Chase Mortgage Rates August 5th, 2010
Finding the best mortgage rate often involves reviewing the mortgage rates from the largest bank mortgage lenders. Findlocalmortgagerates.com reviews the top five bank mortgage lenders weekly and includes in depth reviews of the mortgage rates from the largest banks weekly. Today’s mortgage rates are from the largest U.S. based bank, Chase Bank. In general, Chase mortgage rates this week are lower across almost all loan products.
The Chase Mortgage rates listed are for loans with a minimum 20% down payment with borrowers that have excellent credit. Mortgage rates will vary based qualifications attributes of the borrowers as well as property type, property value and loan amount. Chase mortgage rates will also vary based on geographic region. The current Chase Mortgage rates listed are for the state of Pennsylvania.
The Chase Mortgage rates on a 30 year is at 4.75% with no points and a 4.806% APR.
The 30 year mortgage rate from Chase Bank with 1.125 points brings the mortgage rate in PA down to 4.50% and a 4.652% APR.
The 15 year mortgage rate is at 4.25% with no pints with an APR of 4.345%.
A 15 year fixed rate loan from Chase Mortgage with 1.125 points has a mortgage rate of 4.00% and a 4.263% APR.
The Chase Mortgage 5/1 adjustable rate mortgage which has an initial mortgage rate fixed for five years has a mortgage interest rate of 3.50% with .25 points and a 3.410% APR.
A 30 year jumbo loan Chase Mortgage rate for a loan in the amount of $500,000.00 would have a mortgage rate of 5.125% and .50 points for a 5.198% APR.
A 5/1 ARM jumbo loan can be had with a mortgage rate as low as 4.00% and .25 points resulting in a 3.562% APR.
The fixed rate 15 year term loan, 30 year term loan and 30 year jumbo loan have fixed rates with fixed principal and interest payments over the life of the loan while the adjustable rate loans (ARMs) have interest rates that adjust periodically to reflect changes in a specific financial index.
While these Chase mortgage rates are for PA a quick check of Chase mortgage rates in Illinois indicates that the 30 year Chase mortgage rate and 15 year Chase mortgage rate in Illinois will have an increase of .125 points above the 15 year an 30 year loan listed above. For Chase mortgage rates in Florida, the cost was another .125 points higher or .25 above the Chase Mortgage rates in PA. Chase mortgage rates in CA matched those found in Florida for the 30 year and 15 year term home loans.
Chase Mortgage rates listed are current as of August 5th, 2010 but are subject to change at anytime. All home loans and mortgage rates require mortgage lender approval.
To find additional information on Chase Mortgage loan products and Chase Mortgage rates a mortgage representative can be reached at 1-800-873-6577
Bank mortgage rates in the weekly Findlocalmortgagerates.com nationwide home loan rates survey includes; Bank America mortgage rates, Wells Fargo Mortgage Rates, Chase Mortgage rates, Citibank Mortgage rates and US Bank mortgage rates.
Top Five Bank Mortgage Rates June 28, 2010
Mortgage rates from the top five bank mortgage lenders fell for the week ending June 25, 2010. The average rate from the top five bank mortgage lenders fell by 2.5 basis points at the end of the week, pushing the 30 year mortgage rate down to 4.775%. The average 15 year fixed rate mortgage was unchanged at 4.175%.
The average 30 year mortgage rate ended the week at 4.775% with 0.60 points and an APR of 4.917%.
The average 15 year mortgage rate ended the week at 4.175% with 0.40 points and an APR of 4.468%.
Based on the most recent survey of mortgage rates performed by Findlocalmortgagerates.com, rates from all five bank mortgage lenders were down with the exception of the mortgage rates from Chase Mortgage which edged up slightly.
The individual results from the mortgage lenders in the mortgage rate survey included the following rates, points and APRs:
Chase Mortgage rate on the 30 year fixed rate home loan is 5.125% with 0.25 points and a 5.204% APR.
The Chase Mortgage rate on the 15 year fixed rate home loan has a rate of 4.500% with .125 points and an APR of 5.092%.
