Top Five Bank 30 Year Mortgage Rates January 17th, 2011
Bank mortgage rates ended the week of January 14th, 2011 lower once again. The average 30 year mortgage rate from the top five bank mortgage lenders managed to squeeze out a small reduction in rate while the average 15 year mortgage rate from the top five bank mortgage lenders made a more substantial rate reduction for the week.
The average 30 year mortgage rate ended the week at 4.800 percent. The average 30 year rate is just over two basis points or 2/100’s of percent lower than the week earlier.
The average 15 year mortgage rate closed the week at 4.100 percent which is a drop of just over 12 basis points from the preceding week.
The average points charged on the 30 year mortgage moved noticeably higher. The average points charged by the top five bank mortgage lenders to obtain the 30 year rate increased to an average of 0.55 points from 0.375 points in the previous week.
The average points charged to obtain the 15 year mortgage rate was unchanged. The average points on the 15 year remained at an average of 0.50 points.
The current bank mortgage rates from the top five bank mortgage lenders in the Findlocalmortgagerates.com weekly survey for the week ending January 14, 2010 included the following 15 year and 30 year mortgage interest rates, points and loan APR’s:
US Bank mortgage rates dropped by .125 percent for the 30 year and 15 year fixed rate mortgage with the 30 year mortgage rate from US Bank now at 4.75% and zero points and a 4.815% APR and the 15 year mortgage rate at 4.25% with zero points and a 4.361% APR.
Wells Mortgage rates were unchanged for the 30 year term loan with the Wells Mortgage 30 year rate holding at 4.750% with 1.0 point and a 4.908% APR and dipped down on the 15 year mortgage to 4.000% with 1.0 point and a 4.269% APR.
Citibank mortgage rates were lower on both terms with a Citibank 30 year mortgage rate at 4.875% with 0.875 points and a 5.018% APR and a 15 year rate of 4.125% with 0.50 points for an APR of 4.310%.
Bank of America mortgage rates was almost imperceptible for the week. The Bank of America 30 year mortgage rate held at 4.75% and 0.875 points with an APR of 4.878% and the 15 year mortgage rate was down fractionally to 3.875% with 1.0 point for an APR of 4.114%.
Chase Mortgage rates were also just fractionally lower. The Chase 30 year mortgage rate was unaltered at 4.875% with no points and a 4.931% APR while the 15 year mortgage rate dropped to 4.25% with no points and a 4.345% APR.
Mortgage rates have moved moderately lower since the start of 2011. Mortgage rates continue to remain in a fairly narrow range, although the overall trend for interest rates has been toward the down side for the year.
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 14th, 2011. All mortgage interest rates and costs are subject to change and all home loans will require bank approval.
Top Five Bank Mortgage Rates January 10th, 2011
Bank mortgage rates were moderately lower for the week ending January 7th, 2011 based on the most recent survey of bank mortgage rates performed by Findlocalmortgagerates.com. Based on the current survey, the average rate on the 30 year fixed rate mortgage was unchanged from the previous week while the average rate of the 15 year fixed rate home loan dipped down marginally.
The average 30 year mortgage rate from the top five bank mortgage lenders closed the week at 4.825 percent, a reduction of five basis points or 5/100’s of a percent from the preceding week. The average 15 year fixed rate mortgage ended at 4.225 percent or a drop of just three basis points from the prior week’s average rate of 4.25 percent.
The average points charged by the top five bank mortgage lenders to obtain these rates increased moderately for both loan terms. The average pints charged to obtain the 30 year mortgage rate stepped up to 0.375 points from 0.35 points the week earlier. The average points charged to obtain the 15 year mortgage rate was lifted to 0.50 points for 0.475 points 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 10, 2011 included the following 15 year and 30 year mortgage interest rates, points and loan APR’s:
Chase Mortgage rates for a 30 year and 15 year loan were unchanged for the week. The Chase 30 year mortgage rate remained at 4.875% with no points and a 4.931% APR while the 15 year mortgage rate held at 4.25% with 0.125 points and a 4.364% APR.
Bank of America mortgage rates changed very little over the week with the 30 year mortgage rate at 4.75% and 0.875 points with an APR of 4.867% and the 15 year mortgage rate at 3.875% with 1.125 points for an APR of 4.118%.
