Bank Mortgage Lender Rates Off Slightly October 24, 2011
Anticipation over a solution the European debt crisis and slightly stronger economic news in the U.S. pushed mortgage interest rates significantly higher for the first two weeks of October. As reality set in and the optimism that both the European debt crisis would reach a resolution and U.S. growth would pick up steam was brushed aside, mortgage rates have retreated faintly.
Based on the most recent survey of bank mortgage rates performed by Findlocalmortgagerates.com, the average mortgage rate on 30 year fixed rate loans, 15 year fixed rate loans and FHA loans were marginally lower for the week ending October 21, 2011.
30 year fixed rate home loans dropped in rate by five basis points for the week or 5/100ths of a percent. The average rate on the 30 year mortgage in the weekly survey slipped to 4.275 percent from 4.325 percent in the week earlier.
15 year mortgage rates were cheaper by double that found in the 30 year term loan, a generally unusual rate change. 15 year mortgage rates were off by ten basis points which pushed the average 15 year mortgage rate down to 3.450 percent.
The average 30 year FHA mortgage rate gave up just 2.5 basis points for the week. The average FHA mortgage rate was cut back from 4.100 percent in last week’s mortgage rate survey to 4.075 percent for the current survey.
Mortgage rates offered by the top five bank mortgage lenders in the weekly survey includes the following 30 year mortgage interest rates, points charged and resulting APRs as of October 7, 2011:
A Chase Bank 30 year mortgage rate is 4.375% with 0.0 points and a 4.439% APR.
Wells Fargo 30 year mortgage rate is available at 4.125% with 1.0 point and an APR at 4.277%.
US Bank promotes the 30 year fixed rate mortgage at 4.375% and no points with an APR of 4.439%.
Citibank’s 30 year mortgage interest rate is 4.375% and 0.375 points for an APR of 4.471%.
Bank of America has the 30 year mortgage with an interest rate of 4.125% and 1.125 points resulting in a 4.2984% APR.
The mortgage interest rates, loan points and mortgage loan APRs in the Findlocalmortgagerates.com survey are retrieved directly from the bank mortgage lenders on or after October 21, 2011. All of the bank mortgage rates listed are subject to change at any time. All home loans are subject to the approval and underwriting standards established by each of the individual mortgage lenders.
The mortgage rates and mortgage costs in the survey are based on a mortgage loan request for a single family purchase based in California with a loan amount of $250,000.00 and a 20% down payment on or after October 21, 2011.
Additional mortgage interest rates and home loan products are available from the listed bank mortgage lenders including mortgage rates in Louisiana, mortgage loans and mortgage rates in California, mortgage loans and mortgage rates in Texas, mortgage loans and mortgage rates in Arizona and similar regional home loans and mortgage rates.
Bank Mortgage Lender Rates Rise October 10, 2011
This week in mortgage rates was uneventful up to the release of the jobs report on Friday. Monday, mortgage rates results followed a continuation of the lows hit at the end of the prior week then Tuesday came along and showed little change. Wednesday and Thursday the market started to show some jitters and mortgage backed bond prices started to decline slightly pushing mortgage rates higher. On Friday, mortgage rates turned decidedly higher.
The employment report released by the Labor Department on Friday indicated stronger than expected job creation. Unfortunately for home loan borrowers, a strong jobs market is an indication of a strong economy which often leads to higher borrowing costs and mortgage interest rates. Results of the labor report caused bond prices to move lower and interest rates to move higher as the week came to a close.
The increase in mortgage rates was evident in the interest rate increases for the 30 year fixed rate home loan, 15 year loan and FHA mortgage loan.
The 30 year fixed rate mortgage increased by 20 basis points this week, one basis point equals 1/100th of a percent. The average 30 year mortgage rate in the weekly survey from the top five bank mortgage lenders came in at 4.225 percent after closing the previous week at 4.025 percent.
The 15 year mortgage rate was higher by almost half as much with a ten basis point rise. The average 15 year mortgage rate went up to 3.500 percent from 3.400 percent in the early week’s mortgage rate survey.
FHA mortgage rates climbed above 4.00 percent for the week. The average 30 year term FHA home loan now costs 4.125 percent, a rise of 15 basis points from 3.975 percent in the prior week.
The current mortgage rates offered by the top five bank mortgage lenders in the survey includes the following 30 year mortgage interest rates, points charged and resulting APRs as of October 7, 2011:
US Bank offers a 30 year mortgage rate at 4.375% and no points with an APR of 4.439%.
Bank of America offers a 30 year mortgage rate at 4.125% and 1.125 points and an APR of 4.284%.
Chase jumped up a 30 year mortgage to 4.125% with 0.250 points and a 4.209% APR.
Wells Fargo increased the 30 year mortgage rate to 4.125% with 1.0 point and an APR at 4.277%.
A Citibank 30 year mortgage can be obtained with an interest rate of 4.375% and 0.50 points and a 4.481% APR.
The mortgage interest rates, loan points and mortgage loan APRs in the Findlocalmortgagerates.com survey are retrieved directly from the bank mortgage lenders on or after October 7, 2011. All of the bank mortgage rates listed are subject to change at any time. All home loans are subject to the approval and underwriting standards established by each of the individual mortgage lenders.
The mortgage rates and mortgage costs in the survey are based on a mortgage loan request for a single family purchase based in California with a loan amount of $250,000.00 and a 20% down payment on or after October 7, 2011.