Bank of America mortgage rate for a 30 year home loan is 4.625% with 1.25 points and an APR of 4.784%.
The Bank of America 15 year mortgage rate is 4.00% with 0.875 points and an APR of 4.216%.
Citibank mortgage rate for a 30 year fixed home loan is 4.750% with 0.50 points and a 4.972% APR.
The Citibank mortgage rate for a 15 year fixed home loan has a rate of 4.25% with no points and a 4.477% APR.
Wells Fargo mortgage rate for the 30 year is 4.625% and 1.0 point and an APR of 4.812%.
Wells Fargo mortgage rate on the 15 year fixed is at 3.875% with 1.0 point and a 4.195% APR.
US Bank mortgage rate for a 30 year fixed rate home loan is 4.75% and no points with a 4.815% APR.
US Bank has a 15 year mortgage rate at 4.250% and no points with a 4.361% APR.
The bank mortgage lender rates listed as well as the points and APRs are subject to change and may vary depending on the credit, income, assets and property being purchased by the borrower.
Mortgage rates listed are believed to be accurate and current as of the date of this publication. Mortgage interest rates are not guaranteed. All mortgage loans are subject to bank approval.
The mortgage rates, points and APRs in the Findlocalmortgagerates.com mortgage survey are for a home loan of between $200,000.00 and $275,000.00 on a single family owner occupied home with a minimum 20% down payment.
The bank mortgage lenders listed offer a variety of additional home financing options to help find the loan that best fits a borrowers needs. For more information on these mortgage rates, the bank mortgage lenders listed can be reached directly at the following numbers:
Chase Bank 800-873-6577
Bank of America 888-233-4124
Citibank 800-667-8424
Wells Fargo 877-937-9357
US Bank 888-831-7524
Mortgage Rates in NJ May 28, 2010
One of the best starting points for mortgage rate shopping is to compare the rates offered by the some of the largest mortgage lenders with the local mortgage lenders. This allows the prudent mortgage shopper to quickly compare mortgage rates and programs before narrowing the loan search down to a specific mortgage lender.
To compare mortgage rates in New Jersey, Findlocalmortgagerates.com has reviewed the 30 year mortgage rates from two of the largest bank mortgage lenders, Chase Bank and US Bank, with two of the larger bank mortgage lenders based in NJ, Spencer Savings Bank and Sun National Bank.
The results of the survey for NJ mortgage rates on May 28, 2010 area as follows:
Sun National Bank offers a 30 year fixed mortgage rate in NJ at 5.00% with zero points and an APR of 5.029%. A 15 year fixed rate home loan from Sun National Bank has a mortgage rate of 4.375% with no points and a 4.425% APR.
Spencer Savings Bank offers the 30 year fixed in NJ with a mortgage rate of 4.875% with zero points and a 4.882% APR. The 15 year in NJ from Spencer has a mortgage rate of 4.25% with no points and an APR of 4.263%
Chase Mortgage offers a 30 year mortgage rate in NJ at 5.00% with .25 points and a 5.079% APR. A 15 year fixed rate home loan in NJ from Chase has a rate of 4.375% with .25 points and APR of 4.508%.
US Bank promotes the 30 year loan with a rate of 4.875% and no points with a 4.941% APR. The 15 year mortgage rate in NJ from US Bank is at 4.25% with no points and a 4.361% APR.
A 15 year fixed rate mortgage offers the borrower the ability to own their home free and clear in 15 years. Although the monthly mortgage payments will be higher than a 30 year home loan, the interest rate on the 15 year mortgage is running slightly more than .50% lower than the 30 year for the mortgage rates in New Jersey listed and a borrower will end up paying less than half the total interest cost of the traditional 30 year mortgage.
Conforming 30 year fixed rate home loans have no prepayment penalties and a borrower can accelerate the payments at anytime to reduce the balance and pay off the loan earlier than the original maturity date and use the lower initial payments to budget their savings, expenses and equity appreciation better.