Citibank mortgage rates dropped slightly to 4.875% with zero points and a 4.941% APR on a 30 year mortgage rate and 4.250% with 0.25 points for an APR of 4.398% for the 15 year mortgage rate.
Wells Mortgage rates stayed in neutral with no week over week changes. The Wells Mortgage 30 year rate held at 4.750% with 1.0 point and a 4.908% APR while the 15 year mortgage rate from Wells Fargo remained at 4.250% with 1.0 point and a 4.521% APR.
US Bank mortgage rates also stayed in check with the US Bank 30 year mortgage rate holding at 4.875% and zero points with a 4.941% APR and the 15 year mortgage rate firmly planted at 4.375% with zero points and a 4.487% APR.
The most recent survey closed with bank rates lower or unchanged for a number of lending and savings products, not just bank mortgage rates. US Treasury rates also moved in a very narrow range for the week with shorter term rates unchanged, midterm rates dropping and longer terms rates closing marginally higher. For the past two weeks, mortgage rates have remained in a very narrow range ending a near two month rise in rates.
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.
The mortgage interest rates, points and APRs listed are current as of the mortgage rate survey date: January 7th, 2011. All mortgage interest rates and costs are subject to change and all home loans will require bank approval.
The Findlocalmortgagerates.com weekly mortgage rate survey is designed to provide quick information on current mortgage rates from the nation’s top bank mortgage lenders to allow potential home loan borrowers the ability to easily research mortgage interest rates and home loan costs. Additional mortgage rates and point options are available from the lenders in the survey including mortgage rates in other states and regions.
Top Bank Mortgage Rates January 3rd, 2010
Although mortgage interest rates have been trending mostly upward since early November, mortgage rates from the top five bank mortgage lenders managed to move slightly lower for the last week of 2010. On December 27, 2010 mortgage rates from the top five bank mortgage lenders were lower on both the 30 year term home loan as well as the 15 year term loan.
The average 30 year fixed rate mortgage form the top five bank mortgage lenders closed the week at 4.825 percent which is a reduction of five basis points or 5/100’s of a percent from the previous week. The average 15 year fixed rate mortgage ended at 4.225 percent or a drop of just three basis points from the prior week’s average rate of 4.25 percent.
The average points charged in this week’s survey was lower for both the 30 year mortgage rate and 15 year mortgage rate. The average pints charged by the top five bank mortgage lender to obtain the 30 year loan was 0.35 points which compares to last week’s average of 0.575 points. The average points on the 15 year mortgage came down to 0.475 points which compares to last week’s average of 0.525 points.
The current bank mortgage rates from the top five bank mortgage lenders in the Findlocalmortgagerates.com weekly survey for the week ending December 27, 2010 included the following 15 year and 30 year mortgage interest rates, points and loan APR’s:
Chase Mortgage rates were mixed for the week with the APR higher on the 30 year and lower for the 15 year. The Chase mortgage 30 year mortgage rate was 4.875% with no points and a 4.931% APR on the 15 year mortgage rate at Chase was 4.25% with 0.125 points and a 4.364% APR on a 15 year mortgage.
Bank of America mortgage rates were lower on both term loans with the 30 year rate at 4.75% and 0.625 points for an APR of 4.839% and the 15 year mortgage rate at 4.000% with one point for an APR of 4.215%.
Citibank mortgage rates were lower on the points charged only with a 30 year mortgage rate from Citibank holding at 4.875% with 0.125 points and a 5.031% APR and the 15 year mortgage rate remaining at 4.250% with 0.25 points for an APR of 4.553%.
Wells Mortgage rates dipped lower for the 30 year mortgage to 4.750% with 1.0 point and a 4.908% APR while the 15 year mortgage rate remained at 4.250% with 1.0 point and a 4.521% APR.
US Bank mortgage rates also dropped on the 30 year loan and held steady on the 15 year. The US Bank 30 year mortgage rate ended at 4.875% and zero points with a 4.941% APR and 4.375% with zero points and a 4.487% APR for the 15 year mortgage.
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.
The mortgage interest rates, points and APRs listed are current as of the mortgage rate survey date: December 27th, 2010. All mortgage interest rates and costs are subject to change and all home loans will require bank approval.
The Findlocalmortgagerates.com weekly mortgage rate survey is designed to provide quick information on current mortgage rates from the nation’s top bank mortgage lenders to allow potential home loan borrowers the ability to easily research mortgage interest rates and home loan costs. Additional mortgage rates and point options are available from the lenders in the survey including mortgage rates in other states and regions.
