Bank Mortgage Rates July 12, 2010
The 30 year and 15 year mortgage rates from the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com were little changed for the week ending July 10, 2010.
The average rate for the 30 year fixed rate mortgage remained unchanged at 4.775%. The average points charged increased marginally to 0.45 from 0.425 points in the previous week.
The average 15 year fixed rate loan moved higher by just two basis points or 2/100 of a percent bringing the rate up to 4.225% from 4.20% in the prior week. The average points charged to obtain that rate fell modestly to .45 from .50 points in the preceding week.
Results from this week’s mortgage rate survey included the following mortgage rates, points and APRs on the 30 year and 15 year fixed rate home loan from the individual bank mortgage lenders:
The Chase Mortgage rate for the 30 year is 5.00% with zero points and a 5.056% APR while the 15 year mortgage from Chase has a mortgage rate of 4.500% with zero points and an APR of 4.596%.
Bank of America mortgage rates for the 30 year is 4.75% with 1.0 point and an APR of 4.868% and 4.125% with 1.25 points for a 4.368% APR on the 15 year term mortgage.
Citibank mortgage rate for the 30 year fixed is 5.00% with 0.25 points and an APR at 5.180% and 4.50% with no points and a 4.729% APR for the 15 year fixed rate mortgage.
Wells Fargo mortgage rate on a 30 year home loan is 4.50% and 1.0 point and an APR of 4.686% while the 15 year fixed rate mortgage from Wells Fargo is at 3.875% with 1.0 point and a 4.195% APR.
US Bank mortgage rate for a 30 year is 4.625% with no points and a 4.69% APR and 4.125 with no points for a 4.236% APR on the 15 year mortgage.
The bank mortgage lenders listed offer a number of different rate and point options as well as a variety of additional home loans including FHA loans, adjustable rate mortgages, jumbo loans and more.
Bank mortgage rates are current as of this publication date but subject to change. The bank mortgage lender rates listed as well as the points and APRs may vary depending on the credit, income, assets and property being purchased by the borrower. All mortgage loans are subject to bank approval and additional conditions will apply.
The mortgage rates, points and APRs in the Findlocalmortgagerates.com mortgage survey are for a home loan of between $200,000.00 and $275,000.00 on a single family owner occupied home with a minimum 20% down payment.
For more information on the above listed mortgage rates and loans, the bank mortgage lenders listed can be reached directly at the following numbers:
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