Additional mortgage interest rates and home loan products are available from the listed bank mortgage lenders including mortgage rates in Kentucky, mortgage loans and mortgage rates in Oklahoma, mortgage loans and mortgage rates in Virginia, mortgage loans and mortgage rates in Missouri and similar regional home loans and mortgage rates.
Top Bank Mortgage Lender Rates Drop September 26, 2011
Bank mortgage rates came tumbling down this week thanks to a variety of economic factors. A flight to U.S Treasury securities and mortgage backed securities drove interest rates down as a result of a stagnant U.S. economy, the crisis over excessive debt in some European nations and the Federal Reserve Board decision to keep reinvesting maturing securities into new mortgage backed securities.
Of the three big factors pushing mortgage rates lower was the notice by the Fed that it remains committed to reinvest the income it receives from monthly payments and periodic pay offs on its current mortgage bond portfolio. This statement appeared to investors by surprise and the prices of mortgage bonds headed higher pushing mortgage rates down lower.
The downward movement in mortgage rates has pushed the average rate on the most popular loan products to new all time lows. The benchmark 30 year fixed rate mortgage jumped down by a whopping twenty basis points or 20/100ths of a percent. The average rate on a 30 year mortgage from the top five bank mortgage lenders ended the week at 4.050 percent.
15 year mortgage rates dropped by an equally staggering number, falling 15 basis points on the week. The average 15 year mortgage rate coming from the nations’ top five mortgage lenders closed at 3.250 percent.
20 year mortgage rates were relatively subdued compare to the more popular 15 year and 30 year term home loans. The average 20 year mortgage rate fell by 7.5 basis points to 3.925 percent.
FHA mortgage rates split the difference, losing ten basis points for the week. The average rate on a 30 year FHA mortgage dropped to 4.050 percent from 4.150 in the prior week.
The current mortgage rates offered by the top five bank mortgage lenders in the survey includes the following 30 year mortgage interest rates, points charged and resulting APRs as of September 23, 2011:
The Chase 30 year mortgage rate is at 3.875% with 0.375 points and a 3.968% APR.
Bank of America 30 year mortgage rates ended at 4.000% and 0.75 points and an APR of 4.143%.
Citibank has a 30 year mortgage rate at 4.250% and 0.25 points for an APR of 4.334%.
Wells Fargo 30 year mortgage rate is at 3.875% with 1.0 point and a 4.025% APR.
US Bank mortgage rate for a 30 year term is 4.250% and no points and an APR of 4.313%.
The mortgage interest rates, loan points and mortgage loan APRs in the Findlocalmortgagerates.com survey are retrieved directly from the bank mortgage lenders on or after September 23, 2011. All of the bank mortgage rates listed are subject to change at any time. All home loans are subject to the approval and underwriting standards established by each of the individual mortgage lenders.
The mortgage rates and mortgage costs in the survey are based on a mortgage loan request for a single family purchase based in California with a loan amount of $250,000.00 and a 20% down payment on or after September 23, 2011.
Additional mortgage interest rates and home loan products are available from the listed bank mortgage lenders including mortgage rates in Massachusetts, mortgage loans and mortgage rates in Missouri, mortgage loans and mortgage rates in South Carolina, mortgage loans and mortgage rates in Wisconsin and similar regional home loans and mortgage rates.
Top Bank Mortgage Lender Rates Drop Again September 12, 2011
And the survey says, bank mortgage rates improve again. Mortgage rates moved down across all but one mortgage product in the Findlocalmortgagerates.com weekly mortgage rate survey. 15 year mortgage rates were the one lone stand out, moving in the opposite direction with a slight rise in the average interest rates. The reduction in mortgage rates experienced over the past week prolongs an already long run of near all-time mortgage rate lows.
30 year mortgage rates dropped by ten basis points or 10/100ths of a percent this past week. The average rate on the 30 year fixed rate mortgage offered by the top ten five largest bank mortgage lenders ended the week at 4.150 percent after closing at 4.250 percent in the previous week.
15 year mortgage rates climbed just a tad higher. The average 15 year mortgage rate was up by seven basis points. The increase in seven bps put the average 15 year home loan rate at 3.400 percent.
The 20 year term mortgages displayed a drop of just three basis points however; this rate reduction has pushed the average 20 year mortgage rate below 4.00 percent. The average 20 year mortgage rate in this week’s survey came in at 3.965 percent.
FHA home loans displayed the greatest rate reduction in this week’s survey. The average rate on a 30 year FHA mortgage dropped by 12.5 basis points. The rate on these government insured loans fell from 4.125 percent last week to 4.00 percent this week.
The current mortgage rates offered by the top five bank mortgage lenders in the survey includes the following mortgage interest rates, points charged and resulting APRs as of September 9, 2011:
Chase 30 year mortgage rates were unchanged at 4.250% with 0.50 points and a 4.356% APR while the 15 year increased in cost to 3.500% with 0.375 points and a 3.664% APR.
Bank of America 30 year mortgage rates moved down to 4.000% and 1.0 point and an APR of 4.152%, the 15 year mortgage at B of A was unaltered at 3.250% and 1.25 points for a 3.587% APR.
Citibank cut their 30 year mortgage rate to 4.250% and 0.625 points for an APR of 4.366% APR but jacked up the 15 year mortgage rate to 3.625% with 0.375 points and a 3.789% APR.
Wells Fargo reduced the 30 year mortgage rate to 4.00% with 1.0 point and a 4.151% APR and held the 15 year mortgage rate at 3.250% with 1.0 point and a 3.514% APR.
US Bank mortgage rates were remained in place week over week, the 30 year mortgage rate held at 4.250% with no points and a 4.313% APR while the US Bank 15 year mortgage was stuck at 3.375% with zero points and an APR of 3.483%.
