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.
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.
Mortgage Rates September 20th, 2010
Mortgage interest rates fell measurably last week, coming near the all time lows reached earlier in the summer. The most recent survey of bank mortgage rates performed by Findlocalmortgagerates.com shows both the 15 year and 30 year mortgage rates down measurably for the week ending September 17, 2010.
The average 30 year mortgage rate in the survey had an interest rate of 4.575 percent with 0.40 points. The average 15 year mortgage rate in the survey had an interest rate of 4.05 percent with 0.475 points.
Recent economic data has created a mixed picture on the economic recovery with a bias towards an extremely weak economic outlook. The mixed data points have caused mortgage rates to fluctuate more in recent weeks as investors have dipped in out of the bond market cause rates to move up and down with the flow of funds.
The Findlocalmortgagerates.com survey results from the top five bank mortgage lenders for the week ending September 17th included the following 15 year and 30 year mortgage rates:
Bank of America mortgage rates for the 30 year mortgage and 15 year mortgage came in at 4.375% with 0.75 points and a 4.492% APR for the 30 and 3.75% with 1.125 points and a 4.011% APR for the 15 year mortgage.
Wells Mortgage rates were 4.25% with 1.0 point and a 4.403% APR on the 30 year and 3.75% rate with 1.0 point and a 4.017% APR on the 15 year mortgage loan.
Chase Mortgage rates for the 30 year was 4.75% with 0.125 points and a 4.816% APR while the 15 year term loan was 4.375% with zero points for a 4.471% APR.
US Bank mortgage rates on the 30 year mortgage closed at 4.625% with no points and a 4.690% APR and 4.125% with no points and a 4.236% APR for 15 year mortgage rate.
Citibank mortgage rates were 4.875% with 0.125 points and a 5.031% APR on a 30 year home loan and 4.25% with 0.25 points for a 4.553% APR on the 15 year home loan.
Mortgage rates and pints listed are current as of the survey date, September 17, but all mortgage rates are subject to change and all loans and rates 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 multiple bank mortgage lenders throughout the country.
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.
Mortgage Rates Today September 13th, 2010
Mortgage interest rates dropped modestly for the week ending September 10, 2010 even while most bank rates increased for the week.
The benchmark 30 year fixed mortgage rate, which is the preferred loan during times of low mortgage rates, was lower by just under three basis points. The average 30 year mortgage rate form the top five bank mortgage lenders had an average interest rate of 4.675%.
Reviewing the 15 year fixed mortgage rate, which is generally always lower than the 30 year fixed mortgage rate, the average interest dropped by two basis points. The reduction in this week’s 15 year mortgage rate brought the average 15 year mortgage interest rate to 4.125% for the week.
The actual savings on the 15 year mortgage can be substantial with the lower rate and the shorter term bringing about a lower amount of overall interest paid for the term of the loan. Even with the lower interest rate and lower total costs over the life of the loan, the 15 year mortgage remains the less popular home loan choice.
The Findlocalmortaggerates.com survey results from the top five bank mortgage lenders for the week ending September 10th included the following 15 year and 30 year mortgage rates, points and APRs:
US Bank mortgage has a 30 year mortgage rate at 4.625% with no points and a 4.69% APR and a 15 year mortgage rate at 4.125% with no points and a 4.236% APR.
Wells mortgage rates were 4.375% with 1.0 point and a 4.530% APR on the 30 year and 3.75% rate with 1.0 point and a 4.017% APR on the 15 year loan.
Chase Mortgage rates were 4.875% with 0.125 points and a 4.942% APR on the 30 year term loan and 4.50% with 0.125 points for a 4.615% APR on the 15 year loan.
Bank of America mortgage rates for the 30 year mortgage were 4.625% with 0.875 points and a 4.746% APR and 4.00% with 1.0 point and a 4.231% APR for the 15 year mortgage rate.
Citibank mortgage rates closed the week at 4.875% with no points and a 5.009% APR on a 30 year home loan and 4.25% with 0.25 points for a 4.553% APR on the 15 year home loan.
Mortgage rates are current as of this publication date but all mortgage rates are subject to change and 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 multiple bank mortgage lenders throughout the country.
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.