The points charged by some of the mortgage loans listed are equal to one percent of the loan amount. The borrower will pay the points at the loan closing usually in exchange for a lower mortgage interest rate over the term of the home loan. The points charged will generally result in greater total closing costs; in exchange the borrower will have lower monthly payments over the term of the loan.
Mortgage rates listed on this page are the current rates for a single-family, primary residence with a 20% or greater down payment. Individual mortgage rates may vary according to different property and loan characteristics such as credit and income of the borrower. Mortgage rates are subject to change without notice and all mortgage loans are subject to bank or lender approval.
The bank mortgage lenders in New Jersey listed can be reached at the following numbers:
Spencer Savings Bank 800-363-8115.
Spencer Savings Bank has been doing business in New Jersey for more than 70 years and has 18 bank branches in the Garden state.
Sun National Bank 800-786-1677.
Sun National Bank is headquartered in Vineland and has 70 bank branches throughout Jersey.
Chase Bank mortgage department can be reached at 800-873-6577.
US Bank mortgage representatives can be reached at 800-365-8544.
To view information for Chase Bank certificate of deposit rates, US Bank certificate of deposit rate or CD rates in New Jersey please visit our affiliate web site Selectcdrates.com and view the following pages: Chase Bank CD rates, US Bank CD rates or New Jersey CD rates.
Bank Mortgage Lenders Rates May 24, 2010
The overall cost to obtain a 30 year fixed rate home loan was down slightly for the week ending May 21, 2010. The average 30 year mortgage rate form the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com was unchanged at 4.85% while the average points charged to secure this rate was down five basis points or 5/100 of a percent to end the week at 0.60 points.
The overall cost to obtain a 15 year fixed rate home loan moved in the opposite direction and increased by a small margin for the week. The average 15 year mortgage rate was also unchanged at 4.225% while the points charged by the top five mortgage lenders increased by 7.5 basis points to close the week at 0.70 points on average.
This week’s mortgage rate survey results:
30 year mortgage rate average 4.85% with 0.60 points.
15 year mortgage rate average 4.225% with 0.70 points.
Previous week’s mortgage rate survey results:
30 year mortgage rate average 4.85% with 0.65 points.
15 year mortgage rate average 4.225% with 0.625 points.
The weekly mortgage survey results once again closely parallels the rate changes in the Treasury market. Treasury rates were lower once again with the ten year Treasury rate falling significantly more than shorter term Treasury rates which corresponds with the reduction in costs for the 30 year mortgage while the 15 year was up just slightly.
The top five mortgage lenders in this week’s survey of the 30 year fixed rate mortgages continues to include the rates of Chase Mortgage, Wells Fargo Home Loans, Citibank, Bank of America and US Bank.
The mortgage rates for the 30 year mortgage and 15 year mortgage from the individual bank mortgage lenders, the points charged and APRs were as follows:
Chase Bank’s mortgage division offers the 30 mortgage rate at 4.875% with 0.375 points and a 4.964% APR.
Chase offers the 15 year mortgage rate at 4.25% with 0.50 points and an APR of 4.420%
Bank of America Home Loans has the 30 year fixed mortgage rate at 4.750% with 1.375 points and a 4.917% APR.
Bank of America’s 15 year mortgage rate is 4.125% with 1.50 points and an APR of 4.431%.
Citibank’s mortgage operation markets the 30 year mortgage rate of 4.875% with 0.25 points and a 5.054% APR.
Citibank promotes a 15 year fixed rate mortgage with a mortgage rate of 4.250% with 0.50 points and a 4.629% APR.
Wells Fargo Home Loans markets their 30 year fixed home loan with a mortgage rate of 4.875% and 1.0 point for a 5.065% APR.
While the Wells Fargo Home Loans 15 year fixed rate is at 4.25% with 1.0 point and a 4.573% APR.
US Bank has a 30 year fixed rate loan with a mortgage rate of 4.875% and no points with a 4.941% APR.
The US Bank 15 year term mortgage rate is 4.250% and no points with a 4.361% APR.