The mortgage interest rates, loan points and mortgage loan APRs in the Findlocalmortgagerates.com survey are retrieved directly from the bank mortgage lenders on or after September 9, 2011. All of the bank mortgage rates listed are subject to change at any time. All home loans are subject to the approval and underwriting standards established by each of the individual mortgage lenders.
The mortgage rates and mortgage costs in the survey are based on a mortgage loan request for a single family purchase based in California with a loan amount of $250,000.00 and a 20% down payment on or after September 9, 2011.
Additional mortgage interest rates and home loan products are available from the listed bank mortgage lenders including mortgage rates in Massachusetts, mortgage loans and mortgage rates in Missouri, mortgage loans and mortgage rates in South Carolina, mortgage loans and mortgage rates in Wisconsin and similar regional home loans and mortgage rates.
Top Five Bank Mortgage Lender Rates Dip for September 5, 2011
Mortgage rates moved marginally lower to start the month of September. The first week of the month always includes the monthly employment report where the results can have a significant impact on mortgage rates. This past week, the employment report was surprisingly downbeat but had little impact on mortgage rates.
The jobs report showed that no new jobs were created last month, a worse than expected result. A worse than anticipated jobs report spells trouble for a struggling economy which is generally good for interest rates and mortgage rates. This week, the data pushed rates lower by a just a hair.
Short term mortgage rates fared better than longer term mortgage rates. The average 30 year mortgage rates from the top five bank mortgage lenders dropped by just under three basis points or 3/100ths of a percent. The 30 year mortgage rate in this week’s survey came in at 4.250 percent after falling in the earlier week to 4.275 percent.
The average 15 year mortgage rate was lower by ten basis points. The rate drop put the average 15 year mortgage rates at 3.325 percent after dipping to 3.425 percent in the week earlier survey.
20 year mortgage rates were cheaper by five basis points. The average 20 year mortgage rate moved down to 4.000 percent this week.
FHA mortgage rates slipped by a little over seven basis points. The 30 year FHA home loan from the top five bank mortgage lenders in the survey came down to 4.125 percent after closing at 4.200 percent in the previous rate survey.
The current mortgage rates offered by the top five bank mortgage lenders in the survey includes the following mortgage interest rates, points charged and resulting APRs as of September 2, 2011:
Wells Fargo 30 year mortgage rate dipped 0.125% to 4.125% with 1.0 point and a 4.277% APR while the Wells Fargo 15 year mortgage rate remained stable at 3.250% with 1.0 point and a 3.514% APR.
The Chase 30 year mortgage rate ended the week a bit more costly with an interest rate of 4.250% with 0.50 points and a 4.356% APR and the Chase Mortgage 15 year was a little cheaper at 3.375% with zero points and a 3.484% APR.
Bank of America mortgage rates increased on the 30 year rising to 4.250% and 1.125 points with a 4.436% APR and moved sideways for the 15 year mortgage with a rate of 3.250% and 1.25 points for a 3.587%.
US Bank mortgage rates stayed constant on the 30 at 4.250% with no points and a 4.313% APR and fell slightly on the 15 year mortgage to 3.375% with zero points and an APR of 3.483%.
Citibank mortgage rates dropped for both loan terms, the Citibank 30 mortgage rate was 4.375% and no points with a 4.438% APR and the Citi 15 year mortgage rate was 3.375% with 0.375 points and an APR of 3.538%.
The mortgage interest rates, loan points and mortgage loan APRs in the Findlocalmortgagerates.com survey are retrieved directly from the bank mortgage lenders on or after September 2, 2011. The bank mortgage rates and terms are believed to be accurate and reliable when placed on this site, but we cannot guarantee their accuracy.
All of the bank mortgage rates listed are subject to change at any time. All home loans are subject to the approval and underwriting standards established by each of the individual mortgage lenders.
The mortgage rates and mortgage costs in the survey are based on a mortgage loan request for a single family purchase based in California with a loan amount of $250,000.00 and a 20% down payment on or after September 2, 2011.
Additional mortgage interest rates and home loan products are available from the listed bank mortgage lenders including mortgage rates in Texas, mortgage loans and mortgage rates in Michigan, mortgage loans and mortgage rates in North Carolina, mortgage loans and mortgage rates in Washington and similar regional home loans and mortgage rates.
Top Five Bank Mortgage Lender Rates August 29, 2011
Mortgage rates from the top five bank mortgage lenders started the week traveling higher but made a rather significant about face and turned lower on Friday. By the time the week came to a close, the mortgage rate for 30 year term loan, 15 year loan and 20 year mortgage loan moved lower. Only the 30 year FHA mortgage refused to go down and closed out the week marginally higher than the previous week.
During this past week the mortgage market was unusually volatile with rate movements bouncing up and down making pricing by the bank mortgage lenders to consumers more difficult than normal. Under these circumstances consumers would be wise to comparison shop with at least three bank mortgage lenders in a short period of time before settling on the best mortgage lender with the right combination of low mortgage rates, low costs and good service that best suits their needs.
As mortgage rates may move quickly, don’t rely on just the advertised mortgage rates or even those posted online. Call each mortgage lender with your specific loan scenario including the estimated loan amount, down payment and credit history to get the most current and accurate mortgage rates and terms.
Results from the weekly mortgage rate survey conducted by Findlocalmortgagerates.com indicated the average rate form the top five bank mortgage lenders for a 30 year mortgage dropped by slightly more than 12 basis points or 12/100ths of a percent. The average 30 year mortgage rate from bank lenders in the survey moved down to 4.275 percent from 4.400 percent in the previous week.