Bank Mortgage Rates September 7th, 2010
rWhen shopping for the best mortgage rate, consumers should look at the average national mortgage rate and compare that mortgage rate with several mortgage lenders before applying for a new home loan. The Findlocalmortgagerates.com weekly bank mortgage lenders rate survey provides the average rate for the top five bank mortgage lenders as well as the individual mortgage rates from these lenders to make rate shopping for home loan less of a burden.
This week, the average 30 year fixed rate mortgage moved up for the first time in several days while the 15 year remained unaltered. The average 30 year fixed mortgage rate ended the week, September 3rd, with an interest rate of 4.70%. The average 15 year mortgage rate closed out at 4.15%.
The average pints charged to obtain these loan rates was higher for both loan programs. The average points charged by the top five bank mortgage lenders for those rates came in at .475 points on the 30 year and .50 points for the 15 year.
The Findlocalmortgagerates.com survey results from the top five bank mortgage lenders for the week ending September 3rd included the following 15 year and 30 year mortgage rates, points and APRs:
Wells Mortgage rates moved higher for the 30 year and held steady on the 15 year with the 30 year mortgage rate at 4.375% with 1.0 point and a 4.530% APR and the 15 year mortgage rate at 3.75% rate with 1.0 point and a 4.017% APR.
Chase Mortgage rates were also higher on the 30 year term loan and unmoved for the 15 with a 30 at 4.875% with no points and a 4.931% APR and a rate of 4.50% with no points for a 4.596% APR on the 15 year loan.
Bank of America mortgage rates were little changed, the 30 year mortgage rate is 4.875% with 0.875 points for a 4.990% APR and the 15 year mortgage rate is 4.25% with 1.25 points for a 4.507% APR.
Citibank mortgage rates bucked the trend and moved marginally lower, the 30 year at Citi was 4.75% with 0.50 points and a 4.972% APR while the 15 year mortgage rate was 4.25% with 0.25 points and a 4.553% APR.
US Bank mortgage rates were higher for both terms, the US Bank 30 year mortgage rate is 4.625% with no points and a 4.69% APR and the US Bank 15 year mortgage rate is 4.00% with no points and a 4.11% APR.
Mortgage rates are affected by a number of factors for any particular loan request. The bank mortgage rates, points and APRs listed in the Findlocalmortgagerates.com rate survey may vary depending on the credit, income, assets, geographic location and property of a particular loan.
Mortgage rates are current as of this publication date but all mortgage rates are subject to change and 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 multiple bank mortgage lenders throughout the country.
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
Top Five Bank Mortgage Rates August 30th, 2010
Bank mortgage rates moved decidedly lower for the week ending August 27, 2010. Based on the survey of the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com, the average 30 year fixed rate home loan moved down to 4.65% while the average 15 year fixed rate home loan dropped to 4.15%.
The average points charged by the largest banks surveyed to obtain these rates was unchanged for the 30 year term mortgages at 0.425 points and was lower for the 15 year, falling to 0.375 points.
While both the 30 year mortgage and 15 year mortgage rate are down for the week, they are off of their lows reached during the week. The current 30 year fixed rate mortgage inched up slightly on August 27 when bond prices made a dramatic retreat and interest rates rose.
The results from the top five bank mortgage lenders in this week’s mortgage rate survey included the following 15 year and 30 year mortgage rates:
Wells Fargo mortgage rates included a 30 year loan at 4.25% with 1.0 point and a 4.403% APR while the 15 year loan is at 3.75% rate with 1.0 point and a 4.017% APR.
Chase Mortgage rates came in at 4.75% with 0.25 points and a 4.827% APR on the 30 year term home loan and 4.50% with no points for a 4.596% APR on a 15 year term.
Bank of America mortgage rates showed the 30 year at 4.875% with 0.75 points for a 5.005% APR and the 15 year at 4.25% with 0.875 points for a 4.491% APR.
Citibank mortgage rates were 4.875% with 0.125 points and an APR of 5.031% for the 30 year rate and 4.375% with zero points and a 4.603% APR on the 15 year mortgage loan.
US Bank mortgage rates for the 30 and 15 came in at 4.50% with no points and a 4.564% APR and 3.875% with no points and a 3.985% APR, respectively.
The bank mortgage rates, points and APRs listed in the Findlocalmortgagerates.com rate survey may vary depending on the credit, income, assets, geographic location and property of a particular loan.
The Findlocalmortgagerates.com rate survey is current as of August 27, 2010, however all mortgage rates are subject to change.
