30 Year and 15 Year Mortgage Rates January 24th, 2011
Mortgage rates ended a multi week trend of lower rates and ticked up moderately for the week ending January 21, 2011. Both the 30 year fixed rate home loan and 15 year home loan from the top bank mortgage lenders ended the week higher.
The average mortgage rate for a 30 year term loan increased by seven basis points or 7/100’s of a percent. The average 30 year rate closed the week at 4.875 percent.
The average rate on the 15 year mortgage also increased by seven basis points for the week. The average 15 year mortgage rates from the top bank mortgage lenders ended at 4.175 percent.
The average points charged by the mortgage lenders in the survey were little changed week over week. The average points on the 30 year mortgage moved down slightly while the average points charged on the 15 year mortgage moved up slightly.
The average points on the 30 year rate dipped to 0.525 points from 0.55 points in the previous week. The average points charged on the 15 year mortgage moved up to 0.55 points from 0.50 points in the preceding week.
The current bank mortgage rates from the top five bank mortgage lenders in the Findlocalmortgagerates.com weekly survey for the week ending January 21, 2010 included the following 15 year and 30 year mortgage interest rates, points and loan APR’s:
Chase Mortgage rates were unchanged for the week while the points charged moved up modestly. The Chase 30 year mortgage rate held at 4.875% while the points moved up to 0.50 points for an APR of 4.975%. The 15 year mortgage rate stayed at 4.25% with points rising to 0.375 points for an APR of 4.401%.
Bank of America mortgage rates increased to 4.750% and 1.0 point with an APR of 4.896% on the 30 year and 3.875% with 1.125 point for an APR of 4.143% for the 15 year term loan.
US Bank mortgage rates were higher on the 30 year and unchanged for the 15 year. The US Bank 30 year mortgage rate ended the week at 4.875% and zero points for a 4.941% APR and the 15 year mortgage rate closed at 4.25% with zero points and a 4.361% APR.
Wells Mortgage rates were higher for both the 30 year and 15 year. The Wells Mortgage 30 year rate ended at 4.875% with 1.0 point and a 5.034% APR and the 15 year mortgage ended at 4.250% with 1.0 point and a 4.521% APR.
The Citibank 30 year mortgage rate was 5.00% with 0.125 points and a 5.077% APR and a 15 year rate was 4.250% with 0.25 points for an APR of 4.398%.
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 and mortgage rates in Florida. Call the listed lenders to find the best mortgage rates in your state.
The mortgage interest rates, points and APRs listed are current as of the mortgage rate survey date: January 21, 2011. All mortgage interest rates and costs are subject to change and all home loans will require bank approval.
Bank Mortgage Rates December 27, 2010
Mortgage rates got reprieve by the time this week came to a close. Mortgage rates that have been steadily rising dropped down modesty for the week ending December 24, 2010. The 30 year fixed rate mortgage and 15 year fixed rate mortgage ended the week down by five basis points or 5/100’s of a percent.
The average 30 year bank mortgage rate from the top five bank mortgage lenders closed at 4.875 percent, down from the prior week’s average mortgage rate of 4.925 percent. The average 15 year bank mortgage rate closed at 4.25 percent, off of last week’s closing rate of 4.300 percent.
Points charged by the top bank lenders changed very little week over week. The average points charged to obtain the 30 year mortgage rate in the weekly survey increased to 0.575 points from 0.55 points in the earlier week and the average points charged to obtain the 15 year mortgage rate remained at 0.525 points.
The current bank mortgage rates from the top five bank mortgage lenders in the Findlocalmortgagerates.com weekly survey for the week ending December 24, 2010 included the following 15 year and 30 year mortgage interest rates, points and loan APR’s:
Chase Mortgage rates dipped modestly to 4.875% with 0.25 points for a 4.953% APR on the 30 year mortgage and 4.25% with zero points and a 4.345% APR on a 15 year mortgage.
Bank of America mortgage interest rate on the 30 year held at 4.75% but dropped on the points charged to 1.125 points for an APR of 4.910% and the bank’s 15 year mortgage rate held at 4.125% with the pints moving down 1.125 points for an APR of 4.400%.
Citibank’s 30 year mortgage rate actually up ticked modestly for the week with the 30 year loan rising to 4.875% with 0.50 points and a 5.099% APR and the 15 year mortgage rate increased to 4.250% with 0.50 points for an APR of 4.629%.