The average 15 year mortgage rate moved lower by the same amount, 12 basis points, which drove the average 15 year mortgage rate to 3.425 percent from 3.550 percent in the prior week’s survey.
The average 20 year mortgage rate was down by ten basis points. The average 20 year mortgage rate in this week’s bank mortgage rate survey came in at 4.050 percent. Last week’s average 20 year rate by comparison was 4.150 percent.
FHA mortgage rates this week moved in the opposite direction and ended the week on an up note. The average 30 year FHA mortgage rate came in at 4.200 percent or 2.5 basis points than last week’s rate of 4.175 percent.
The current mortgage rates offered by the top five bank mortgage lenders in the survey includes the following mortgage interest rates, points charged and resulting APRs as of August 26, 2011:
Wells Fargo 30 year mortgage rate this week was 4.250% with 1.0 point and a 4.403% APR and the 15 year mortgage rate ended the week at 3.250% with 1.0 point and a 3.514% APR.
Bank of America mortgage rates this week held at 4.250% with 1.0 point with a 4.419% APR and the 15 year mortgage rate held at 3.375% and 0.75 points for an APR of 3.629%.
Chase mortgage rates slipped significantly with a 30 year mortgage rate coming in at 4.250% with 0.375 points and an APR of 4.419% and the 15 year mortgage rate from Chase dipped to 3.375% with 0.25 points and an APR of 3.520%.
US Bank mortgage rate were also lower on the long term loan with the US Bank 30 year mortgage rate falling to 4.250% with no points and a 4.313% APR and the 15 year mortgage rate holding at 3.500% with zero points and an APR of 3.609%.
Rounding out the top five banks, Citibank mortgage rates for a 30 year hit 4.375% and 0.375 points with a 4.471% APR and a 15 year mortgage rate at 3.625% with 0.125 points and an APR of 3.752%.
The mortgage interest rates, loan points and mortgage loan APRs in the Findlocalmortgagerates.com survey are retrieved directly from the bank mortgage lenders on or after August 26, 2011. The bank mortgage rates and terms are believed to be accurate and reliable when placed on this site, but we cannot guarantee their accuracy.
All of the bank mortgage rates listed are subject to change by the bank mortgage lenders, all home loans are subject to the approval and underwriting standards established by each of the mortgage lenders.
The mortgage rates and mortgage costs in the survey are based on a mortgage loan request for a single family purchase based in California with a loan amount of $250,000.00 and a 20% down payment on or after August 26, 2011.
Additional mortgage interest rates and home loan products are available from the listed bank mortgage lenders including mortgage rates in Texas, mortgage loans and mortgage rates in Michigan, mortgage loans and mortgage rates in North Carolina, mortgage loans and mortgage rates in Washington and similar regional home loans and mortgage rates.
Bank Mortgage Lender Rates August 22, 2011
Mortgage rates form the nation’s top five bank mortgage lenders nudged higher for the week ending August 19, 2011. Investors continued to increase their purchases of U.S. Treasury bonds as government debt problems have not yet abated and quite frankly, do not look like there will be a lastly resolution anytime soon. The fluctuations in mortgage rates this week were very modest. Rate changes from the 30 year fixed rate mortgage to FHA mortgages moved by less than five basis points or 5/100’s of a percent from the prior week.
This week’s change in mortgage bond prices shifted the average 30 year mortgage rate up five basis points. The weekly mortgage rate survey conducted by Findlocalmortgagerates.com indicated that the average rate from the top five bank mortgage lenders climbed to 4.400 percent 4.350 percent in the week earlier.
The average rate on the 15 year fixed rate mortgage also climbed higher by five basis points. The 15 year mortgage rate ended the week at3.550 percent, up from last week’s average rate of 3.500 percent.
20 year mortgage rate changes made it a triple play, as the rate on these home loans also rose by five basis points. The average rate for 20 year mortgage came in at 4.150 percent; the previous week’s average rate was 4.100 percent.
FHA mortgages with a 30 year term remained unaltered, holding to the same rate seen in the prior week. The average 30 FHA mortgage rate remained at 4.175 percent.
The current mortgage rates offered by the top five bank mortgage lenders in the survey includes the following mortgage interest rates, points charged and resulting APRs as of August 19, 2011:
Chase mortgage rates increased rather substantially this week, relative to the movement in the average rates. The Chase 30 year mortgage rate ended the week at 4.875% with 0.0 points and an APR of 4.940% and the Chase 15 year mortgage rate was 4.250% with 0.0 points and an APR of 4.361%.
Bank of America mortgage rates were little changed with the 30 year holding at 4.250% with 0.875 points and a 4.402% APR and the 15 year rate sticking at 3.375% and 0.875 points for an APR of 3.639%.
Citibank mortgage rates slipped lower for the week with a 30 year now at 4.375% and 0.0 points for an APR of 4.438% and the 15 year mortgage rate at 3.500% with 0.375 points and a 3.663% APR.
Wells Fargo mortgage rates also shifted lower with a Wells Mortgage 30 year loan rate at 4.125% with 1.0 point and a 4.277% APR and the 15 year mortgage rate at 3.125% with 1.0 point and a 3.388% APR.
US Bank mortgage rate followed those rate reductions with rate increases of .125% on both the 30 year and 15 year home loan. The 30 year from US Bank is now available at 4.375% with no points and a 4.439% APR while the 15 year mortgage rate closed the week at 3.500% with zero points and an APR of 3.609%.
