Top Bank Mortgage Rates February 14, 2011
While the U.S government struggles on how to reform housing finance with FNMA and FHLMC, bank mortgage rates pushed on ahead with another week of rising rates. Thankfully this most recent rate increase was comparatively mild.
Mortgage rates from the top bank mortgage lenders increased by just a few basis points on the 30 year home loan but increased more significantly on the 15 year term loan. These rate changes reflected actions in bond market where prices on long term bonds were little changed on the week while midterm bond prices dipped rather substantially pushing bond rates higher for shorter term mortgage loans.
Findlocalmortgagerates.com weekly mortgage rate survey indicated that mortgage rates from the top five bank mortgage lenders on the 30 year fixed rate home loan increased to 5.175 percent from 5.150 percent the week earlier.
The rate on the 15 year fixed rate loan leaped by more than 12 basis points moving up to 4.425 percent from 4.30 percent in the previous week.
The weekly survey has been expanded to include 20 year mortgage rates and FHA mortgage rates. The average 20 year mortgage rate ended the week at 5.025 percent and the for a 30 year FHA mortgage rate closed out at 4.975 percent.
The average points by the bank mortgage lenders in the survey were up slightly for the 30 year term loan with an average of 0.525 points while the average points charged on the 15 year mortgage dropped down to 0.45 points.
Bank mortgage rates from the top five bank mortgage lenders in this week’s mortgage rate survey ending February 11, 2011 included the following 15 year and 30 year mortgage interest rates, points charged and mortgage loan APR’s:
Wells Mortgage rates came in at 5.125% with 1.0 point and a 5.287% APR on the 30 year mortgage while the Wells Mortgage 15 year loan had a rate of 4.375% with 1.0 point and a 4.647% APR.
US Bank mortgage rates for the 30 year loan closed at 5.250% and zero points and a 5.317% APR and the 15 year mortgage rate ended at 4.500% with zero points and a 4.612% APR.
Bank of America mortgage rates for a 30 year loan was 5.000% and 1.0 point for a 5.138% APR and the 15 year mortgage rate was 4.250% with 0.875 point for a 4.467% APR.
Citibank’s 30 year mortgage rates ended at 5.25% with 0.25 points and a 5.339% APR while the 15 year mortgage rate with the bank was 4.500% with 0.25 points and a 4.649% APR.
Chase Bank mortgage rates for the 30 year were 5.25% and 0.375 points for an APR of 5.341% and the 15 year mortgage rate was 4.500% with 0.125 points for an APR of 4.615%.
The mortgage interest rates, points and APRs listed are current as of the survey date on February 11, 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, mortgage rates in Florida, mortgage rates in Ohio, mortgage rates in Maryland and more.
Bank Mortgage Rates February 7, 2011
Mortgage rates from the top bank mortgage lenders increased fairly significantly for the week ending February 4, 2011.
Mortgage rates have been trending higher but have remained in a very narrow range since the start of the year. Weekly mortgage rates changes have moved moderately week over week with end result leaving mortgage rates moderately higher than they were at the start of 2011. This week’s mortgage interest rate climb was more severe for both short term and long term mortgage loans.
Findlocalmortgagerates.com weekly rate survey indicated that mortgage rates from the top five bank mortgage lenders closed measurably higher for the both 30 year fixed rate home loan as well as the 15 year fixed rate loan.
The average rate for a 30 year fixed rate mortgage increased by over 25 basis points from the previous week’s close while the average 15 year mortgage rate increased by 15 basis points.
The average mortgage rate from the top five bank mortgage lenders for a 30 year fixed rate mortgage closed the week at 5.15 percent. The average mortgage rate from the top five bank mortgage lenders for a 15 year fixed rate mortgage closed the week at 4.30 percent.
The average points in the mortgage rate survey were unchanged for the 30 year term loan with an average of 0.475 points and the average points charged on the 15 year mortgage increased to 0.675 points.