Bank Mortgage Rates December 20, 2010
The battered mortgage rate market experienced another poor showing this past week. The 30 year fixed rate mortgage and 15 year fixed rate mortgage ended the week higher but fortunately, were off of their midweek highs with the help of a bond market rally that took place on Friday.
Mortgage rates closed the week up just five basis points or 5/100’s of a percent on the 30 year home loan and ten basis points for the 15 year loan. The average 30 year bank mortgage rate closed at 4.925 percent on December 17, 2010 while the average 15 year bank mortgage rate closed at 4.300 percent.
The average points charged by the lenders in this week’s bank mortgage lender survey displayed mixed results. The average loan points charged on the 30 year mortgage increased to 0.55 points and the average points on the 15 year mortgage dipped to 0.525 points.
Mortgage rates reached their highest point on Thursday before settling back down Friday. On Thursday the average 30 year mortgage rate from the top five bank mortgage lenders that are included in the Findlocalmortaggerates.com survey shot up to 5.05 percent or 13 basis points higher than where they are today.
The current bank mortgage rates from the top five bank mortgage lenders in the Findlocalmortgagerates.com weekly survey for the week ending December 17th included the following 15 year and 30 year mortgage rates, points and APR’s:
Chase Mortgage rates reached 5.00% with 0.25 points for a 5.079% APR on the 30 year mortgage and 4.375% with zero points and a 4.471% APR on a 15 year loan.
Bank of America mortgage rates on 30 year held at 4.75% but experienced an increase in origination points to 1.25 points for an APR of 4.914% while Bank of America’s 15 year mortgage rate increased to 4.125% with 1.25 points and a 4.408% APR.
Citibank’s 30 year mortgage rate came in at 4.875% with 0.25 points and a 5.054% APR and the 15 year mortgage rate remained 4.250% with 0.375 points for an APR of 4.591%.
Wells Mortgage rates were mostly unchanged with a 30 year mortgage rate of 4.875% with 1.0 point and a 5.034% APR and a 15 year mortgage rate of 4.250% with 1.0 point and a 4.521% APR.
US Bank mortgage rates bumped up to 5.125% and zero points with an APR of 5.192% on a 30 year mortgage loan and 4.500% with zero points and a 4.612% APR for the 15 year mortgage rate.
The mortgage interest rates, points and APRs listed are current as of the mortgage rate survey date: December 17th, 2010. All mortgage interest rates and costs are subject to change and all home loans will require bank approval.
The mortgage rates, points and APRs included in the survey are based on California properties with a loan amount of $250,000.00 and a 20% down payment.
Information provided on the bank mortgage rates was obtained directly from the bank mortgage lenders listed and are believed to be accurate and reliable when placed on this site, but we cannot guarantee their accuracy.
The Findlocalmortgagerates.com weekly mortgage rate survey is designed to provide quick information on current mortgage rates from the nation’s top bank mortgage lenders to allow potential home loan borrowers the ability to easily research mortgage interest rates and home loan costs.
Bank Mortgage Lender Rates November 22, 2010
Bank mortgage rates moved higher again over the past week. The 30 year mortgage rate and 15 year mortgage rate experienced an increase in mortgage interest rates as well as an increase in the average points charged.
Mortgage rates from the top five bank mortgage lenders on the 30 year term loan bounced up to 4.50 percent and 0.625 points from 4.45 percent and 0.525 points in the previous week.
Mortgage rates on the 15 year term mortgage loan moved up to 3.90 percent with 0.575 points from 3.850 percent and 0.525 points in the prior week.
Mortgage rates have continued to move higher since the start of the Federal Reserve’s Treasury purchase program or quantitative easing initiative. Treasury rates on the ten year bond moved higher by 12 basis points week over week and ended the week with a yield of 2.88 percent.
The current bank mortgage rates found in the compare mortgage rates survey tracked by Findlocalmortgagerates.com for the week ending November 19th included the following 15 year and 30 year mortgage rates, points and APR’s:
Chase Mortgage rates for the 30 year loan were at 4.625% and 0.375 points for a 4.713% APR while the 15 year mortgage rate closed at 4.00% with 0.25 points and a 4.1325% APR.
Bank of America mortgage rates on the 30 year ended the week at 4.250% with 1.50 points and a 4.431% APR and the 15 year mortgage rate ended at 3.625% with 1.50 points and a 3.942% APR.
