CT Mortgage Rates July 17, 2010
Findlocalmortgagerates.com reports Connecticut mortgage rates for 30 year fixed rate mortgages and 15 year fixed rate mortgages form two of the largest bank mortgage lenders in Connecticut as well as two of the largest bank mortgage lenders in the nation.
Whether looking for a mortgage to buy a new home or refinance an existing a home loan in CT, review the mortgage rates from multiple bank mortgage lenders in CT will help assure that you find the best mortgage rate and home loan available. Successful mortgage rate and loan shopping in CT should involve comparing the lowest rate mortgage and the best services among several competent lenders before selecting the right loan.
The two local bank lenders from CT in this week’s survey are Newton Savings Bank, the 12th largest CT based bank, and Naugatuck Savings Bank, the 13th largest bank based in CT. The national banks included the survey include TD Bank, the 13th largest bank in the nation and Chase Bank, the largest US bank.
Naugatuck Savings Bank offers a 30 year fixed rate mortgage in CT at 4.75% with no points for a 4.751% APR and a 15 year mortgage rate in CT 4.125% with no points and an APR of 4.127%.
TD Bank mortgage rate on a 30 year fixed is at 4.75% with zero points and a 4.921% APR while the 15 year mortgage rate from TD Bank is at 3.99% with no points and a 4.094% APR.
Newton Savings Bank promotes a 30 year fixed rate home loan at 4.50% with .25 points and a 4.544% APR. Newton Savings Bank also offers a 15 year at 4.00% with no points and an APR of 4.038%.
Chase mortgage rates in CT for the 30 year and 15 year are at 4.875% with .25 points and a 4.944% APR on the 30 year and 4.375% with zero points and a 4.454% APR on the 15 year fixed.
CT mortgage rates and terms listed are for owner-occupied properties with a 20% down payment and excellent credit. All mortgage interest rates are subject to credit and property approval and bank underwriting. Rates are subject to change without notice. Home loan rates and APRs may vary based on the final loan amount, finance charges, borrower’s credit history and other loan details.
Additional loan programs and mortgage rate options are also available from these bank mortgage lenders.
The bank lenders in CT listed can be reached at the following contact numbers:
Naugatuck Savings Bank can be reached at 877-729-4442.
Chase Bank loan officers are available at 800-873-6577.
Newton Savings Bank is available at 800.461.0672.
TD Bank mortgage customer service is at 800-937-5020.
Mortgage Rate Survey April 27, 2010
Mortgage rates moved mostly sideways during the past week based on the most recent survey of mortgage rates performed by Finidlocalmortgagerates.com. The average rate on a 30 year fixed rate home loan came in at 5.10% which is down from the prior week’s average 30 year fixed rate of 5.125%. While the base mortgage rate was down, the points charged to obtain this rate was up slightly. The average points charged on a 30 year fixed rate loan moved up from 0.375 points in the previous week to 0.500 points for the current week.
The average rate on the 15 year fixed rate home loan displayed a similar split in rate and point movement with the rate falling and the points charged increasing, though the rate decrease on the 15 year was more pronounced than that of the 30 year. The average 15 year fixed rate home loan came in at rate of 4.45% which is down from last week’s average rate of 4.60%. The points charged on average for the 15 year fixed rate loan was up modestly from 0.40 points to 0.45 points.
The top five mortgage lenders in this week’s survey included Chase Mortgage, Wells Fargo Home Loans, Citibank, Bank of America and US Bank. These bank mortgage lenders are also the five largest banks in the U.S. based on assets. The following data contains the results of the survey for these mortgage lenders on the 15 year and 30 year home loan products.
Chase Bank Mortgage offers the 30 year fixed at 5.250% and no points with a 5.307% APR. The 15 year fixed rate home loan from Chase is at 4.625% with no points and a 4.721% APR.
Bank of America Home Loans has the 30 year at 5.000% with 1.0 point and a 5.136% APR. The 15 year at B of A is at 4.250% and 1.25 points with a 4.518% APR.
Citibank markets the 30 year is 5.125% with 0.50 points and an APR of 5.386%. Citibank markets the 15 year with a mortgage rate of 4.625% and no points resulting in a 4.910% APR.
Wells Fargo home Loans is offering the 30 year at 5.000% and 1.0 point for a 5.191% APR and the 15 year at 4.250% with 1.0 point and a 4.573% APR.
US Bank has a 30 year fixed home loan at 5.1250% and no points with a 5.192% APR while the 15 year at US Bank is at 4.250% with no points and a 4.612% APR.
Many other mortgage loan options are available from these mortgage lenders including additional rate and point options for the loan types listed. The loan rates listed are for home purchase transactions, refinance rates may vary from purchase rates.
The mortgage rates, points and APRs listed are subject to change. The mortgage rates, points and APRs in the 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. These mortgage rates are believed to be accurate and current as of the date of this publication. Mortgage interest rates are not guaranteed.
For additional information on these mortgage rates, the mortgage lenders 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
Top Five Bank Mortgage Lender Rates March 30, 2010
The top bank mortgage lenders increased their 30 year fixed rate mortgages slightly for the week ending March 26, 2010 based on the weekly mortgage rate survey performed by Findlocalmortgagerates.com.
The 30 year fixed mortgage rate and point increase over the past week was relatively mild. The average 30 year fixed rate mortgage available from the top five largest bank mortgage lenders came in at 5.075% with .575 points. The current mortgage rate is an increase from the prior week’s average rate that stood at 5.075% and 0.575 points.
The weekly survey performed by Findlocalmortgagerates.com reviews the mortgage rates and home loan programs of the largest US based mortgage lenders. The top five largest U.S. bank mortgage lenders listed below are ranked based on assets and includes: Chase Bank, Bank of America, Citibank, Wells Fargo Bank and US Bank.
As small as the rate increase was, all of the top five bank mortgage lenders increased their mortgage rates and costs on the week. Mortgage rates and points are based on a conforming loan amount of approximately $200,000.00 with a 20% down payment on a single family home that is owner occupied. All bank mortgage rates are based on lender approval.
Chase Bank increased the cost on new mortgage loan to 5.250% with 0.375 points. Chase Bank had offered 5.250% with 0.125 points in the previous week.
Bank of America is currently offering a 30 fixed rate mortgage at 4.875% with 1.25 points up from last week’s mortgage rate of 4.875% and 0.75 points.
Citibank is at 5.125% and 0.50 points. At this time last week, Citibank promoted the 30 year fixed rate home loan on a $200,000 loan amount at 5.125% and 0.25 points.
Wells Fargo Home Loan markets the 30 year fixed rate home loan at 5.000% and 1.00 points, and increase in rate of 0.125% from the previous week’s rate of 4.875% with 1.00 point.
And US Bank has a 30 year fixed rate home loan with a mortgage rate of 5.125% and no points. This is an increase from the previous week’s figures of 5.00% and no points.
Recap of the current 30 year fixed rate mortgage loans by the top five bank mortgage lenders:
Chase Bank 5.250% and 0.125 points with an APR of 5.318%.
Bank of America 4.875% and 1.250 points and a 5.055% APR.
Citibank 5.125% with 0.50 points and a 5.386% APR.
Wells Fargo 5.000% and 1.00 point for a 5.191% APR.
US Bank is at 5.125% and no pints with an APR of 5.192%
The contact numbers for the listed banks to obtain current mortgage rates and 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
All mortgage rates and points listed are subject to change and all home loans would require bank approval. Additional mortgage rates and point options are available from these mortgage lenders.
All information is obtained from the bank mortgage lenders and is believed to be accurate and current as of the posted date. Mortgage loans and mortgage interest rates are not guaranteed.