Bank mortgage rates from the top five bank mortgage lenders in this week’s survey ending February 4th, 2011 included the following 15 year and 30 year mortgage interest rates, points charged and mortgage loan APR’s:
Citibank’s 30 year mortgage rates ended the week at 5.25% with 0.125 points and a 5.328% APR while the 15 year mortgage from Citibank closed at 4.375% with 0.375 points and a 4.542% APR.
The Chase Bank 30 year mortgage rate came in at 5.25% and 0.375 points for an APR of 5.341% and the 15 year mortgage rate was 4.375% with 0.375 points for an APR of 4.527%.
Wells Mortgage rates for a 30 year term increased to 5.125% with 1.0 point and a 5.287% APR while the 15 year term increased to 4.250% with 1.0 point and a 4.521% APR.
Bank of America mortgage rates for a 30 year loan was 5.000% and 0.875 points for a 5.118% APR and the 15 year mortgage rate was 4.125% with 1.625 point for a 4.443% APR.
US Bank mortgage rates rounded out the top five lenders and also had higher rates for the 30 year fixed rate loan and 15 year home loan. The US Bank 30 year mortgage rate closed at 5.125% and zero points and a 5.192% APR and the 15 year mortgage rate at US Bank ended at 4.375% with zero points and a 4.487% APR.
The mortgage interest rates, points and APRs listed are current as of the survey date on February 4, 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, mortgage rates in Florida, mortgage rates in Ohio, mortgage rates in Maryland and more.
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.
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 27, 2010
Mortgage rates got reprieve by the time this week came to a close. Mortgage rates that have been steadily rising dropped down modesty for the week ending December 24, 2010. The 30 year fixed rate mortgage and 15 year fixed rate mortgage ended the week down by five basis points or 5/100’s of a percent.
The average 30 year bank mortgage rate from the top five bank mortgage lenders closed at 4.875 percent, down from the prior week’s average mortgage rate of 4.925 percent. The average 15 year bank mortgage rate closed at 4.25 percent, off of last week’s closing rate of 4.300 percent.
Points charged by the top bank lenders changed very little week over week. The average points charged to obtain the 30 year mortgage rate in the weekly survey increased to 0.575 points from 0.55 points in the earlier week and the average points charged to obtain the 15 year mortgage rate remained at 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 24, 2010 included the following 15 year and 30 year mortgage interest rates, points and loan APR’s:
Chase Mortgage rates dipped modestly to 4.875% with 0.25 points for a 4.953% APR on the 30 year mortgage and 4.25% with zero points and a 4.345% APR on a 15 year mortgage.
Bank of America mortgage interest rate on the 30 year held at 4.75% but dropped on the points charged to 1.125 points for an APR of 4.910% and the bank’s 15 year mortgage rate held at 4.125% with the pints moving down 1.125 points for an APR of 4.400%.
Citibank’s 30 year mortgage rate actually up ticked modestly for the week with the 30 year loan rising to 4.875% with 0.50 points and a 5.099% APR and the 15 year mortgage rate increased to 4.250% with 0.50 points for an APR of 4.629%.
Wells Mortgage rates were unchanged week over week 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 dipped down to 5.00% and zero points with an 5.066% APR on a 30 year mortgage loan and 4.375% 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 24th, 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 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.
Top Bank Mortgage Rates December 13, 2010
Mortgage rates were not only higher once again over the past week, but the increase in bank mortgage rates was one of the largest weekly increases in several weeks. By the close of the week, 30 year mortgage rates had jumped up by 20 basis points or 20/100’s of percent. The 15 year mortgage rate also shot up 20 basis points for the week.
The average 30 year bank mortgage rate closed at 4.875 percent on December 10, 2010 up from 4.675 percent in the prior week. The average 15 year mortgage rate ended the week at 4.20 percent, up from 4.00 percent in the preceding week.