Citibank mortgage rates moved up to 4.625% with 0.25 points for a 4.801% APR on a 30 year term loan and 4.125% with 0.125 points for an APR of 4.389% on the 15 year mortgage.
Wells Mortgage rates had the 30 year home loan at 4.375% with 1.0 point and a 4.529% APR and 3.75% with 1.0 point and a 4.017% APR for the 15 year mortgage.
US Bank mortgage rates on the 30 year mortgage increased to 4.625% and no points with an APR at 4.690% and the 15 year mortgage rate ticked up to 4.00% with no points and an APR of 4.110%.
The mortgage rates and points listed from the top five bank mortgage lenders are current as of the survey date, November 19th, 2010. Information provided on the bank mortgage rates are believed to be accurate and reliable when placed on this site, but we cannot guarantee it is accurate or complete or current at all times.
All mortgage interest rates and costs are subject to change and all home loans will require bank approval.
The mortgage rates, points and APRs included in the survey are based on California properties with a loan amount of $250,000.00 and a 20% down payment.
Findlocalmortgagerates.com publishes the bank mortgage rate survey to allow potential home loan borrowers the ability to quickly and easily research mortgage interest rates from some of the nation’s largest bank mortgage lenders.
More information on the mortgage loans and mortgage interest rates listed can be obtained by contacting the bank mortgage lenders directly:
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
Mortgage rates and loan costs for a specific loan request may be affected by a number of factors including the credit, income and assets of the borrower as well as the geographic location and property type. The bank mortgage rates, points and APRs listed in the Findlocalmortgagerates.com rate survey may vary depending on these conditions and more.
Additional mortgage rates from these lenders can be found by contacting the bank mortgage lender directly. Mortgage lender rates available cover all states including: mortgage rates in Illinois, mortgage rates in Texas, mortgage rates in New York, mortgage rates in Florida, mortgage rates in Pennsylvania, mortgage rates in Ohio, mortgage rates in Michigan, mortgage rates in Georgia, mortgage rates in North Carolina, mortgage rates in New Jersey, mortgage rates in Virginia and more.
Top Bank Mortgage Rates October 25th, 2010
Mortgage rates moved lower for the week ending October 22, 2010. In response to a rise in bond prices and the corresponding drop in bond rates, most of the major bank mortgage lenders lowered their residential mortgage rates.
Mortgage rates from the top five bank mortgage lenders were lower by over five basis points or 5/100 of a percent for the both the 30 year fixed rate home loan and 15 year mortgage loan.
The average 30 year mortgage rate from the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com mortgage closed the week at 4.35 percent, down from the prior week’s average loan rate of 4.425 percent.
The average 15 year mortgage rate from the top five lenders closed at 3.75 percent, off from the previous week’s average rate of 3.825 percent.
The points charged on both the 15 year and 30 year mortgage closed higher for the week. The average points charged from the banks in this week’s survey came in at .475 points for the 30 year loan and .50 points for the 15 year home loan.
The current mortgage rates tracked by Findlocalmortgagerates.com from the top five bank mortgage lenders for the week ending October 22nd included the following 15 year and 30 year mortgage rates, points and APR’s:
Wells Mortgage rates moved lower for both the 30 year mortgage and 15 year. The Wells 30 year mortgage rate closed at 4.0% with 1.0 point and a 4.15% APR and the 15 year mortgage rate ended at 3.25% with 1.0 point and a 3.514% APR.
Chase Mortgage rates were mostly unchanged with the 30 year mortgage dipping to 4.50% and the points charged rising to 0.375 points for a 4.587% APR and the 15 year coming in at 4.00% with no points and 4.095% APR.
Bank of America mortgage rates moved lower for both terms. The Bank of America 30 year mortgage rate was 4.25% with 1.0 point and a 4.392% APR while the Bank of America 15 year mortgage rate was 3.625% with 1.0 point and a 3.911% APR.
US Bank mortgage rates were unchanged with the 30 year loan rate at 4.375% and no points for a 4.439% APR and the 15 year rate holding at 3.75% with no points and an APR of 3.860%.
Citibank mortgage rates were also unchanged with the 30 year mortgage rate remaining at 4.625% with zero points for a 4.757% APR and the 15 year mortgage rate coming in at 4.125% and 0.25 points for an APR of 4.427%.
