Bank Mortgage Rates January 31st, 2011
Mortgage rates from the top five bank mortgage lenders ended with mixed results on the week. Average mortgage rates moved higher for the 30 year term home loan and lower for the 15 year loan.
The average mortgage rate from the top five bank mortgage lenders for a 30 year fixed rate mortgage closed the week at 4.89 percent, an increase of two basis points or 2/100’s of a percent from the prior week.
The average 15 year mortgage rate ended at 4.15 percent which was reduction of two basis points from the previous week’s average 15 year rate of 4.175 percent.
The average points charged to obtain these rates were lower on the 30 year and unchanged for the 15 year. The average points on the 30 year mortgage dropped to 0.475 points from 0.525 points in the earlier week. The average points charged on the 15 year mortgage held steady with an average of 0.55 points
Bank mortgage rates from the top five bank mortgage lenders in this week’s survey included the following 15 year and 30 year mortgage interest rates, points charged and mortgage loan APR’s:
Wells Mortgage rates were unmoved for a 30 year term and slightly lower on the 15 year term. The Wells Mortgage rate for the 30 year held at 4.875% with 1.0 point and a 5.034% APR and the 15 year mortgage dipped to 4.125% with 1.0 point and a 4.395% APR.
Bank of America mortgage rates increased on the 30 year and fell for the 15 year. The B of A 30 year rate was 4.750% and 1.125 points for a 4.916% APR and the 15 year rate at that bank was 3.875% with 1.0 point for a 4.138% APR.
Chase Mortgage rates followed the Bank of America theme with a higher rate on the 30 year term and a lower rate for the 15 year. The Chase 30 year mortgage rate came in at 4.875% and 0.25 points for an APR of 4.953% while the 15 year mortgage rate was 4.125% with 0.625 points for an APR of 4.313%.
US Bank mortgage rates ended higher for both term loans with the US Bank 30 year mortgage rate at 4.95% and zero points and a 5.016% APR and the US Bank 15 year mortgage rate was 4.375% with zero points and a 4.487% APR.
Citibank mortgage rates ended lower for the 30 and 15 year loan on the week. The Citibank 30 year mortgage rate was 5.00% with 0.0 points for an APR of 5.066% and the Citibank 15 year rate was 4.250% with 0.125 points for an APR of 4.379%.
The mortgage interest rates, points and APRs listed are current as of the survey date on January 28, 2011. All mortgage interest rates, points and APRs are subject to change and all home loans require bank approval.
The mortgage interest rates, points and APRs included in the survey are retrieved directly from the bank mortgage lenders based on a California single family purchase with a loan amount of $250,000.00 and a 20% down payment. The bank mortgage rates listed and are believed to be accurate and reliable when placed on this site, but we cannot guarantee their accuracy.
Additional mortgage rates and point options are available from the lenders in the survey including mortgage rates in other states and regions from mortgage rates in California to mortgage rates in Illinois and mortgage rates in Florida.
30 Year and 15 Year Mortgage Rates January 24th, 2011
Mortgage rates ended a multi week trend of lower rates and ticked up moderately for the week ending January 21, 2011. Both the 30 year fixed rate home loan and 15 year home loan from the top bank mortgage lenders ended the week higher.
The average mortgage rate for a 30 year term loan increased by seven basis points or 7/100’s of a percent. The average 30 year rate closed the week at 4.875 percent.
The average rate on the 15 year mortgage also increased by seven basis points for the week. The average 15 year mortgage rates from the top bank mortgage lenders ended at 4.175 percent.
The average points charged by the mortgage lenders in the survey were little changed week over week. The average points on the 30 year mortgage moved down slightly while the average points charged on the 15 year mortgage moved up slightly.
The average points on the 30 year rate dipped to 0.525 points from 0.55 points in the previous week. The average points charged on the 15 year mortgage moved up to 0.55 points from 0.50 points in the preceding week.
