Bank Mortgage Rates November 15, 2010
Mortgage rates shot up at the end of last week just as the Fed started their purchase program of $600 billion in new Treasury bonds. Along with Treasury rates, mortgage rates moved higher almost in lock step with the Treasury rate increases.
At the end of the week, the ten year Treasury rate moved up from a yield of 2.58 percent on November 5th to 2.76 percent on November 12th, an increase of 18 basis points or 18/100’s of a percent.
Mortgage rates from the top five bank mortgage lenders closed higher for the week on both the 30 year fixed rate mortgage and 15 year fixed rate mortgage by almost the identical amount as the 10 year Treasury.
The 30 year fixed rate mortgage surveyed by Findlocalmortgagerates.com closed the week at 4.45 percent up from 4.225 percent in the previous week while the 15 year mortgage rate climbed to 3.850 percent from 3.625 percent during the preceding week.
The points charged by the bank mortgage lenders in the survey on these rates ended a hair lower for the 30 year mortgage and higher on the 15 year. The average mortgage loan points charged on the 30 year loan was 0.525 points as was the points charged on the 15 year loan.
The current bank mortgage rates tracked by Findlocalmortgagerates.com from the top five bank mortgage lenders for the week ending November 12th included the following 15 year and 30 year mortgage rates, points and APR’s:
Chase Mortgage rates were up more than the average with a 30 year loan at 4.625% and 0.25 points for a 4.702% APR and the 15 year mortgage rate at 4.00% with no points and a 4.095% APR.
Bank of America mortgage rates were moderately higher on the 30 year and considerably higher on the 15 year loan. The Bank of America 30 year mortgage rate ending the week at 4.250% with 1.25 point and a 4.403% APR and the 15 year mortgage rate at 3.625% with 1.50 points and a 3.932% APR.
Citibank mortgage rates jumped substantially on the 30 year and 15 year with the Citibank 30 year mortgage rate coming in at 4.625% with 0.125 points for a 4.779% APR and the 15 year mortgage rate moving to 4.125% with 0.125 points for an APR of 4.389%.
Wells Mortgage rates also moved more measurably on the 15 year as opposed to 30 with the 30 year rate closing the week at 4.25% with 1.0 point and a 4.403% APR and the 15 year mortgage rate ending at 3.625% with 1.0 point and a 3.891% APR.
US Bank mortgage rates had the slimmest increase in rates. The US Bank 30 year mortgage rate increased to 4.50% and no points with an APR at 4.564% and the 15 year inched up to 3.875% with no points and an APR of 3.985%.
The mortgage rates and points listed from the top five bank mortgage lenders are current as of the survey date, November 12th, 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.
Bank Mortgage Lender Rates November 11, 2010
Bank mortgage lenders raised their rates modestly midweek. The average rate on the 30 year fixed rate loan and 15 year fixed rate loan was higher at the close of Tuesday compared to the end of the week on November 5th.
The average 30 year fixed rate mortgage from the top five bank mortgage lenders closed Tuesday at 4.35 percent up from Fridays close of 4.225 percent while the average 15 year mortgage rate from the top five bank mortgage lenders moved up to 3.725 percent from 3.625 percent at week’s end.
Points charged by the bank mortgage lenders remained unaltered. The average points charged for the 30 year mortgage remained at 0.55 points and the average points charged on the 15 year held at 0.45 points.
The bank mortgage rates surveyed were collected on the close of business on Wednesday November 10th. These rates and points are collected directly from the bank lenders and should reflect what a consumer should be offered from that lender. Note – mortgage rates change daily and are influenced by a variety of factors including the loan amount, the borrower’s credit profile, down payment amount and geographic location.
The current bank mortgage rates tracked by Findlocalmortgagerates.com from the top five bank mortgage lenders on November 10th included the following 15 year and 30 year mortgage rates, points and APR’s:
Wells Mortgage rate on the 30 year is 4.125% with 1.0 point and a 4.277% APR and the 15 year rate is 3.375% with 1.0 point and a 3.639% APR.
Citibank mortgage rates for the 30 year mortgage was at 4.50% with 0.25 points for a 4.675% APR while the 15 year mortgage rate moved to 4.00% with 0.125 points for a 4.263% APR.
Chase Mortgage rate for a 30 year loan is 4.50% and 0.125 points for a 4.566% APR and the 15 year mortgage rate is 3.875% with no points for a 3.969% APR.
US Bank mortgage rates on the 30 year is 4.375% and no points for a 4.439% APR and 3.75% with no points with an APR of 3.860% for the 15 year term loan.
Bank of America mortgage rates on a 30 year mortgage came in at 4.25% with 1.0 point and a 4.378% APR and the Bank of America 15 year mortgage rate came in at 3.625% with 1.125 points and a 3.870% APR.