The mortgage interest rates, loan points and mortgage loan APRs in the Findlocalmortgagerates.com survey are retrieved directly from the bank mortgage lenders on or after August 19th, 2011. The bank mortgage rates and terms are believed to be accurate and reliable when placed on this site, but we cannot guarantee their accuracy.
All of the bank mortgage rates listed are subject to change by the bank mortgage lenders, all home loans are subject to the approval and underwriting standards established by each of the mortgage lenders.
The mortgage rates and mortgage costs in the survey are based on a mortgage loan request for a single family purchase based in California with a loan amount of $250,000.00 and a 20% down payment on or after August 19th, 2011.
Additional mortgage interest rates and home loan products are available from the listed bank mortgage lenders including mortgage rates in Maryland, mortgage loans and mortgage rates in Missouri, mortgage loans and mortgage rates in New Jersey, mortgage loans and mortgage rates in Oregon and similar regional home loans and mortgage rates.
Bank Mortgage Rates August 15, 2011
Bank mortgage rates fall again. On August 9th the Federal Reserve made an announcement that they would be holding interest rates low until mid 2013. Never before has the Federal Reserve given a date on how long that would maintain a low interest rate environment and keep an accommodating monetary policy.
After the Federal Reserve released the statement Tuesday afternoon, clearly stating that policy would remain extremely loose until mid-2013, the capital market’s reaction was a quick flight to safety. The response in the bond markets led to a push in interest rates significantly to the downside with mortgage rates falling markedly.
The surge in bond prices pushed the 30 year mortgage rate in the Findlocalmortgagerates.com weekly mortgage rate survey down by ten basis points or 10/100’s of a percent. The average rate for a 30 year fixed rate mortgage ended the week at 4.35 percent after starting the week at 4.45 percent.
The shorter term bank mortgage rates fell more than the longer term, 30 year term loans. The average rate for the 15 year fixed rate mortgage was lower by 12 basis points leaving the average rate at 3.500 percent.
20 year mortgage rates matched the rate reduction of the 30 year and fell by ten basis points. The average 20 year mortgage rate concluded the week at 4.100 percent.
FHA mortgage rates followed suit and gave up ten basis points. The average 30 FHA mortgage rate from the top bank mortgage lenders landed at 4.175 percent.
The current mortgage rates offered by the top five bank mortgage lenders in the survey includes the following mortgage interest rates, points charged and resulting APRs as of August 12, 2011:
Citibank mortgage rates dropped considerably leaving the 30 year mortgage from Citi at 4.375% with 0.375 points for an APR of 4.471% and the 15 year mortgage from the bank at 3.625% with 0.25 points for a 3.771% APR.
US Bank mortgage rate reductions were not quite as significant with the 30 year at 4.250% with no points and an APR of 4.313% and the 15 year mortgage rate at 3.375% with zero points and an APR of 3.483%.
Wells Fargo mortgage rates dipped more on the 30 year than the 15 year with a 30 year loan now at 4.250% with 1.0 point and a 4.403% APR and a 15 year loan from Wells at 3.250% with 1.0 point and an APR of 3.514%.
Bank of America mortgage rates were cut by .125% for both fixed rate loan products. The 30 year mortgage rate moved down to 4.250% but with 0.875 points and a 4.394% APR and the 15 year rate slid to 3.375% and 1.125 points for an APR of 3.666%.
Chase 30 year mortgage rates bucked the trend of the other four bank mortgage lenders and increased this past week. The Chase 30 year mortgage rate came in at 4.625% with 0.250 points and a 4.711% APR and the Chase 15 year mortgage rate was 3.875% with zero points and a 3.985% APR.
The mortgage interest rates, loan points and mortgage loan APRs in the survey are retrieved directly from the bank mortgage lenders on or after August 12th, 2011. The bank mortgage rates and terms are believed to be accurate and reliable when placed on this site, but we cannot guarantee their accuracy.
All of the bank mortgage rates listed are subject to change by the bank mortgage lenders, all home loans are subject to the approval and underwriting standards established by each of the mortgage lenders.
The mortgage rates and mortgage costs in the survey are based on a mortgage loan request for a single family purchase based in California with a loan amount of $250,000.00 and a 20% down payment on or after August 12th, 2011.
Additional mortgage interest rates and home loan products are available from the listed bank mortgage lenders including mortgage rates in Wisconsin, mortgage loans and mortgage rates in Illinois, mortgage loans and mortgage rates in North Carolina, mortgage loans and mortgage rates in Texas and similar regional home loans and mortgage rates.
Top Mortgage Lender Rates August 8, 2011
Mortgage rates continued to glide lower this past week. Persistent troubles with European debt and the stagnant U.S. economy has brought about a flight to the safety of U.S. government securities which has pushed interest rates down on Treasury bonds and mortgage bonds.
Mortgage securities from Freddie Mac and Fannie Mae experienced an increase in price and subsequent decrease in interest rates which has led to lower mortgage rates for consumers. Once again, all mortgage products measured in the weekly mortgage rate survey performed by Findlocalmortgagerates.com experienced a decrease in rate.
The rate on 30 year fixed rate mortgages was brought down by five basis points or 5/100ths of a percent this week, causing the average the average 30 year mortgage rate to end the week at 4.45 percent.
15 year fixed rate mortgages shed just 2.5 basis points by week’s end, putting the average rate at 3.625 percent.
20 year mortgage rates were also lower by 2.5 basis points. The average 20 year mortgage arte from the nation’s top five bank mortgage lenders came in at 4.20 percent.