The mortgage rates, points and APRs listed are subject to change and may be different depending on the credit, income, assets and property being purchased by the borrower. The mortgage rates, points and APRs in the Findlocalmortgagerates.com mortgage survey are for a home loan of between $200,000.00 and $275,000.00 on a single family owner occupied home with a minimum 20% down payment. The 30 year fixed rate and 15 year fixed rate mortgage rates listed are believed to be accurate and current as of the date of this publication. Mortgage interest rates are not guaranteed.
The bank mortgage lenders listed offer additional mortgage loan options including additional mortgage rate and point options. For more information on these mortgage rates, the bank mortgage lenders listed can be reached directly at the following numbers:
Chase Bank 800-873-6577
Bank of America 888-233-4124
Citibank 800-667-8424
Wells Fargo 877-937-9357
US Bank 888-831-7524
For information on CD rates offerd by these banks, please visit our sister publication Selectcdrates.com and find Chase Bank CD rates, Citibank CD rates, Bank of America CD rates, US Bank CD rates as well as Wells Fargo CD rates.
Mortgage Rates in Ohio May 20, 2010
This week’s midweek mortgage rates survey is on 30 year fixed rate mortgages and 15 year fixed rate mortgages in Ohio. The mortgage rates listed come from two of the largest bank mortgage lenders based in Ohio, Third Federal Savings and FirstMerit Bank, as well as two of the largest bank mortgage lenders in the nation, Chase Bank and Bank of America.
These are mortgage rates for 15 and 30 year fixed rate home loans. A fixed rate mortgage has an interest rate that won’t change for the life of the loan which provides a secure fixed interest rate and payment.
The following mortgage rates in Ohio are for May 20, 2010.
Third Federal offers a 30 year fixed rate mortgage with a rate of 4.60% and no points with a 4.692% APR.
Third Federal offers the 15 year loan with a mortgage rate of 3.95% and no points and an APR of 4.108%.
The mortgage rates in Ohio are available with the bank’s automatic account payment program.
FirstMerit Bank has a 30 year fixed rate home loan with an interest rate of 4.75% with no points and a 4.829% APR.
FirstMerit’s 15 year mortgage rate in Ohio is at 4.125% with no points and 4.259% APR.
Bank of America Home Loans current 30 year mortgage rate in OH is 4.75% with 1.0 point and a 4.866% APR.
Bank of America promotes a 15 year mortgage rate at 4.125% and 0.875 points with a 4.306% APR.
Chase Bank mortgage rates in Ohio for a 30 year are at 4.875% with 0.25 points and a 4.953% APR while the 15 year mortgage rate is at 4.25% with 0.375 points and a 4.401% APR.
Listed Ohio mortgage rates assume a 20% down on a single family, owner occupied home. Mortgage rates for purchases with lower down payments and mortgage rates for refinance transactions are also available form these mortgage lenders.
The mortgage interest rates, annual percentage rates (APRs) and points shown are subject to change without notice.
Prospective borrowers can use the APRs listed as a guideline to shop for mortgage loans but borrowers should generally not depend solely on the APR in choosing the best home loan. The mortgage loan APR is an effective interest rate and not the actual interest rate that the loan payments are based on. The monthly mortgage payments will be based on the actual mortgage interest rate, the amount borrowed, and the term of the home loan.
These rates are for general comparisons, actual rates may vary best on down payment, credit, and property characteristics. For additional mortgage rate information from these lenders, the contact numbers are as follows:
FirstMerit Bank mortgage department number is 1-800-562-6694
Chase Mortgage can be reached at 1-800-873-6577
Bank of America Home Loans can be reached at 1-888-233-4124
Third Federal Savings customer service is available at 1-800-844-7333
Top Five Mortgage Lenders 30 Year Mortgage Rates May 17, 2010
The average 30 year fixed rate mortgage from the top five bank mortgage lenders in the U.S. fell measurably for the week ending May 14, 2010 based on the recent mortgage rate survey performed by Findlocalmortgagerates.com. This is the second consecutive week of significant interest rate reductions in the mortgage market.