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 multiple bank mortgage lenders throughout the country.
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
Top Bank Mortgage Rates August 23th, 2010
Mortgage rates from the top five bank mortgage lenders increased for the first time in several weeks. Based on the current bank mortgage rate survey performed by Findlocalmortgagerates.com, both the 15 year fixed rate mortgage and 30 year mortgage rate increased for the week ending August 20, 2010.
Mortgage rates from the top bank lenders diverged greatly in this week’s survey. The 30 year mortgage rate ranged from a low of 4.25% to high of 5.125% while the 15 year ranged from a low interest rate of 3.75% to a high of 4.625%. This is the widest rate difference posted this quarter.
In this week’s survey, the average 30 year mortgage rates rose to 4.725% while the average 15 year mortgage rate moved up to 4.20%. The average total points charged by the banks in the survey to obtain the 30 year rate dropped modestly to .425 points on average and the average points charged on the 15 year moved up modestly to 0.45 points.
The results from this week’s survey from the top five bank mortgage lenders included the following 15 year and 30 year mortgage rates and the points charged to obtain those rates:
Wells Fargo mortgage rates were lower for the 30 and 15 year term loans with the 30 year mortgage hitting 4.25% with 1.0 point and a 4.403% APR and the 15 year mortgage rate dropping to 3. 75% rate with 1.0 point and a 4.017% APR.
Chase Mortgage rates were also lower for the 30 and mostly unchanged on the 15 year term with a 30 mortgage rate of 4.875% with zero points and a 4.931% APR and the 15 year rate at 4.50% with .125 points for a 4.615% APR.
Bank of America mortgage rates fell measurably on the 30 year to 4.875% with 1.125 points for a 5.032% APR while holding at 4.25% with 1.0 point for a 4.449% APR on the 15 year mortgage.
Citibank mortgage rates ticked up modestly with a 30 year home loan costing 5.125% with no points and an APR of 5.261% and 4.625% with .125 points and a 4.767% APR on the 15 year home loan.
US Bank mortgage rates slipped for the shorter term and remained constant on the 30. The 30 year rate from US Bank held at 4.50% with no points and a 4.564% APR and the 15 year dipped to 3.875% with no points and a 3.985% APR.
The Findlocalmortgagerates.com rate survey is current as of August 20, 2010, however all mortgage rates are subject to change. The bank mortgage rates, points and APRs listed may vary depending on the credit, income, assets and property of a particular loan. The mortgage rates surveyed are based on California properties with a loan amount of $250,000.00 and a 20% down payment. Rates may vary based on these factors as well as other loan conditions.
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 multiple bank mortgage lenders throughout the country.
For more information on the mortgage loans products 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
Top Bank Mortgage Rates August 16th, 2010
Mortgage rates moved just a hair lower this week but are continuing the trend of dropping to the lowest levels that have not been seen in decades.
According to the Findlocalmortgagerates.com national survey of the top five bank mortgage lenders, the average 30 year fixed rate loan was lower by two basis points or 2/100’s of a percent, while the 15 year fixed rate mortgage was lower by one basis point.
The average 30 year mortgage in this week’s survey had a rate of 4.65% down from last week’s average mortgage rate of 4.67%. The average 15 year mortgage rate was 4.09%, off from the previous week’s figure of 4.10%. The average total points to obtain these rates were 0.50 discount and origination points for both the 15 year and 30 year loan.
The results from this week’s survey from the top five bank mortgage lenders included the following rates and points:
Chase Mortgage rates were 5.00% with no points for a 5.056% APR on the 30 year loan and 4.375% with .25 points for a 4.508% APR on the 15 year loan.
Bank of America mortgage rates dropped down to 4.25% with 1.375 points for a 4.399% APR on the 30 year and 3.75% with 1.125 points for a 3.975% APR on the 15 year mortgage.
Citibank mortgage rates came in at 5.00% with .125 points and an APR of 5.158% on the 30 year loan and 4.50% with .125 points and a 4.767% APR on the year home mortgage.
Wells mortgage rates were once again unchanged this week for the 30 year mortgage with a rate at 4.50% with 1.0 point and a 4.686% APR while the 15 year mortgage rate actually moved modestly higher to 3.875% rate with 1.0 point and a 4.195% APR.
US Bank mortgage rates ended the week at 4.50% with no points and a 4.564% APR on a 30 year and 3.95% with no points with a 4.06% APR on the 15 year term mortgage.