30 year term FHA mortgage rates followed the conventional 30 year term home loan and dropped by five basis points. The average 30 FHA mortgage rate closed the week at 4.275 percent.
The current mortgage rates offered by the top five bank mortgage lenders in the survey includes the following mortgage interest rates, points charged and resulting APRs as of August 5, 2011:
Wells Fargo mortgage rates were lower by .125% on both the 30 year loan and 15 year loan from the bank. The 30 year rate at Wells Fargo came in at 4.375% with 1.0 point and a 4.529% APR and the year mortgage rate moved down to 3.50% with 1.0 point and an APR of 3.765%.
Bank of America mortgage rates remained unaltered however the origination points were decreased for both the 30 year and 15 year. The B of A 30 year mortgage rate held at 4.375% but with 0.75 points and a 4.501% APR and the Bank of America 15 year rate was 3.500% and 1.0 point for an APR of 3.760%.
Chase 30 year mortgage rates stayed put at 4.500% with 0.375 points and a 4.596% APR while the Chase 15 year mortgage rate increased slightly to 3.625% with 0.375 points and a 3.790% APR.
US Bank chopped .125% off of the 30 year mortgage rates leaving it at 4.375% with no points and an APR of 4.439% and US Bank did the same to the 15 year mortgage rate putting it at 3.625% with zero points and an APR of 3.734%.
Citibank mortgage rates were unchanged on the rates and points charged with a 30 year mortgage from Citibank at 4.625% with 0.375 points for an APR of 4.722% and a 15 year mortgage at 3.875% with zero points for a 3.985% APR.
The mortgage interest rates, loan points and mortgage loan APRs in the survey are retrieved directly from the bank mortgage lenders on August 5th, 2011. The bank mortgage rates and terms are believed to be accurate and reliable when placed on this site, but we cannot guarantee their accuracy.
All of the bank mortgage rates listed are subject to change by the bank mortgage lenders, all home loans are subject to the approval and underwriting standards established by each of the mortgage lenders.
The mortgage rates and mortgage costs in the survey are based on a mortgage loan request for a single family purchase based in California with a loan amount of $250,000.00 and a 20% down payment on or after August 5th, 2011.
Additional mortgage interest rates and home loan products are available from the listed bank mortgage lenders including mortgage rates in New Mexico, mortgage loans and mortgage rates in Pennsylvania, mortgage loans and mortgage rates in South Carolina, mortgage loans and mortgage rates in Connecticut and similar regional home loans and mortgage rates.
Top Mortgage Lender Rates August 1, 2011
Mortgage rates tumbled to close out the month of July. For the week ending July 29, 2011 mortgage rates drifted measurably lower across all loan terms from the short term, 10 year mortgage rates, up to the more popular 30 year mortgage rates.
Mortgage rates have been driven by changes in Treasury rates. As a result of the increasingly negative outlook on the growth of the U.S economy and troubles with government debt in Europe, interest rates in the U.S. have moved markedly lower.
Even with the looming debt crisis in U.S debt, the rest of the world has bigger problems, making U.S Treasury securities desirable products. As a result of world economic troubles, investors have bid up the price of Treasuries pushing the interest rates lower impacting mortgage rates which also moved lower.
The average 30 year fixed rate mortgage at the nation’s top five bank mortgage lenders moved lower by over 12 basis points or 12/100’s of a percent. The average 30 year mortgage rate ended the week at 4.500 percent.
The average 15 year fixed rate loan at the top five banks was lower buy an identical amount, 12 basis points. The 15 year mortgage rate closed out Friday at an average rate of 3.650 percent.
20 year mortgage rates in the weekly survey dipped by 10 basis points. The average 20 year fixed rate mortgage now stands at 4.225 percent.
The FHA mortgage rates took the biggest dip by week’s end. The average 30 year FHA home loan was down by 15 basis points which left the average FHA mortgage rate at 4.325 percent.
The current mortgage rates offered by the top five bank mortgage lenders in the survey includes the following mortgage interest rates, points charged and resulting APRs as of July 29, 2011:
Wells Fargo 30 mortgage rate dropped to 4.500% with 1.0 point and a 4.722% APR and the Wells Fargo 15 year mortgage rate moved down to 3.625% % with 1.0 point and an APR of 3.891%.
Chase mortgage rates on a 30 year slipped to 4.500% with 0.375 points and a 4.596% APR and the Chase 15 year mortgage rate closed out at 3.500% with 0.250 points and a 3.646% APR.
US Bank mortgage rates followed the big boys with a US Bank 30 year mortgage rate now at 4.500% with no points and an APR of 4.564% and a 15 year mortgage rate at 3.750% with zero points and an APR of 3.860%.
Citibank reduced the 30 year mortgage to 4.625% with 0.375 points for an APR of 4.722% and dropped the 15 year mortgage rate to 3.875% with zero points for a 3.985% APR.
Bank of America 30 year mortgage rates were decreased to 4.375% with 1.125 points and a 4.559% APR and the Bank of America 15 year rate was decreased to 3.500% and 1.125 points and an APR of 3.816%.
The mortgage interest rates, loan points and mortgage loan APRs in the survey are retrieved directly from the bank mortgage lenders on July 29, 2011. The bank mortgage rates and terms are believed to be accurate and reliable when placed on this site, but we cannot guarantee their accuracy.
All of the bank mortgage rates listed are subject to change by the bank mortgage lenders, all home loans are subject to the approval and underwriting standards established by each of the mortgage lenders.
The mortgage rates and mortgage costs in the survey are based on a mortgage loan request for a single family purchase based in California with a loan amount of $250,000.00 and a 20% down payment on or after July 29, 2011.