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
Bank Mortgage Rates November 8, 2010
Bank mortgage rates showed a modest decrease for the week ending November 5th, 2010. Mortgage rates from the top five bank mortgage lenders closed lower for both the 30 year fixed rate home loans and 15 year fixed rate loan.
The 30 year fixed rate mortgage from the top bank mortgage lenders closed the week at 4.225 percent while the 15 year mortgage rates dropped down to 3.625 percent at week’s end.
The average points charged by the banks were moderately higher for the 30 year and just a fragment lower on the 15 year mortgage.
The average points charged by the bank mortgage lenders on the 30 year were 0.55 points. The average points charged on the 15 year was 0.45.
The lowest of the mortgage rates today on the 30 year came from Wells Mortgage with a rate of 4.00 percent and 1.0 point. Wells Mortgage rate on the 15 year was also the low 15 year rate for the week at 3.25 percent with 1.0 point.
The current bank mortgage rates tracked by Findlocalmortgagerates.com from the top five bank mortgage lenders for the week ending November 6th included the following 15 year and 30 year mortgage rates, points and APR’s:
As stated above, Wells Mortgage rates on the 30 year is 4.00% with 1.0 point and a 4.151% APR and the 15 year mortgage rate was 3.25% with 1.0 point and a 3.514% APR.
Chase Mortgage rates dropped measurably on the week. The Chase mortgage rate for a 30 year loan moved down to 4.375% and 0.375 points for a 4.462% APR and the 15 year dipped to 3.875% with no points for a 3.969% APR.
Bank of America mortgage rates were modestly lower for the 30 year and appreciably lower on the 15. The Bank of America 30 year mortgage rate came in at 4.125% with 1.125 point and a 4.249% APR while the Bank of America 15 year mortgage rate was 3.375% with 1.125 points and a 3.596% APR.
US Bank mortgage rates dropped for 30 year and stayed pat on the 15. The US Bank 30 year mortgage rate was 4.25% and no points with an APR at 4.313% and the 15 year held at 3.75% with no points and an APR of 3.860%.
Citibank mortgage rates were lower on both terms. The Citibank 30 year mortgage rate was knocked down to 4.375% with 0.25 points for a 4.549% APR and the 15 year Citibank mortgage rate moved to 3.875% with 0.125 points for an APR of 4.137%.
The mortgage rates and points listed from the top five bank mortgage lenders are current as of the survey date, November 5th, 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 APRsincluded 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 FHA Mortgage Rates November 3rd, 2010
FHA mortgage rates from the top FHA bank mortgage lenders moved lower mid week. FHA mortgage rates today started moving back down after the midterm election results and the Fed comments on monetary easing. The average rate on a 30 year FHA mortgage rate from the top 5 bank mortgage lenders was lower by five basis points or 5/100’s of a percent. The average FHA mortgage rate closed November 3rd, 2010 at 4.25 percent.
The average origination points charged to obtain the bank mortgage lender to obtain the rates moved slightly higher. The average points charged on the 30 year FHA mortgage was 0.70 points, up from 0.65 points in the previous week.
Mortgage backed security prices, which move in the inverse direction of mortgage rates, were up 6/32 at the close of day. The result of rising prices is lower mortgage rates. Minor changes in mortgage backed securities such as this can be quickly reversed when the market opens; however, these changes in mortgage backed security prices lead to only small changes in mortgage rates.
The top five bank FHA mortgage lenders in the survey of FHA mortgage rates put forward the following 30 year mortgage rates, points and APRs for November 3rd, 2010:
Wells Mortgage FHA mortgage rate dipped down to 4.125% and 1.0 point for a 4.361% APR on the 30 year loan.
Bank of America FHA mortgage rate tumbled .25% to 4.00% with 0.75 points and a 4.099% APR on the 30 year home loan.
US Bank mortgage rates on a 30 FHA loan went in the wrong direction and increased slightly to 4.375% with no points and a 4.879% APR.
SunTrust mortgage FHA loan rate was unchanged at 4.125% with 1.75 points for an APR of 4.823%.
HSBC Mortgage FHA rate for a 30 year term was also unchanged at 4.625% with no points and a 4.804% APR.
The FHA mortgage rates, points and APRs listed from the bank mortgage lenders in the weekly survey are for owner occupied single family properties in California with a loan amount of approximately $250,000.00. The bank FHA mortgage rates listed are current as of this publication date but are subject to change by the mortgage lenders at anytime.
All mortgage loans require bank approval, additional conditions and some restrictions may apply which may also alter the mortgage rates, points and APR offered by the mortgage lenders on specific loan requests.