The mortgage rates and points listed from the top five bank mortgage lenders are current as of the survey date, October 22nd, 2010. Information provided on the bank mortgage rates are believed to be accurate and reliable when placed on this site, but we cannot guarantee it is accurate or complete or current at all times. All mortgage interest rates and costs are subject to change and all home loans will require bank approval.
The mortgage rates, points and APRs included in the survey are based on California properties with a loan amount of $250,000.00 and a 20% down payment.
Findlocalmortgagerates.com publishes the bank mortgage rate survey to allow potential home loan borrowers the ability to quickly and easily research mortgage interest rates from some of the nation’s largest bank mortgage lenders.
More information on the mortgage loans and mortgage interest rates listed can be obtained by contacting the bank mortgage lenders directly:
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
Mortgage rates and loan costs for a specific loan request may be affected by a number of factors including the credit, income and assets of the borrower as well as the geographic location and property type. The bank mortgage rates, points and APRs listed in the Findlocalmortgagerates.com rate survey may vary depending on these conditions and more.
Additional mortgage rates from these lenders can be found by contacting the bank mortgage lender directly. Mortgage rates available include: mortgage rates in Illinois, mortgage rates in Texas, mortgage rates in New York, mortgage rates in Florida, mortgage rates in Pennsylvania, mortgage rates in Ohio, mortgage rates in Michigan, mortgage rates in Georgia, mortgage rates in North Carolina and more.
Bank Mortgage Rates October 18th, 2010
Mortgage rates from the largest bank mortgage lenders moved higher for the week ending October 15th. This is the first measurable mortgage rate increase in several weeks. Both, the 30 year fixed rate loan and 15 year fixed rate mortgage loan rates increased substantially during the week.
The average 30 year mortgage rate from the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com mortgage closed the week with a rate of 4.425 percent. The average points charged on the 30 year term loan fortunately, moved lower to an average of 0.375 points. The average 15 year mortgage rate in the survey moved up to 3.825 percent while the average points charged increased to 0.425 points.
The mortgage rates survey results from the top five bank mortgage lenders for the week ending October 15th included the following 15 year and 30 year mortgage rates, points and APR’s:
Wells Mortgage rates on a 30 year mortgage moved up to 4.125% with 1.0 point and a 4.277% APR and the 15 year mortgage rate remained unchanged at 3.375% with 1.0 point and a 3.639% APR.
Chase Mortgage rates on a 30 year mortgage jumped to 4.625% and 0.125 points for a 4.691% APR while the 15 year mortgage rate was just modestly higher at 4.00% with 0.125 points and 4.113% APR.
US Bank mortgage rates were up modestly with the 30 year loan having a rate of 4.375% and no points for a 4.439% APR and the 15 year rate going up to 3.875% with no points and an APR of 3.985%.
Citibank mortgage rates pushed up on the 30 year to 4.625% with 0.125 points for a 4.779% APR and the Citibank 15 year loan was boosted up to 4.125% and no points resulting an APR of 4.352%.
Bank of America mortgage rates increased by .25% on both the 30 year and 15 year loan with the 30 year mortgage rate going to 4.375% with 0.625 points and a 4.477% APR and the 15 year rate coming in at 3.75% with 1.0 point and a 3.986% APR.
The mortgage rates and points listed from the top five bank mortgage lenders are current as of the survey date, October 8nd, 2010. All mortgage interest rates and costs are subject to change and all home loans will require bank approval.
The mortgage rates, points and APRs included in the survey are based on California properties with a loan amount of $250,000.00 and a 20% down payment.
Findlocalmortgagerates.com publishes the bank mortgage rate survey to allow potential home loan borrowers the ability to quickly and easily research mortgage interest rates from some of the nation’s largest bank mortgage lenders.
More information on the mortgage loans and mortgage interest rates listed can be obtained by contacting the bank mortgage lenders directly:
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
Mortgage rates and loan costs for a specific loan request may be affected by a number of factors including the credit, income and assets of the borrower as well as the geographic location and property type. The bank mortgage rates, points and APRs listed in the Findlocalmortgagerates.com rate survey may vary depending on these conditions and more.
Additional mortgage rates from these lenders can be found by contacting the bank mortgage lender directly. Mortgage rates available include: mortgage rates in Illinois, mortgage rates in Texas, mortgage rates in New York, mortgage rates in Florida, mortgage rates in Pennsylvania, mortgage rates in Ohio, mortgage rates in Michigan, mortgage rates in Georgia, mortgage rates in North Carolina and more.