The current bank mortgage rates from the top five bank mortgage lenders in the Findlocalmortgagerates.com weekly survey for the week ending January 21, 2010 included the following 15 year and 30 year mortgage interest rates, points and loan APR’s:
Chase Mortgage rates were unchanged for the week while the points charged moved up modestly. The Chase 30 year mortgage rate held at 4.875% while the points moved up to 0.50 points for an APR of 4.975%. The 15 year mortgage rate stayed at 4.25% with points rising to 0.375 points for an APR of 4.401%.
Bank of America mortgage rates increased to 4.750% and 1.0 point with an APR of 4.896% on the 30 year and 3.875% with 1.125 point for an APR of 4.143% for the 15 year term loan.
US Bank mortgage rates were higher on the 30 year and unchanged for the 15 year. The US Bank 30 year mortgage rate ended the week at 4.875% and zero points for a 4.941% APR and the 15 year mortgage rate closed at 4.25% with zero points and a 4.361% APR.
Wells Mortgage rates were higher for both the 30 year and 15 year. The Wells Mortgage 30 year rate ended at 4.875% with 1.0 point and a 5.034% APR and the 15 year mortgage ended at 4.250% with 1.0 point and a 4.521% APR.
The Citibank 30 year mortgage rate was 5.00% with 0.125 points and a 5.077% APR and a 15 year rate was 4.250% with 0.25 points for an APR of 4.398%.
The mortgage interest rates, points and APRs included in the survey are retrieved directly from the bank mortgage lenders based on a California single family purchase with a loan amount of $250,000.00 and a 20% down payment. The bank mortgage rates listed and are believed to be accurate and reliable when placed on this site, but we cannot guarantee their accuracy.
Additional mortgage rates and point options are available from the lenders in the survey including mortgage rates in other states and regions from mortgage rates in California to mortgage rates in Illinois and mortgage rates in Florida. Call the listed lenders to find the best mortgage rates in your state.
The mortgage interest rates, points and APRs listed are current as of the mortgage rate survey date: January 21, 2011. All mortgage interest rates and costs are subject to change and all home loans will require bank approval.
Mortgage Rates in NY at Chemung Canal Bank
Chemung Canal Trust Company is a 175 year old financial institution headquartered in Elmira, New York. The bank operates 23 branch offices in 7 counties situated in the Southern Tier of New York and the Northern Tier of Pennsylvania.
Chemung Canal Trust Company is committed to the community banking philosophy and mission which means the bank builds long-term relationships with its clients and help to plays an important role in the communities they serve. As a community oriented bank, Chemung Canal makes lending decisions locally.
For consumers served in the region of Chemung Canal, the bank’s mortgage department offers a wide array of mortgage loans with competitive mortgage rates. Chemung Canal mortgage serves first time home buyer, existing homeowners looking to refinance their existing home loan, consumers who may be home build new or second home and more.
The bank’s website provides a great deal of information about Chemung Canal Trust Company including mortgage products and services as well as branch locations and hours of operations.
With Chemung Canal mortgage, a mortgage applicant can apply online or contact one of the bank offices to speak with a mortgage professional. The bank mortgage department can assist potential home loan borrowers find the right mortgage loan to fit their needs.
Mortgage loan rates promoted by Chemung Canal include the following terms and mortgage rates:
10 year mortgage rate 4.500%, 0 points and 4.58% APR with a minimum 5 percent down payment.
15 year mortgage rate 4.500%, 0 points and 4.56% APR with a minimum 5 percent down payment.
20 year mortgage rate 5.125%, 0 points and 5.17% APR with a minimum 5 percent down payment.
30 year mortgage rate 5.250%, 0 points and 5. 28% APR with a minimum 5 percent down payment.
Use one of the mortgage calculators located at www.selectcalculators.com to help determine which mortgage rates an home loan options are best for you. Check on the potential savings with different term home loans or making biweekly instead of monthly mortgage payments as well.
Additional mortgage rates and point options are available. Mortgage rates are subject to change without notice. All home loans are subject to credit approval. Any additional conditions will apply.
For more information on bank mortgage rates and home loan programs, contact the bank mortgage department directly at (607) 737-3815 or toll-free at (800) 836-3711. Mortgage rates and bank information is also available at the bank website located at www.chemungcanal.com.
Bank deposit rates can be viewed at www.selectcdrates.com including current CD rates and more.