Mortgage rates from the top five bank mortgage lenders closed the week with an average mortgage rate of 4.850%. The average origination and discount points charged to obtain that rate rose moderately to 0.65 points. In the previous week, the average 30 year mortgage rate stood at 5.00% with 0.475 points.
The 15 year fixed rate loan was also lower for the week but by a smaller margin. The average 15 year fixed rate mortgage from the top five mortgage lenders was 4.225% with 0.625 points, down from the previous week’s average 15 year mortgage rate of 4.375% and 0.375 points.
This week’s results were once again were driven by financial market uncertainty which had pushed investment funds into safe and secure investments such as Treasury bonds and mortgage bonds. During the week of May 10th to May 14th, the ten year Treasury bond yield dipped from 3.57% to 3.44%. This was a drop of 13 basis points or 13/100 of a percent which closely matches the drop found in the 30 year mortgage rate.
The top five mortgage lenders in this week’s survey of the 30 year fixed rate mortgages continues to include the rates of Chase Mortgage, Wells Fargo Home Loans, Citibank, Bank of America and US Bank.
The mortgage rates for the 30 year mortgage and 15 year mortgage from these individual mortgage lenders and the points charged were as follows:
Chase Bank Mortgage’s 30 mortgage rate is 4.875% with 0.375 points and a 4.964% APR.
The 15 year mortgage rate from Chase Home Mortgage is at 4.25% with 0.25 points and an APR of 4.383%
Bank of America Home Loans offers the 30 year fixed rate mortgage at 4.750% with 1.5 points and a 4.920% APR.
Bank of America Home Loan’s 15 year mortgage rate is 4.125% with 1.375 point and a 4.40% APR.
Citibank has a 30 year mortgage rate of 4.875% with 0.375 points and a 5.076% APR.
Citibank’s 15 year fixed rate mortgage is at 4.250% with 0.50 points leading to a 4.629% APR.
Wells Fargo Home Loans has a 30 year fixed mortgage with a rate of 4.875% and 1.0 point for a 5.065% APR.
The 15 year fixed rate mortgage at Wells is at 4.25% with 1.0 point and a 4.573% APR.
US Bank’s 30 year fixed rate home loan comes with a mortgage rate of 4.875% and no points with a 4.941% APR.
A 15 year term mortgage at US Bank has a mortgage rate of 4.250% and no points with a 4.361% APR.
The mortgage rates, points and APRs listed are subject to change and may be different depending on the credit, income, assets and property being purchased by the borrower. The mortgage rates, points and APRs in the survey are for a home loan of between $200,000.00 and $275,000.00 on a single family owner occupied home with a minimum 20% down payment. The 30 year fixed rate and 15 year fixed rate mortgage rates listed are believed to be accurate and current as of the date of this publication. Mortgage interest rates are not guaranteed.
The bank mortgage lenders listed offer additional mortgage loan options including additional mortgage rate and point options. For more information on these mortgage rates, the bank mortgage lenders listed can be reached directly at the following numbers:
Chase Bank 800-873-6577
Bank of America 888-233-4124
Citibank 800-667-8424
Wells Fargo 877-937-9357
US Bank 888-831-7524
Mortgage Rate Survey April 27, 2010
Mortgage rates moved mostly sideways during the past week based on the most recent survey of mortgage rates performed by Finidlocalmortgagerates.com. The average rate on a 30 year fixed rate home loan came in at 5.10% which is down from the prior week’s average 30 year fixed rate of 5.125%. While the base mortgage rate was down, the points charged to obtain this rate was up slightly. The average points charged on a 30 year fixed rate loan moved up from 0.375 points in the previous week to 0.500 points for the current week.
The average rate on the 15 year fixed rate home loan displayed a similar split in rate and point movement with the rate falling and the points charged increasing, though the rate decrease on the 15 year was more pronounced than that of the 30 year. The average 15 year fixed rate home loan came in at rate of 4.45% which is down from last week’s average rate of 4.60%. The points charged on average for the 15 year fixed rate loan was up modestly from 0.40 points to 0.45 points.