Top Bank Mortgage Rates October 11th, 2010
Bank mortgage rates absolutely plummeted last week. Even though mortgage rates have been on a rather steady slide downwards for better part of 2010, last week’s rate drop was significant and is all that more surprising based on the low rates that the week started with. For this week’s mortgage rate analysis, skip the summary and scroll down to the current mortgage rates to see what the nation’s largest banks are offering.
The average 30 year mortgage rate from the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com mortgage fell by twenty basis points, ending the week at 4.225 percent. The average 15 year mortgage rate was down by just over 13 basis points, closing the week at 3.675 percent.
The average point charged by the bank mortgage lenders in the weekly survey was also lower on the week. The average points charged on the 30 year home loan moved down to.45 points while the average points charged to obtain the 15 year mortgage moved down to an average of 0.40 points.
The mortgage rates survey results from the top five bank mortgage lenders for the week ending October 8th included the following 15 year and 30 year mortgage rates, points and APR’s:
Wells Mortgage rates on a 30 year mortgage closed at 4.00% with 1.0 point and a 4.151% APR, the 15 year mortgage rate closed at 3.375% with 1.0 point and a 3.639% APR.
Chase Mortgage rates on a 30 year mortgage was 4.375% and 0.125 points with a 4.440% APR while the 15 year loan closed at 3.875% with 0.00 points and 3.969% APR.
US Bank mortgage rates on a 30 year loan came in at 4.25% with zero points and a 4.313% APR and the 15 year had a rate of 3.75% with no points and a 3.860% APR.
Bank of America mortgage rates were 4.125% with 0.875 points and a 4.242% APR for a 30 year home loan and 3.50% with 1.0 point and a 3.726% APR for the 15 year mortgage.
Citibank mortgage rates on a 30 year was 4.375% with 0.25 points and a 4.549% APR and the shorter term, 15 year mortgage rate came in at 3.875% with no points for a 4.10% APR.
The mortgage rates and points listed from the top five bank mortgage lenders are current as of the survey date, October 8nd, 2010. All mortgage interest rates and costs are subject to change and all home loans will require bank approval.
The mortgage rates surveyed are based on California properties with a loan amount of $250,000.00 and a 20% down payment.
Findlocalmortgagerates.com publishes the bank mortgage rate survey to allow potential home loan borrowers the ability to quickly and easily research mortgage interest rates from some of the nation’s largest bank mortgage lenders.
More information on the mortgage loans and mortgage rates listed can be obtained by contacting the bank mortgage lenders directly:
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
Mortgage rates and loan costs for a specific loan request may be affected by a number of factors including the credit, income and assets of the borrower as well as the geographic location and property type. The bank mortgage rates, points and APRs listed in the Findlocalmortgagerates.com rate survey may vary depending on these conditions and more.
Top Bank Mortgage Rates October 4th, 2010
Mortgage rates continued the long term down trend and closed lower for the week ending October 2nd, 2010. Mid and long term Treasury rates were also noticeably lower on the week as were bank savings rates. Current mortgage rates for both the 30 year mortgage rate and 15 year mortgage rate moved substantially lower week over week.
The average 30 year fixed rate mortgage dropped by a rather large amount considering the already low rates that have been reached. Based on the most recent Findlocalmortgagerates.com weekly survey of bank mortgage rates, the average 30 year rate mortgage was down ten basis points or 10/100’s of a percent, to 4.425 percent.
The average 15 year fixed rate mortgage was lower by and an even wider margin than the 30 year term loan, tumbling eleven basis points to 3.80 percent.
The average points charged by the bank mortgage lenders in the survey increased on the week. The average points charged to obtain the rate on the 30 year home loan came in at .525 points as did the average points charged for the 15 year mortgage.
The mortgage rates survey results from the top five bank mortgage lenders for the week ending October 4th included the following 15 year and 30 year mortgage rates:
US Bank mortgage rates for the 30 year loan and 15 year loan ended the week at 4.50% with no points and a 4.564% APR on the 30 and 3.875% with no points and a 3.985% APR on the 15 year mortgage.
Chase Mortgage rates for the 30 year home loan was 4.625% and 0.25 points with a 4.702% APR while the 15 year loan closed at 4.00% with 0.25 points and 4.132% APR.
