AZ Mortgage Rates June 2010
There are many mortgage options and mortgage rates available in Arizona. Finding and comparing all of the AZ mortgage rates and programs can be a daunting task. With mortgage rates dropping to record lows across the nation, Findlocalmortgagerates.com survey takes a look at the local mortgage rates in Arizona compared to the national mortgage rates.
Every borrower’s situation regarding a mortgage loan is different, by researching the mortgage rates and home loan products at a variety of mortgage lenders a borrower can find the best home loan to meet their individual requirements.
Today’s mortgage rates come from two of the top 25 largest banks in Arizona, First Arizona Savings and FirstBank of Arizona and two of the top largest bank mortgage lenders in the nation, SunTrust Mortgage and Chase Mortgage.
FirstBank has over 130 bank branch locations in Arizona, California and Colorado. A 30 year fixed rate mortgage in AZ from FirstBank has a mortgage rate of 4.625% with 1.0 point and an APR of 4.754%. The 15 year mortgage rate in Arizona at FirstBank is at 4.25% with 1.0 point and an APR of 4.449%.
First Arizona Savings is headquartered in Arizona with bank branch locations in North and South Scottsdale, Glendale, Kingman, Bullhead City, Lake Havasu City and Fort Mohave. The 30 year mortgage rate from First Arizona Savings is at 4.625% with 1.125 points and an APR of 4.753%. The 15 year mortgage rate at First Arizona Savings is at 4.500% with no points and a 4.552% APR.
The Chase Mortgage rate in Arizona for a 30 year fixed is at 5.125% with .375 points and an APR of 5.230%. The 15 year Chase Mortgage rate is 4.625% with 0.25 points and an APR of 4.783%.
The SunTrust Mortgage rate on a 30 year fixed rate home loan is 4.375% with 1.375 points and an APR of 4.523%. The SunTrust Mortgage rate on a 15 year fixed rate home loan is 3.875% with 1.125% and an APR of 4.091%.
The key for new home loan borrowers is to find a competitive mortgage rate with low closing costs combined with timely service from the bank or mortgage lender.
The Arizona mortgage interest rates, annual percentage rates and discount points shown are subject to change without notice. Please note that the interest rate and fees shown here are available to borrowers with an excellent credit history and are based on an owner occupied property with a down payment of 20% or greater. Actual fees and mortgage rates in AZ will be based on the credit history of the applicant, the borrower’s income and assets as well as the property type, location and other factors.
The bank mortgage lenders listed can be reached at the following toll free numbers:
First Arizona Savings can be reached at 800-280-2800
FirstBank mortgage department can be reached at 866–964–2040
Chase Mortgage can be found at 800-873-6577
SunTrust Mortgage customer service is available at 800-634-7928