Points charged by the bank mortgage lenders to obtain the rates found in the survey showed mixed results. The points charged on a 30 year loan were slightly lower while the points charged on a 15 year loan were slightly higher. The average points on the 30 year mortgage were 0.45 points and the average points charged on the 15 year mortgage were 0.55 points.
Despite the Treasury bond purchase transactions performed by the Fed, mid and long term interest rates have risen rather substantially in the last three weeks. While the Fed continued to buy Treasury securities not only did mortgage rates rise by 20 basis points but the ten year Treasury rose by 29 basis points during the same week. The ten year Treasury bond started the week at 3.03 percent and ended at 3.32 percent.
The current bank mortgage rates from the top five bank mortgage lenders in the Findlocalmortgagerates.com weekly survey for the week ending December 10th included the following 15 year and 30 year mortgage rates, points and APR’s:
Wells Mortgage rates were up over by ¼ percent on average with a 30 year mortgage rate rising to 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.
Chase Mortgage rates increased to 4.875% with 0.50 points and an APR at 4.975% on a 30 year mortgage and 4.250% with 0.25 points and a 4.383% APR on a 15 year mortgage.
Citibank mortgage rates increased just under ¼ of a percent to 5.00% with no points and a 5.135% APR on a 30 year home loan and 4.250% with 0.375 points for an APR of 4.591% on the 15 year home loan.
Bank of America mortgage rates were up by .25 percent with a 30 year loan at 4.75% with 0.75 points resulting in a 4.787% APR and a 15 year loan at 4.00% with 1.125 points for a 4.250% APR.
US Bank mortgage rates ended the week with a 30 year mortgage rate of 4.875% and zero points for a 4.941% APR and a15 year mortgage rate of 4.250% with zero points and a 4.361% APR.
The mortgage interest rates, points and APRs listed are current as of the mortgage rate survey date: December 10th, 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.
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.
Top Five Bank Mortgage Rates December 6, 2010
Bank mortgage rates were higher again for the week ending December 3rd, 2010. The average 30 year mortgage interest rates and 15 year mortgage interest rates closed higher on the week as did the origination and discount points charged to obtain those rates.
The average 30 year fixed rate mortgage ended the week at 4.675 percent, an increase of five basis points or 5/100′s of a percent from the preceding week. The average 15 year mortgage rate closed out the week at 4.00 percent, an increase of just under three basis points from the prior week.
The average points charged to obtain the 30 year term mortgage ticked up modestly to 0.47 points while the average points charged to obtain the 15 year mortgage rate increased more measurably to an average of 0.525 points.
The current bank mortgage rates from the top five bank mortgage lenders found in the Findlocalmortgagerates.com survey for the week ending December 3rd included the following 15 year and 30 year mortgage rates, points and APR’s:
Chase Mortgage rates ended the week at 4.750% and 0.25 points and an APR at 4.827% for the 30 year term loan while the 15 year rate was 4.125% with 0.25 points and an APR at 4.257%.
Bank of America mortgage rates closed the week at 4.50% with 0.75 point and a 4.599% APR on the 30 year home loan and 3.750% with 1.0 point for a 3.965% APR on a 15 year home loan.
Citibank mortgage rates on the 30 year came in at 4.750% with 0.25 points and a 4.928% APR and 4.125% with 0.375 points for an APR of 4.465% on the 15 year mortgage.
Wells Mortgage rates were at 4.625% with 1.0 point and a 4.782% APR for a 30 year loan and 3.875% with 1.0 point and a 4.143% APR on the 15 year mortgage loan.
US Bank mortgage rates were unchanged on the week, the 30 year mortgage held at 4.75% with zero points and a 4.815% APR and the 15 year mortgage rate remained at 4.125% with zero points and a 4.236% APR.
The mortgage interest rates, points and APRs listed are current as of the mortgage rate survey date: December 3rd, 2010. 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. 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
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.