 15 year mortgage rate at 4.125% with no points and a 4.236% APR.
Wells mortgage rates were 4.375% with 1.0 point and a 4.530% APR on the 30 year and 3.75% rate with 1.0 point and a 4.017% APR on the 15 year loan.
Chase Mortgage rates were 4.875% with 0.125 points and a 4.942% APR on the 30 year term loan and 4.50% with 0.125 points for a 4.615% APR on the 15 year loan.
Bank of America mortgage rates for the 30 year mortgage were 4.625% with 0.875 points and a 4.746% APR and 4.00% with 1.0 point and a 4.231% APR for the 15 year mortgage rate.
Citibank mortgage rates closed the week at 4.875% with no points and a 5.009% APR on a 30 year home loan and 4.25% with 0.25 points for a 4.553% APR on the 15 year home loan.
Mortgage rates are current as of this publication date but all mortgage rates are subject to change and require bank approval.
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
Mortgage rates and loan costs for a specific loan request may be affected by a number of factors including the credit, income and assets of the borrower as well as the geographic location and property type. The bank mortgage rates, points and APRs listed in the Findlocalmortgagerates.com rate survey may vary depending on the conditions and more.
FHA Mortgage Rates Today September 12, 2010
Current FHA mortgage rates remained relatively stable this week in light of the measurable rise in Treasury rates that occurred over the past week. A gloomy outlook for the economy had been hurting stocks but helping bring money into Treasury bonds and mortgage backed securities, which brings down mortgage rates. This past week has seen the first sustainable rise in interest rates which is likely to product higher mortgage rates in the coming weeks.
As a result of the general rise in interest rates this week, FHA mortgage rates increased for the week but the magnitude of the change is quite mild. Today’s 30 year fixed rate FHA loan has an average interest rate of 4.550% with 0.675 points based on the survey of the top FHA mortgage lenders performed by Findlocalmortgagerates.com.
The top five bank FHA mortgage lenders in the weekly survey promoted the following 30 year FHA mortgage rates, points and APRs:
Bank of America mortgage rate for the 30 year FHA home loan is at 4.625% with 1.125 points and an APR of 4.786%.
The 30 year FHA loan at Wells mortgage has an interest rate of 4.375% and 1.0 point for an APR of 4.721%.
SunTrust mortgage rate for an FHA loans is at 4.375% with 1.25 points and an APR at 4.924%.
US Bank mortgage offers the 30 FHA mortgage with an interest rate of 4.75% with no points resulting in an APR of 5.271%.
HSBC Mortgage rate for an FHA loan with a 30 year term is at 4.625% with zero points and a 4.804% APR.
The total cost of a 30 year FHA mortgage remains above that of a 30 year conventional home loan however, the mortgage note rate ( excluding points and the APR ) on an FHA loan is now below that of the average 30 year conventional mortgage.
The FHA mortgage rates, discount points and APRs listed are for owner occupied single family properties in California with a loan amount of approximately $250,000.00. 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.
Today’s Mortgage Rates September 9, 2010
Today’s mortgage rates are above last week’s low point but are ending this week slightly lower than where they started.
Based on the most recent survey of fixed rate mortgages performed by Findlocalmortgagerates.com, the average 30 year mortgage interest rate is at 4.65% with .45 points. The average 15 year mortgage interest rate is at 4.125% and .50 points.
While these mortgage rates have risen since the lows hit in the middle of the previous week, they are lower now than they were at the start of the week. The 30 year mortgage started the week at 4.70% with .475 points while the 15 year was at 4.15% and .50 points.
Results from the most today’s mortgage rate survey for the 30 year and 15 year mortgage at five of the largest bank mortgage lenders included the following mortgage rates and terms:
Chase mortgage rates on the 30 and 15 year loans were 4.75% with .125 points for an APR of 4.816% on the 30 and 4.50% with .125 points for a 4.615% APR for the 15.
Wells Mortgage rates for the 30 and 15 year mortgage were 4.375% with 1.0 point and a 4.530% APR for the 30 year and 3.750% with 1.0 point with a 4.017% APR on the 15 year home loan.
Bank America mortgage rates came in at 4.625% and 1.125 points with a 4.765% APR for the 30 year home loan and 4.125% with 1.0 point and a 4.35% APR on the 15 year.
SunTrust mortgage rates were 4.50% with 1.125 points and an APR of 4.627% for the 30 year and 3.875% with 1.125 points and a 4.091% APR on the 15 year loan.
TD mortgage rates for Sept. 9 were 4.625% and zero points with a 4.667% APR on the 30 year home loan while the 15 year was 3.875% and zero points with a 3.947% APR.
All mortgage loans and mortgage interest rates listed require bank approval and bank underwriting. 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.
Bank mortgage rates are dependent on the credit profile of the borrower, the down payment amount, property type and geographic location, along with other factors that will impact a specific loan request and may alter the mortgage rate and costs. The mortgage rates listed are based on mortgage loan amounts of approximately $250,000.00 with a 20% down payment for a single family owner occupied property.
The mortgage rates and points listed are just a sample of the rates from the Findlocalmortgagerates.com survey and are just a sample of the loan programs and mortgage rates that are available from these bank mortgage lenders.