Bank Mortgage Rates November 1st, 2010
Mortgage rates from the top five bank mortgage lenders were pushed up for the week ending November 1, 2010. Though mortgage market rates were higher, the rate changes form the top bank mortgage lenders were relatively mild. The secondary market for mortgage backed securities changed very little during the week resulting in only modest changes in bank mortgage rates and the points charged.
The 30 year fixed rate mortgage gave back the rate reduction of the previous week and closed once again at 4.425 percent. The average points charged by the bank mortgage lenders in the survey were also higher, rising to an average of 0.475 points.
The average 15 year mortgage rate was up only slightly. The average 15 year fixed rate mortgage from the top five bank mortgage lenders closed at 3.775 percent from 3.75 percent in the previous week. The average points charged on the 15 year term home loan remained at 0.475.
The current bank mortgage rates tracked by Findlocalmortgagerates.com from the top five bank mortgage lenders for the week ending October 29th included the following 15 year and 30 year mortgage rates, points and APR’s:
Wells Mortgage rates were up by and 1/8th of a percent for both the 30 year mortgage rate and 15 year mortgage rate. The Wells 30 year mortgage rate moved up to 4.125% with 1.0 point and a 4.277% APR and the 15 year mortgage rate increased to 3.375% with 1.0 point and a 3.639% APR.
Chase Mortgage rates were mixed on the week. The 30 year Chase mortgage rate increased to 4.625% and 0.125 points for a 4.691% APR and the 15 year held at 4.00% with the points charged rising modestly to 0.125 points for a 4.113% APR.
Bank of America mortgage rates were unchanged, however the points charged by the bank to obtain these rates increased by an 1/8th. The Bank of America 30 year mortgage rate came in at 4.25% with 1.125 point and a 4.409% APR while the Bank of America 15 year mortgage rate was 3.625% also with 1.125 point and a 3.901% APR.
US Bank mortgage rates for the 30 year dipped down while the 15 remained unchanged. The US Bank 30 year mortgage rate closed the week at 4.50% and no points for a 4.564% APR and the 15 year remained at 3.75% with no points and an APR of 3.860%.
Citibank mortgage rates were unchanged but the points charged increased on the 30 year and fell for the 15 year. Citibank’s 30 year mortgage rate remained at 4.625% with 0.125 points for a 4.779% APR and the 15 year mortgage rate coming held at 4.125% with the points dropping to 0.125 points for an APR of 4.389%.
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.
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.
FHA Mortgage Rates October 20, 2010
FHA mortgage rates from the top five bank mortgage lenders remained unchanged mid week. The average 30 year FHA mortgage rate in the Findlocalmortgagerates.com bank mortgage rate survey performed on October 20th remained at 4.30 percent. This is the same rate found in the survey one week ago on October 15.
The average loan points charged by the top five bank mortgage lenders fell for the week by just over 20 basis points or 20/100 of a percent. The average points charged to obtain the 4.30 percent FHA mortgage rate was 0.65 points leading an average loan APR of 4.642 percent.
Mortgage rates headed higher at the end of last week, but as this week started to unfold, Treasury rates and mortgage rates gave back some of their gains in yield. By the close of Wednesday, FHA mortgage rates had come right back down to where they were on the previous Wednesday.
The top five bank FHA mortgage lenders in the survey of FHA mortgage rates put forward the following 30 year mortgage rates, points and APRs for October 20, 2010:
Wells Mortgage FHA mortgage rate was unaltered with a rate of 4.25% and 1.0 point and a 4.488% APR on the 30 year term loan.
Bank of America FHA mortgage rate for the 30 year held steady at 4.25% with 0.625 points and an APR of 4.356% on the 30 year home loan.
SunTrust mortgage FHA loan rate remained at 4.125% with the points charged falling to 1.625 point for a 4.812% APR.
US Bank mortgage rates on a 30 FHA loan followed the leaders and stayed at 4.25% with no points and a 4.75% APR.
HSBC Mortgage FHA rate also refused to budge with rate of 4.625% with no points and a 4.804% APR.
The FHA mortgage rates, points and APRs listed from the bank mortgage lenders in the weekly survey are for owner occupied single family properties in California with a loan amount of approximately $250,000.00. The bank FHA mortgage rates listed are current as of this publication date but are subject to change by the mortgage lenders at anytime.
All mortgage loans require bank approval, additional conditions and some restrictions may apply which may also alter the mortgage rates, points and APR offered by the mortgage lenders on specific loan requests.
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.
Bank FHA Mortgage Rates October 15, 2010
FHA mortgage rates increased modestly at the close of Friday, October 15. Long term bond rates moved higher towards the end of the week including the rats on mortgage backed securities, which drove mortgage rates higher. Mortgage rates closed the week moderately higher for both conforming loans as well as FHA mortgage loans.