The Findlocalmortgagerates.com rate survey is current as of August 15, 2010 but the mortgage rates posted are not guaranteed. All mortgage rates and points are subject to change by the bank lenders listed.
Findlocalmortgagerates.com publishes the bank mortgage rate survey to allow potential home loan borrowers the ability to quickly and easily research interest rates from multiple lenders throughout the country.
The bank mortgage rates, points and APRs listed may vary depending on the credit, income, assets and property of a particular loan. Rates may vary based on these factors as well as other loan conditions. All mortgage loans and mortgage interest rates require bank mortgage lender approval.
The mortgage rates, points and APRs in the survey are based on a home loan amount 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 in the bank mortgage rate survey 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 Rates August 9th, 2010
The top five bank mortgage lenders displayed diverging rates on the 30 year and 15 year fixed rate home loans for the week ending August 6th, 2010. Findlocalmortgagerates.com survey of the the top five bank mortgage lenders including Chase Mortgage, Wells Mortgage, Bank of America, Citibank Mortgage and US Bank Mortgage were up modestly on the 30 year term loan and down modestly on the 15 year term.
Based on the mortgage rate survey, the 30 year mortgage rate was higher by just over two basis points or 2/100’s of a percent. The 30 year home loan rate ended the week at 4.675%. The 15 year mortgage loan rate moved in the opposite direction by the identical amount, falling just over two basis points to 4.10%.
The average points charged to obtain these rates was unchanged on the 30 year mortgage at .45 points and moved slightly lower on the 15 year to an average of .425 points.
Findlocalmortgagerates.com publishes the bank mortgage rate survey to allow potential home loan borrowers the ability to quickly and easily research interest rates from multiple lenders throughout the country.
The results from this week’s top bank mortgage lender survey included the following bank mortgage rates, points and APRs on the 30 year and 15 year fixed rate home loan:
Chase Mortgage rates for the 30 year loan and 15 year loan remained unchanged while the points charged fell. The 30 year loan from Chase Mortgage came in at 4.75% with no points and a 4.806% APR and 4.25% with no points and a 4.345% APR for the 15 year term mortgage.
Bank of America mortgage rates moved up on the 30 year to 4.75% with 1.125 points for a 4.877% APR and displayed a rise in points in the 15 year to end at 4.125% with 1.125 points for a 4.347% APR on the 15 year mortgage.
Citibank mortgage rates had higher points on the 30 year with a rate of 4.875% with .125 points for a 5.031% APR was unchanged on the 15 year mortgage at 4.375% and zero points for a 4.603% APR.
Wells Fargo mortgage rates were unchanged for the 30 year term home loan and down slightly for the 15 year with rates of 4.50% with 1.0 point and a 4.686% APR for the 30 year and a 3.75% rate with 1.0 point and a 4.069% APR on the 15 year home loan.
US Bank mortgage rates were unaltered week over week with a 4.50% mortgage rates with no points and a 4.564% APR on a 30 year fixed rate mortgage and 4.00% with no points with a 4.110% APR on the 15 year term mortgage.
The bank mortgage rates that are part of the Findlocalmortgagerates.com rate survey are current as of August 8, 2010 but are subject to change by the bank lenders listed. All mortgage loans and mortgage interest rates require bank mortgage lender approval.
The bank mortgage lender rates listed as well as the origination points and loan APRs may vary depending on the credit, income, assets and property being purchased by the borrower.
The mortgage rates, points and APRs in the survey are based on a home loan amount 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 in the bank mortgage rate survey 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
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.
Bank Mortgage Rates Aug 2, 2010
Mortgage rates from the top five bank mortgage lenders dropped to record lows this week. The average rate for a 30 year fixed rate home loan moved down by ten basis points or 10/100’s of a percent to 4.65% from 4.75% in the prior week while the 15 year slipped seven and one half basis points to 4.125% from 4.20 in the previous week.
The average points charged from the top five bank mortgage lenders was lower as well. For the both 30 year and the 15 year, the average points charged to obtain those rates came in at .45 down from .525 points in the week earlier.
The Findlocalmortgagerates.com survey compares mortgage rates form the top five bank mortgage lenders in the nation to help consumers find the best mortgage and best mortgage rate quickly and easily.
