Top Bank Mortgage Rates July 5, 2010
30 year mortgage rates from the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com were unchanged for the week while the points charged to obtain the rate dropped modestly. For the shorter, 15 year term home loan, the average rate increased marginally as did the average points charged.
The average mortgage rate in the survey for the 30 year term loan closed the week at 4.775% with 0.425 points. The drop in points pushed the average APR for the 30 year down from 4.917% last week to 4.906% in the current week. The 15 year mortgage rate ended at 4.20% with .50 points up from last week’s average rate and points of 4.175% and .40 points.
Results from the mortgage rate survey included the following rates, points and APRs from the individual bank mortgage lenders.
The Chase Mortgage rate for the 30 year home loan is 5.00% with 0.375 points with a 5.090% APR. The 15 year mortgage rate from Chase is at 4.500% with .125 points and an APR of 4.615%.
Bank of America mortgage rate is 4.75% with 1.0 point and an APR of 4.906% for a 30 year mortgage loan and 4.125% with 1.125 points with a 4.411% APR for the 15 year maturity.
Citibank mortgage rate is 4.875% with 0.125 points and a 5.031% APR on a 30 year and 4.25% with .25 points and a 4.533% APR for the 15 year fixed rate mortgage.
Wells Fargo mortgage rate for the 30 year is 4.625% and 1.0 point and an APR of 4.812% and the 15 year fixed rate mortgage from Wells Fargo is at 4.00% with 1.0 point and a 4.321% APR.
US Bank mortgage rate is 4.625% with no points and a 4.69% APR for a 30 year fixed rate home loan and 4.125 with no points and a 4.236% APR on the 15 year term home loan.
The bank mortgage lenders listed offer a variety of additional home financing options including FHA mortgage loans, adjustable rate mortgages, jumbo loans and more. These mortgage rates are listed for information purposes to help consumers find local mortgage rates that best fit their needs.
Bank mortgage rates are current as of this publication date but subject to change. All mortgage loans are subject to bank approval.
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.
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.
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
Top Five Bank Mortgage Lender Rates June 14, 2010
Bank mortgage rates were up just slightly for the week ending June 11, 2010. The average mortgage rate from the top five bank mortgage lenders survey by Findlocalmortgagerates.com showed an increase in rate for the 15 year term home loan with a reduction in points charged while the average 30 year fixed rate home loan was unchanged with regards to the rate but increased for the average points charged.
The results of the survey this week:
30 year mortgage rate average is 4.85% with .575 points compared to last week’s average rate of 4.85% with .375 points.
The 15 year mortgage rate is 4.30% with .475 points as compared to the previous week’s average rate of 4.25% and .575 points.
Considering a mortgage loan is often the largest financial decision consumers will face. Reviewing the current mortgage rates and products available from the largest mortgage lenders is an important step to find an option that is right for your financial situation. Whether someone is just starting the home buying process, preparing to buy a new home or looking to refinance their current mortgage loan, reviewing the current mortgage rates from the largest bank mortgage lenders is a great starting point.
The top five bank mortgage lenders in the mortgage rate survey included Chase Mortgage, Wells Fargo Home Loans, Citibank, Bank of America and US Bank.
The 30 year mortgage rate and 15 year mortgage rate as well as the points charged and APRs from the individual bank mortgage lenders in this week’s survey were as follows:
Chase Bank mortgage rate for a 30 fixed rate loan is 5.00% with 0.25 points and a 5.079% APR.
The 15 fixed rate home loan from Chase has a rate of 4.50% with zero points and an APR of 4.596%.
Bank of America mortgage rate for a 30 year fixed rate mortgage is 4.750% with 1.125 points and an APR of 4.878%.
A 15 year mortgage from Bank of America has a rate of 4.125% with 1.375 points and an APR of 4.386%.
Citibank mortgage rate on a 30 year mortgage is 4.875% with 0.50 points and a 5.099% APR.
Citibank’s 15 year fixed mortgage rate is 4.375% with no points and a 4.603% APR.
Wells Fargo Home Loans mortgage rate is 4.750% and 1.0 point for a 4.939% APR.
Wells Fargo 15 year fixed rate is at 4.25% with 1.0 point and a 4.573% APR.
US Bank offers a 30 year fixed rate home loan with a mortgage rate of 4.875% and no points with a 4.941% APR.
The US Bank 15 year mortgage rate is 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