Additional mortgage interest rates and home loan products are available from the listed bank mortgage lenders including mortgage rates in Minnesota, mortgage loans and mortgage rates in New Jersey, mortgage loans and mortgage rates in South Dakota, mortgage loans and mortgage rates in Rhode Island and similar regional home loans and mortgage rates.
Top Bank Mortgage Rates July 25, 2011
While poor economic news and the long running predicament over too much government debt has kept investor funds in bonds and bond funds keeping interest rates at historically low levels, this past week mortgage rates reversed direction and headed slightly higher. Even after a modest increase in rates overall, mortgage rates are still close to their low levels of the year.
Mortgage rates from the top five bank mortgage lenders in the U.S. increased for all loan terms measured in the Findlocalmortgagerates.com survey, however the rate increases were quite mild with the exception of the 30 year FHA mortgage loans.
The average mortgage rate for a 30 year home loan was up by just over two basis points or 2/100′s of a percent. The 30 year mortgage rate closed this Friday at 4.625 percent. The shorter term, 15 year mortgage rate, increased slightly more than the 30 year. The average 15 year mortgage rate was up by over seven basis points, week over week, to 3.775 percent.
Midterm, 20 year mortgages, increased at about the average amount of the 15 year and 30 year mortgage or about five basis points. By week’s end, the 20 year mortgage rate had increased to 4.325 percent from 4.275 percent in the previous week.
FHA mortgage rates were the hardest hit mortgage product for the week. The average 30 year FHA mortgage rates increased by 10 basis points to a rate of 4.475 percent.
The current mortgage rates offered by the top five bank mortgage lenders in the survey includes the following mortgage interest rates, points charged and resulting APRs as of July 22, 2011:
Bank of America mortgage rates on a 30 year term loan bumped up to 4.500% with 0.875 points and a 4.656% APR and the 15 year increased to 3.625% and 1.0 point and an APR of 3.912%.
Citibank held the rate on their 30 year mortgage steady but increased the points charged to make the 30 year at Citibank now at 4.750% with 0.625 points for an APR of 4.870% and increased the rate on a 15 year mortgage to 4.000% with 0.125 points for a 4.129% APR.
Chase mortgage rates were also unchanged for the 30 year loan as well as the 15 year but there was an increase in the amount of points charged just slightly leaving the 30 year mortgage at 4.625% with 0.500 points and a 4.733% APR and a 15 year mortgage rate at 3.625% with 0.250 points and a 3.771% APR.
Wells Fargo held their 30 year even and increased the rate on a 15 year mortgage. The Wells Fargo 30 year is 4.625% with 1.0 point and a 4.782% APR while the 15 year mortgage rate at Wells Fargo is now 3.750% % with 1.0 point and an APR of 4.017%.
US Bank kept their 30 year mortgage rate unchanged at 4.625% with no points and an APR of 4.690% 15 year mortgage rate at 3.875% with no points and an APR of 3.985%.
All of the bank mortgage rates listed are subject to change by the mortgage lenders, all home loans are subject to the approval and underwriting standards established by each of the bank mortgage lenders.
The mortgage interest rates, loan points and loan APRs included in the Findlocalmortgagerates.com mortgage rate survey are retrieved directly from the bank mortgage lenders in the survey on July 22, 2011. The bank mortgage rates and terms are believed to be accurate and reliable when placed on this site, but we cannot guarantee their accuracy.
The mortgage rates and mortgage costs in the survey are based on a mortgage loan request for a single family purchase based in California with a loan amount of $250,000.00 and a 20% down payment on or after July 22, 2011.
Additional mortgage interest rates and home loan products are available from the listed bank mortgage lenders including mortgage rates in Nevada, mortgage loans and mortgage rates in New Mexico, mortgage loans and mortgage rates in South Carolina, mortgage loans and mortgage rates in Maine and similar regional home loans and mortgage rates.
Top 5 Bank Mortgage Rates July 18, 2011
Another week of government debt worries, foreign and domestic, and another week of lower mortgage rates. The increasing anxiety over the U.S. budget deficit and debt ceiling combined with the horrendous problems regarding too much debt in Europe has pushed interest rates lower.
Interest rates move lower in reaction to a rise in bond prices. Market uneasiness often leads investors to leave the confines of high risk assets such as stocks and commodities for lower risk assets. Triple A rated bonds, Treasury securities and related government debt instruments generally fit the bill. As money flows in, prices go up and rates come down.
Sure enough, this week we saw interest rates move lower, including mortgage rates, while stocks and commodities dropped in price.
Mortgage rates in the Findlocalmortgagerates.com from the top five bank mortgage lenders in the U.S. dropped for all mortgage products. The 30 year fixed rate mortgage, 15 year fixed rate mortgage, 20 year mortgage and 30 year FHA mortgage moved lower on the week.
The 30 year mortgage rate was down by 7.5 basis points, one basis point is equal to 1/100th of a percent, to end the week at 4.600 percent. The 15 year mortgage rate was also off by 7.5 basis points with an average rate of 3.700 percent. The average 20 year mortgage rate gave up 10 basis points to close the week at 4.275 percent. The 30 year term FHA mortgage was also lower by 10 basis points pushing the FHA rate to 4.375 percent.
The current mortgage rates offered by the top five bank mortgage lenders in the survey includes the following mortgage interest rates, points charged and resulting APRs as of July 15, 2011:
Chase mortgage rates turned lower this week on the 30 year term home loan and 15 year loan with a 30 year from Chase now at 4.625% and 0.375 points and an APR of 4.722% and a 15 year mortgage rate from the nation’s largest bank at 3.625% with 0.125 points and an APR of 3.753%.