Now that the financial community is seeing that the economic recovery is becoming more elusive which leads to little pressure for loan demand, mortgage rates along with most bank rates have headed lower. Many economists are now more concerned about continued high unemployment and deflation rather than rising inflation and rates which will continue to place downward pressure on mortgage rates.
Results from this week’s survey included the following bank mortgage rates, points and APRs on the 30 year and 15 year fixed rate home loan.
Chase Mortgage rates for the 30 year loan and 15 year loan came in at 4.75% with 0.125 points and a 4.816% APR for the 30 and 4.25% with .25 points and a 4.383% APR for the 15 year term.
Bank of America mortgage rates were 4.625% with 1.125 points for a 4.778% APR on the 30 year mortgage and 4.125% with 1.0 point for a 4.370% APR on the 15 year mortgage.
Citibank mortgage rates ended at 4.875% with no points for a 5.009% APR on the 30 and 4.375% and zero points for a 4.603% APR for the 15 year mortgage.
Wells Fargo mortgage rates were unchanged for both the 30 year term home loan and 15 with a rate of 4.50% with 1.0 point and a 4.686% APR for the 30 and a 3.875% rate with 1.0 point and a 4.195% APR on 15 year loan.
US Bank mortgage rates closed out the week at 4.50% with no points for a 4.564% APR on a 30 year fixed rate mortgage and 4.00% with no points for a 4.110% APR on the 15 year term mortgage.
The bank mortgage rates that are part of the Findlocalmortgagerates.com rate survey are current as of July 30, 2010 but are subject to change and all loans and rates require bank mortgage lender approval.
The bank mortgage lender rates listed as well as the origination points and loan APRs may vary depending on the credit, income, assets and property being purchased by the borrower.
The mortgage rates, points and APRs in the survey are based on a home loan amount 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 the above listed mortgage rates and loans as well as additional loan programs offered by these lenders, 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 Bank Mortgage Rates July 26, 2010
Bank mortgage rates for the 30 year and 15 year term home loan were a mixed bag in the past week. Mortgage rates for the 30 year were modestly higher while the 15 year was fractionally lower.
Findlocalmortgagerates.com survey of the top five bank mortgage lenders found that the mortgage rate on the 30 year loan was unchanged but the points charged to obtain the loan had risen marginally. The average 30 year mortgage rate ended the week at 4.75%, unchanged from the prior week and the average points charged to obtain that rate increased to .525 points from .475 in the previous week.
For the 15 year fixed rate mortgage, the average mortgage rate dropped from 4.20% to 4.175% and the average points charged in the survey increased from .45 to .525 points.
The Findlocalmortgagerates.com survey compares mortgage rates form the top five bank mortgage lenders in the nation to help consumers find the best mortgage and best mortgage rate quickly and easily.
Results from this week’s survey included the following bank mortgage rates, points and APRs on the 30 year and 15 year fixed rate home loan.
Chase Mortgage rates on a 30 year loan was 4.875% with 0.25 points and a 4.953% APR while the 15 year home loan rate was 4.375% and no points with a 4.471% APR.
Bank of America mortgage rates on the 30 year mortgage was 4.75% with 1.375 points for a 4.934% APR and the 15 year mortgage was 4.125% with 1.375 points and an APR of 4.440%.
Citibank mortgage rates were at 5.00% with no points for a 5.135% APR on the 30 and 4.375% with .25 points and a 4.679% APR for the 15 year mortgage.
Wells Fargo mortgage rate on a 30 year fixed rate home loan was 4.50% with 1.0 point and a 4.686% APR and 3.875% with 1.0 point and a 4.195% APR on 15 year mortgage loan.
US Bank mortgage rates were 4.625% with no points for a 4.690% APR on a 30 year fixed rate mortgage and 4.125% with no points for a 4.236% APR on the 15 year term mortgage.
The mortgage companies listed can help potential home loan borrowers find the best home loan that fits their needs. The banks listed offer a number of different mortgage rates and point options as well as a variety of additional home loans including FHA loans, adjustable rate mortgages, jumbo loans and more.
The bank mortgage rates found in the survey are current as of July 25, 2010 but are subject to change. The bank mortgage lender rates listed as well as the points and APRs may vary depending on the credit, income, assets and property being purchased by the borrower. All mortgage loans are subject to bank approval and additional conditions will apply.
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 the above listed mortgage rates and loans, 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