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.
MA Mortgage Rates July 6, 2010
Obtaining the best mortgage and best mortgage rate in MA from local mortgage lenders can be simplified by comparing the mortgage rates in Massachusetts from the top bank mortgage lenders across the nations with the top local bank mortgage lenders.
Findlocalmortgagerates.com has surveyed the mortgage rates from two of the largest banks based in Massachusetts as well as two of the largest banks in the U.S. The MA bank mortgage lenders in the survey includes Rockland Trust Company which is the third largest Massachusetts based bank and Middlesex Savings Bank the fourth largest Massachusetts based bank. The biggest national bank mortgage lenders in the survey are Chase Bank and Wells Fargo.
Potential home loan borrowers in the Bay State can compare different loans by the annual percentage rate as well as the stated rate to find the best mortgage loan to meet their needs. Some Massachusetts mortgage lenders will offer loans with a low stated rate, but charge more upfront costs that will then be reflected in the APR. The mortgage loan APR includes most closing costs including origination points and fees and allows the mortgage shopper to compare these different mortgage loans offers.
Middlesex Savings Bank offers a 30 year fixed rate home loan in MA with a mortgage rate of 4.625% with no points and a 4.67% APR. Middlesex Savings Bank offers the 15 year mortgage at 4.50% and zero points for a 4.54% APR. A 30 year jumbo mortgage in MA from Middlesex Savings Bank is at 5.99% and no points for an APR of 6.02%.
Rockland Trust Company promotes the 30 year mortgage in MA with a rate of 4.25% and 1.0 point for an APR of 4.390%. The 15 year fixed rate home loan from Rockland is at 3.75% with 1.5 points and a 4.06% APR. Rockland offers a 20 year jumbo loan in Massachusetts with a mortgage rate of 4.99% and .50 points and a 5.10% APR.
Chase Bank mortgage rates in Massachusetts includes a 30 year fixed rate home loan with a rate of 5.125% and no points and an APR of 5.18%, a 15 year fixed with a mortgage rate of 4.50% with .25 points and a 4.63% APR as well as a jumbo mortgage rate in MA at 5.625% and .125 points resulting in a 5.665% APR.
Wells Fargo mortgage rates in MA include the 30 year with a rate of 4.50% and 1.0 point and a 4.686% APR, a 15 year fixed rate mortgage at 3.875% and 1.0 point with a 4.195% APR and a 30 year jumbo mortgage rate in MA from Wells Fargo is at 5.50% and 1.0 point for a 5.643% APR.
The annual percentage rates (APR) shown here assume a 20% down payment on a single family, owner occupied property. All mortgage interest rates, APRs, and points are subject to bank approval and may change without notice.
The mortgage rates in MA posted are accurate as of this publication date but may vary depending on specific attributes of an individual loan request. For current MA mortgage rates and additional loan information potential borrowers should speak directly with a bank loan officer.
Middlesex Savings Bank has 31 bank branches and 5 business-lending centers in Massachusetts and can be reached at 877-672-7654.
Rockland Trust Company has 70 bank branches, 10 commercial lending centers, four mortgage banking centers, and three investment management offices located in Massachusetts and can be reaches at 800-222-2299.
Chase Bank mortgage department is at 1-800-873-6577.
Wells Fargo mortgage representatives can be reached at 877-937-9357.