The top five mortgage lenders in this week’s survey included Chase Mortgage, Wells Fargo Home Loans, Citibank, Bank of America and US Bank. These bank mortgage lenders are also the five largest banks in the U.S. based on assets. The following data contains the results of the survey for these mortgage lenders on the 15 year and 30 year home loan products.
Chase Bank Mortgage offers the 30 year fixed at 5.250% and no points with a 5.307% APR. The 15 year fixed rate home loan from Chase is at 4.625% with no points and a 4.721% APR.
Bank of America Home Loans has the 30 year at 5.000% with 1.0 point and a 5.136% APR. The 15 year at B of A is at 4.250% and 1.25 points with a 4.518% APR.
Citibank markets the 30 year is 5.125% with 0.50 points and an APR of 5.386%. Citibank markets the 15 year with a mortgage rate of 4.625% and no points resulting in a 4.910% APR.
Wells Fargo home Loans is offering the 30 year at 5.000% and 1.0 point for a 5.191% APR and the 15 year at 4.250% with 1.0 point and a 4.573% APR.
US Bank has a 30 year fixed home loan at 5.1250% and no points with a 5.192% APR while the 15 year at US Bank is at 4.250% with no points and a 4.612% APR.
Many other mortgage loan options are available from these mortgage lenders including additional rate and point options for the loan types listed. The loan rates listed are for home purchase transactions, refinance rates may vary from purchase rates.
The mortgage rates, points and APRs listed are subject to change. The mortgage rates, points and APRs in the survey are for a home loan of between $200,000.00 and $275,000.00 on a single family owner occupied home with a minimum 20% down payment. These mortgage rates are believed to be accurate and current as of the date of this publication. Mortgage interest rates are not guaranteed.
For additional information on these mortgage rates, the mortgage lenders can be reached directly at the following numbers:
Chase Bank 800-873-6577
Bank of America 888-233-4124
Citibank 800-667-8424
Wells Fargo 877-937-9357
US Bank 888-831-7524
Jumbo Mortgage Rates April 26, 2010
Jumbo mortgage rates were a mixed bag in this week’s survey of jumbo home loan rates performed by Findlocalmortgagerates.com. The average rate on a jumbo mortgage ended the week at 5.650 percent with 0.664 points. Jumbo rates are for loan amounts exceeding $417,000.
Survey results from the individual bank mortgage lenders for jumbo loan rates included:
Chase Mortgage is offering a 30 year fixed rate jumbo loan at 6.125% with no points and an APR of 6.155%. This rate is unchanged from previous week.
Bank of America’s jumbo home loan mortgage rate is 5.500% with 1.125 point resulting in a 5.627% APR. The mortgage rate is unchanged while the points charged increased by 0.125 points.
Wells Fargo Home Mortgage 30 year fixed rate jumbo loan has a mortgage rate of 5.500% and 1.0 point with an APR of 5.643%. The Wells Home Mortgage jumbo rate is Unchanged from the prior week.
US Bank has a jumbo loan with a 30 year term that has a mortgage rate of 5.375% and 1.0 point and a 5.534% APR. This mortgage rate is lower by 0.125% from last week’s rate.
GMAC Mortgage 30 year jumbo loan has a mortgage rate of 5.750% and 0.195 points and an APR of 5.7894%. GMAC Mortgage rate is 0.125% lower than the prior weeks rate offer as well.
The listed mortgage rates are for jumbo loan amounts of approximately $500,000.00 with a 20% down payment for a single family, owner occupied home. If the down payment is less than 20%, mortgage insurance may be needed on the loan. The cost of mortgage insurance could increase the monthly payment and the APR of the loan.
Mortgage rates published are current as of this publication date. Mortgage interest rates are subject to change, and closing costs depend on state regulations and on the individual mortgage loan qualifications. Many other mortgage options with varying rate and points are available from these lenders.
For additional information on the mortgage rates listed, these bank mortgage lenders can reached at the following contact numbers:
Chase Mortgage 800-873-6577
Bank of America 800-990-6248
Wells Fargo Home Mortgage 877-937-9357
GMAC Mortgage 877-941-4622
US Bank 888-831-7524