Wells Mortgage rates were unchanged week over week with a 30 year mortgage rate of 4.875% with 1.0 point and a 5.034% APR and a 15 year mortgage rate of 4.250% with 1.0 point and a 4.521% APR.
US Bank mortgage rates dipped down to 5.00% and zero points with an 5.066% APR on a 30 year mortgage loan and 4.375% with zero points and a 4.612% APR for the 15 year mortgage rate.
The mortgage interest rates, points and APRs listed are current as of the mortgage rate survey date: December 24th, 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.
Information provided on the bank mortgage rates was obtained directly from the bank mortgage lenders listed and are believed to be accurate and reliable when placed on this site, but we cannot guarantee their accuracy.
The Findlocalmortgagerates.com weekly mortgage rate survey is designed to provide quick information on current mortgage rates from the nation’s top bank mortgage lenders to allow potential home loan borrowers the ability to easily research mortgage interest rates and home loan costs.
ING Direct Mortgage Rates September 2, 2010
ING DIRECT offers mortgages for purchase transactions as well as refinances at competitive interest rates. ING DIRECT is the operating name of ING Bank which is headquartered in Wilmington, DE. ING DIRECT does banking business online, over the phone and by mail. ING Direct mortgage applicants can apply online or over the phone.
As an online mortgage lender, ING Direct delivers home mortgages with low closing costs and fees. ING Direct mortgage’s are not without closing costs such as the title search, appraisal, flood certification fee and other third party fees that must be paid at closing. Based on the information from ING Direct on their mortgage products, the first page of the loan application can estimate closing costs.
There is no application fee associated with the ING Direct mortgage application. There is also no origination points charged to obtain an ING Direct mortgage.
ING Direct’s online mortgage application form is quite simple and easy to navigate.
ING Direct mortgages are available on purchase transaction with a minimum down payment of 20%. ING Direct mortgages can be obtained for owner occupied properties and vacation homes with a down payment of 25% needed for vacation home mortgages.
One of the reasons ING can offer competitive mortgage rates is that the loan programs are for adjustable rate mortgages. Since most home loans are not held for than five years, the ING DIRECT mortgage options are for a 5/1 adjustable rate mortgage and a 7/1 adjustable rate mortgage.
With the adjustable rate mortgages offered by ING DIRECT, the mortgage rate can adjust either up or down at a maximum of 2 percentage points annually after the fixed term ends, and cannot increase by more than 6 percentage points over the life of the loan. The mortgage rate will not change during the initial fixed period of either 5 or 7 years.
Current ING Direct mortgage rates include:
5/1 adjustable rate mortgage has a mortgage rate of 3.25% and an APR of 3.396%
7/1 adjustable rate mortgage has a mortgage rate of 3.50% and an APR of 3.499%
Once an application is accepted by ING DIRECT, the mortgage rate is guaranteed for 60 days for purchases and 45 days for a refinance even if mortgage rates go up.
The ING DIRECT mortgage rate information is current as of September, 2, 2010. Mortgage rates are subject to change at any time and all home loans are subject to bank approval. The mortgage rates listed are based a loan amount of $250,000.00 and a 20% down payment.
For more information on the mortgage loans and mortgage rates offered by ING DIRECT, the mortgage lender can be reached at 1-866-327-4599.
NC Bank Mortgage Lenders
When you start to look for a next home or refinance and existing loan in North Carolina a key step is to compare North Carolina mortgage lenders and North Carolina mortgage rates.
No matter what the home loan situation, the right mortgage solution starts with local mortgage lenders and North Carolina has an abundance of large bank mortgage lenders.
The NC mortgage lenders listed not only provide conventional, fixed, or adjustable rate (ARM) mortgages but most also offer FHA Insured mortgage loans and VA loans in North Carolina.
Use the contact list of the top bank mortgage lenders in North Carolina to learn about the types of mortgages available to before applying for a new loan or even before the start of house hunting. The home loan chosen will directly affect how much house a borrower can afford and the amount of their monthly payments.
While most of the news coming from the housing sector has been negative, mortgage rates in NC have continued to drift lower making home loans much more affordable and refinancing existing loans a viable financial option to save money.
