Mortgage Rates from the Top Five Bank Mortgage Lenders April 12, 2010
The 30 year fixed rate mortgage from the top US bank mortgage lenders managed to give back some of the rate increases that have occurred in the prior two weeks and moved lower for the week ending April 9, 2010. The average rate on the 30 year fixed rate mortgage from the top five mortgage lenders dropped by 10 basis points or 10/100 of a percent according to the most recent weekly mortgage rate survey performed by Findlocalmortgagerates.com.
The average mortgage rate from the top five mortgage lenders ended the week at 5.20% and 0.60 points. This is down from the previous week’s average mortgage rate of 5.30% and 0.65 points.
All five mortgage lenders reduced their rate on the 30 year fixed rate loan this week. The top mortgage lenders in this week’s survey include: Chase Bank, Bank of America, Citibank, Wells Fargo Bank and US Bank.
The top lenders are now offering the following mortgage rates, points and APRs 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:
Chase Bank is at 5.250% and 0.500 points with a 5.352% APR.
Bank of America is at 5.125% with 1.125 points and a 5.273% APR.
Citibank’s 30 year is 5.250% with 0.375 points and a 5.490% APR.
Wells Fargo 5.125% and 1.00 point for a 5.318% APR.
US Bank is at 5.250% and no points and a 5.317% APR.
Additional mortgage rates and point options are available from these lenders as well as additional loan terms and mortgage products.
The contact numbers for the listed bank mortgage lenders to obtain current mortgage rates and additional loan information:
Chase Bank 800-873-6577
Bank of America 800-551-7975
Citibank 800-667-8424
Wells Fargo 877-937-9357
US Bank 888-831-7524
Additional mortgage rates from top lenders surveyed include:
GMAC mortgage offers a 30 year fixed rate home loan at 5.125% and 0.645 points with a 5.219% APR.
HSBC Mortgage is at 5.625% and no points with a 5.77% APR.
Fifth Third Bank markets a 30 year fixed rate home loan at 5.250% and 0.50 points for a 5.385% APR.
These mortgage lenders can be reached at the following contact numbers:
GMAC mortgage 877-941-4622
HSBC Mortgage 800-975-4722
Fifth Third Bank 866-351-5353
All listed mortgage rates, points and APRs are subject to change. The listed mortgage rates are believed to be accurate and current as of the posted date. Mortgage loans and mortgage interest rates are not guaranteed. All mortgage loan rates and mortgage loan products require bank approval.