With FHA mortgage rates continuing to hover close to conforming loan rates but remaining easier to qualify for, FHA mortgage rates have been a top choice for consumers looking to purchase a new home and refinance to a lower mortgage interest rate.
The average 30 year FHA mortgage rate increased by 2.5 basis points, bringing the average mortgage rate up to 4.30 percent. The average points charged by the top five bank mortgage lenders rose to 0.875 points and the average APR ended the week at 4.661 percent.
Mortgage insurance and FHA fees often make closing costs on an FHA mortgage loans higher than the costs of conforming loans which makes the APR on the FHA loan greater than that of a similar term and rate conforming loan.
FHA home loans are available for first time buyers as well as other home buyers or existing homeowners looking to refinance their home loan.
The top five bank FHA mortgage lenders in the survey of FHA mortgage rates put forward the following 30 year mortgage rates, points and APRs for October 15, 2010:
Wells Mortgage FHA mortgage rate on a 30 year loan is 4.25% and 1.0 point and a 4.488% APR.
Bank of America FHA mortgage rate is 4.25% with 1.25 points and an APR of 4.406% on the 30 year term loan.
SunTrust mortgage FHA loan rate is 4.125% with 2.125 point and an APR at 4.858% for the 30 year 30 mortgage.
US Bank mortgage 30 FHA mortgage rate is 4.25% with no points and a 4.75% APR.
HSBC Mortgage FHA loan rate for a 30 year loan is at 4.625% with no points and a 4.804% APR.
The FHA mortgage rates, discount points and APRs listed from the bank mortgage lenders are for owner occupied single family properties in California with a loan amount of approximately $250,000.00. The bank FHA mortgage rates listed are current as of this publication date but are subject to change.
All mortgage loans require bank approval, additional conditions and some restrictions may apply which may also alter the mortgage rates, points and APR offered by the mortgage lender on specific loan requests.
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.
Ohio Mortgage Rates September 28, 2010
A snapshot of bank mortgage lenders in Ohio and Ohio mortgage rates.
With Mortgage rates holding at all time low levels, potential homeowners and existing homeowners should be comparing rates to find out the benefits of homeownership or the savings with a mortgage refinance. Since a mortgage loan is the biggest financial obligation most individuals will incur, it only makes sense to shop and compare rates.
Each week, Findlocalmortgagerates.com surveys the top five bank mortgage lenders in the nation and the top FHA mortgage lenders to provide a snapshot of mortgage rates and terms available. Periodically, we produce a snapshot of mortgage rates in a specific sate. Today, we highlight mortgage rates and bank mortgage lenders in Ohio.
Though, home loan underwriting or loan approvals have become considerably more stringent, most bank mortgage lenders will prequalify a borrower for little or no charge. Existing homeowners, regardless of how long they have owned their home, may be eligible for a refinance in Ohio at todays near record low mortgage rates.
Today’s Ohio mortgage rates survey includes the home loan rates from Third Federal Savings and Loan, mortgage rates offered by Huntington Bank’s Huntington mortgage division and mortgage rates from Ohio Valley Bank.
Huntington Bank offers a 30 year mortgage rate in Ohio at 4.00% with 1.0 point and a 4.251% APR. The 15 year mortgage rate from Huntington Mortgage is at 3.50% and 1.0 point for a 3.964% APR.
Ohio Valley Bank offers a 30 year mortgage rate in Ohio at 4.375% with no points and a 4.448% APR. The 15 year Ohio mortgage rate from Ohio Valley Bank is at 3.75% with no pints and an APR at 3.876%.
Third Federal Savings and Loan Ohio mortgage rates includes the 30 year loan at 4.39% with zero points and a 4.481% APR and a 15 year mortgage loan with an interest rate of 3.89% with zero points and an APR of 4.048%.
For the bank mortgage rates listed, one point is equivalent to 1% of the loan amount. The mortgage interest rates, annual percentage rate (APRs) and discount points shown from Ohio mortgages are subject to change without notice.
The listed Ohio mortgage rates assume a 20% down payment. Down payment, credit, property value as well as property location are all factors that can determine the effective mortgage rate.
Mortgage rates in Ohio listed above are subject to change without notice. All loans are subject to credit approval and bank lender underwriting.
Other loan terms and pricing options are available from these bank mortgage lenders.
Huntington Bank can be reached at 1-800-562-6871.
Ohio Valley Bank which offers mortgages, home equity, construction, auto, and personal loans can be reached at 1-877-893-2265.
Third Federal Savings and Loan has 22 full service branches in Northeast Ohio, eight lending offices in Central and Southern Ohio, and 17 full service branches throughout Florida and can be reached at1-800-844-7333.
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.