Wells Mortgage rates for the 30 and 15 year mortgage came in at 4.125% with 1.0 point and a 4.277% APR and 3.375% with 1.0 point and a 3.639% APR, respectively.
Bank of America mortgage rates for the 30 year loan was 4.125% with 1.125 points and a 4.286% APR and 3.625% with 1.125 points and a 3.906% APR for the 15 year mortgage rate.
Citibank mortgage rates came in at 4.75% with 0.25 points and a 4.928% APR on a 30 year mortgage loan and 4.125% with 0.25 points for a 4.427% APR on the 15 year mortgage loan.
The mortgage rates and points listed are current as of the survey date, October 2nd, all mortgage rates and costs are subject to change and all home loans will require bank approval.
The mortgage rates surveyed are based on California properties with a loan amount of $250,000.00 and a 20% down payment.
Findlocalmortgagerates.com publishes the bank mortgage rate survey to allow potential home loan borrowers the ability to quickly and easily research mortgage interest rates from some of the nation’s largest bank mortgage lenders.
More information on the mortgage loans and mortgage rates listed can be obtained by contacting the bank mortgage lenders directly:
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
Mortgage rates and loan costs for a specific loan request may be affected by a number of factors including the credit, income and assets of the borrower as well as the geographic location and property type. The bank mortgage rates, points and APRs listed in the Findlocalmortgagerates.com rate survey may vary depending on the conditions and more.
Top Five Bank Mortgage Rates September 27th, 2010
Mortgage rates plunged lower to close the week on September 24, 2010. Even while the stock market has gained some footing and the Fed has made it clear that inflation is too low and action will be taken to increases prices, mortgage rates continued to move lower.
Mortgage rates fell during the week as did most all bank and bond interest rates after the Fed reserve made a press release about providing additional easing to aid the economic recovery. The slow and possibly slowing economic recovery is forcing the Fed to provide more easing in the form of asset purchases which, at minimum, is going to keep interest rates low for some time.
Based on the most recent Findlocalmortgagerates.com weekly survey of bank mortgage rates, the average 30 year fixed rate mortgage was down five basis points or 5/100’s of a percent, to 4.525 percent.
This week’s average 15 year fixed rate mortgage was lower by eight basis points, falling to 3.915 percent.
The average points charged to obtain these mortgage rates was down as well for both home loan products. The average point charged for the 30 year came in at .35 points while the average points charged on the 15 year was .425 points.
The mortgage rates survey results from the top five bank mortgage lenders for the week ending September 24th included the following 15 year and 30 year mortgage rates:
Wells Mortgage rates ended the week at 4.25% with 1.0 point and a 4.403% APR for a 30 year mortgage rate and 3.625% with 1.0 point and a 3.891% APR for the shorter, 15 year home loan.
Chase Mortgage rates were 4.625% with 0.125 points and a 4.691% APR on a 30 year term loan and 4.125% with zero points for a 4.220% APR on a 15 year mortgage.
Bank of America mortgage rates for the 30 year were 4.375% with 0.625 points and a 4.489% APR and the 15 year mortgage rate was 3.75% with .875 points and a 3.985% APR.
US Bank mortgage rate on the 30 year closed at 4.625% with no points and a 4.690% APR while the 15 year mortgage rate was 3.95% with no points and a 4.060% APR.
Citibank mortgage rates ended the week at 4.75% with zero points and a 4.883% APR on a 30 year mortgage loan and 4.125% with 0.25 points for a 4.427% APR on the 15 year mortgage loan.
The mortgage rates and points listed are current as of the survey date, September 24, all mortgage rates and costs are subject to change and all home loans will require bank approval.
The mortgage rates surveyed are based on California properties with a loan amount of $250,000.00 and a 20% down payment.
Findlocalmortgagerates.com publishes the bank mortgage rate survey to allow potential home loan borrowers the ability to quickly and easily research mortgage interest rates from some of the nation’s largest bank mortgage lenders.
More information on the mortgage loans and mortgage rates listed can be obtained by contacting the bank mortgage lenders directly:
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
Mortgage rates and loan costs for a specific loan request may be affected by a number of factors including the credit, income and assets of the borrower as well as the geographic location and property type. The bank mortgage rates, points and APRs listed in the Findlocalmortgagerates.com rate survey may vary depending on the conditions and more.