Bank of America mortgage also chopped their rates for both popular loan terms leaving a 30 year mortgage rate at 4.375% with 1.125 points and a 4.544% APR and a 15 year mortgage rate at 3.500% and 1.125 points for an APR of 3.794%.
Wells Fargo brought their 15 year rate lower to 3.625% % with 1.0 point and a 3.891% APR but left their 30 year mortgage unchanged at 4.625% with 1.0 point and a 4.782% APR.
Citibank trimmed the costs on their 30 year mortgage to 4.750% with 0.250 points for an APR of 4.837% APR and cut the costs of the 15 year to 3.875% with 0.125 points for a 4.003% APR.
The fifth largest bank mortgage lender, US Bank, cut their 30 year mortgage rate to 4.625% with no points and an APR of 4.690% and held their 15 year mortgage rate at 3.875% with no points and an APR of 3.985%.
All of the bank mortgage rates listed are subject to change by the mortgage lenders, all home loans are subject to the approval and underwriting standards established by each of the bank mortgage lenders.
The mortgage interest rates, loan points and loan APRs included in the Findlocalmortgagerates.com mortgage rate survey are retrieved directly from the bank mortgage lenders in the survey on July 15, 2011. The bank mortgage rates and terms are believed to be accurate and reliable when placed on this site, but we cannot guarantee their accuracy.
The mortgage rates and mortgage costs in the survey are based on a mortgage loan request for a single family purchase based in California with a loan amount of $250,000.00 and a 20% down payment on or after July 15, 2011.
Additional mortgage interest rates and home loan products are available from the listed bank mortgage lenders including mortgage rates in Idaho, mortgage loans and mortgage rates in Oklahoma, mortgage loans and mortgage rates in Oregon, mortgage loans and mortgage rates in Massachusetts and similar regional home loans and mortgage rates.
The Top Mortgage Lenders Rates July 11, 2011
Mortgage rates from the top five bank mortgage lenders were pushed noticeably lower over the past week after increasing radically in the week earlier. Positive economic news pushed mortgage interest rates higher when June came to close and negative economic news was the primary catalyst for this week’s rate reversal. Unfortunately, the drop in rates compiled from the most recent week of mortgage rate data did not entirely offset the upsurge in mortgage rates experienced in the previous week.
For the week ending July 8, 2011 the average rate on a 30 year mortgage from the top five bank mortgage lenders was 4.675 percent. The current 30 year mortgage rate is a reduction of almost ten basis points or 10/100ths of a percent from the previous week’s average 30 year mortgage rate of 4.772 percent.
The average rate from the top mortgage lenders for a 15 year mortgage dipped by half the amount of the 30 year or just five basis points which pushed the 15 year mortgage rate to 3.775 percent.
The 20 year term mortgage rates this week saw the biggest fall of all the mortgage products in the survey. The average rate on the 20 year mortgage was down by 15 basis points this week to 4.375 percent.
30 year FHA mortgage rates matched the rate drop of the 15 year term home loans and moved lower by five basis points. The average FHA mortgage rate form the top five bank mortgage lender closed the week at 4.475 percent.
The current mortgage rate survey includes the rates, points and APRs from Chase Mortgage, Wells Mortgage, US Bank, Citibank and Bank of America. As of July 8th, 2011 these mortgage lenders were displaying the following 30 year and 15 year mortgage rates and costs:
Wells Fargo mortgage rates dropped to 4.625% with 1.0 point and a 4.782% APR for a 30 year term loan but was unchanged on the 15 year mortgage rate at 3.750% % with 1.0 point and a 4.017% APR.
Bank of America mortgage rates were lower on the 30 year and 15 year term loans with the 30 year mortgage from Bank of America now at 4.500% with 1.25 points and a 4.674% APR and the 15 year mortgage rate at 3.625% and 1.375 points for a 3.947% APR.
Chase mortgage rates were unchanged on a 30 year loan at 4.750% and 0.375 points with a 4.848% APR for a 30 year mortgage and dipped slightly for a 15 year to 3.750% with 0.25 points and a 3.897% APR.
The Citibank 30 year mortgage and Citibank 15 year mortgage rates were lower leading to a 30 year at 4.750% with 0.50 points and a 4.859% APR and a 15 year at 3.875% with 0.375 points and an APR at 4.040%.
US Bank’s mortgage rates remained in place from the previous week. A US Bank 30 year mortgage rate is 4.750% with no points and an APR of 4.815% and the US Bank 15 year mortgage rate is 3.875% with no points and an APR of 3.985%.
All bank mortgage interest rates and costs are subject to change by the mortgage lenders in the survey and all home loans are subject to the approval and underwriting standards established by each bank.
The mortgage interest rates, loan points and loan APRs included in the mortgage rate survey are retrieved directly from the bank mortgage lenders in the survey on July 8th, 2011. The bank mortgage rates listed and are believed to be accurate and reliable when placed on this site, but we cannot guarantee their accuracy.
The mortgage rates and mortgage costs in the survey are based on a mortgage loan request for a single family purchase based in California with a loan amount of $250,000.00 and a 20% down payment on or after July 8th, 2011.
Additional mortgage interest rates and home loan products are available from the listed bank mortgage lenders listed including mortgage rates in Iowa, mortgage loans and mortgage rates in Texas, mortgage loans and mortgage rates in Colorado, mortgage loans and mortgage rates in New York and similar regional home loans and mortgage rates.