The top ten bank mortgage lenders based in NC listed by total assets include:
Bank of America, the second largest bank in the nation is the largest bank mortgage lender in North Carolina. Bank of America has a lot of bank branches, over 5,900 retail banking offices across the U.S. Bank of America mortgage department can be reached at 888-233-4124.
Branch Banking and Trust Company or BB&T Bank is the 10th largest bank in the nation and the second largest NC based bank mortgage lender. BB&T Bank has 1,800 banking centers in the Carolinas, Virginia, West Virginia, Kentucky, Georgia, Tennessee, Maryland, Florida, Alabama, Indiana, Texas and Washington, D.C. BB&T Bank can be reached at 800-226-5228.
RBC Bank also calls NC home and is the among the top 50 largest bank mortgage lenders in the US and the third largest in NC. RBC Bank has over 420 bank branches serving North Carolina, South Carolina, Virginia, Georgia, Florida and Alabama. An RBC Bank loan officer can be reached at 800-789-1108.
First-Citizens Bank & Trust Company is the fourth largest bank in NC. First-Citizens Bank & Trust has 370 bank branches in North Carolina, Virginia, West Virginia, Tennessee, Maryland, California and Washington. The main customer service number for the bank is 888-323-4732.
First Bank, based in Troy, NC is the fifth largest bank mortgage lender in The Tar Heel State. First Bank operates in NC, SC and Virginia. The bank has over 90 bank branches. First Bank can be reached at 866-792-4357.
Yadkin Valley Bank and Trust Company is the sixth largest NC bank mortgage lender. Yadkin Valley Bank and Trust Company encompasses five community banks, Piedmont Bank, High Country Bank, American Community Bank and Cardinal State Bank and has 42 branch branches in NC. Yadkin Valley Bank can be reached at 336-526-6382.
Communityone Bank is based in Asheboro, NC and is the seventh largest bank. FNB United Corp. is the bank holding company for Communityone Bank and the bank’s subsidiary, Dover Mortgage Company. Communityone Bank operates 45 bank offices throughout central, southern and western North Carolina.
The number 8 bank lender is NewBridge Bank. NewBridge Bank has 40 bank branch locations in the Piedmont Triad of North Carolina, the Wilmington, NC area and the area surrounding Harrisonburg, VA. NewBridge Bank is available at 800-991-4243.
Capital Bank headquartered in Raleigh is the ninth bank mortgage lender. Capital Bank has 32 bank branch offices in ten counties throughout North Carolina. The bank customer service number is 800-308-3971.
Southern Community Bank and Trust is the tenth biggest bank mortgage lender in NC. Southern Community Bank and Trust is headquartered in Winston-Salem, North Carolina. Southern Community Bank and Trust is a community bank with 22 bank offices throughout North Carolina. Southern Community Bank and Trust can be reached at 888-768-2666.
Top FHA Mortgage Lender Rates May 26, 2010
FHA mortgage rates surveyed by Findlocalmortgagerates.com for the week ending May 26, 2010 were up modestly for the first time in three weeks. The average FHA mortgage rate from the top five bank mortgage lenders including Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage was higher for both the mortgage rate and points charged to obtain the mortgage rate.
The overall cost to obtain a 30 year fixed rate FHA home loan was 4.750% on average, up from last week’s average FHA rate of 4.70%. The average points charged rose to 0.75 points from 0.575 points in the prior week.
The list below displays current FHA mortgage interest rates from the top FHA bank mortgage lenders in the U.S.
Bank of America Home Loans has a 30 year FHA mortgage rate of 4.50% with 1.0 point and an APR of 4.622%.
The 30 year FHA mortgage rate at Wells Fargo Home Loan is 4.875% with 1.0 point and a 5.63% APR.
US Bank promotes the 30 year FHA mortgage rate at 4.875% with zero points and an APR of 5.402%.
SunTrust Bank offers a 30 year FHA mortgage rate of 4.625% with 1.75 points and a 5.141% APR.
HSBC Mortgage has a 30 year fixed FHA home loan rate of 4.875% with no points and an APR at 5.067%.
Federal Housing Administration or FHA is part of governments Housing and Urban Development agency or HUD which insures theses home loans that are offered and funded by the mortgage lenders listed. The FHA lending guidelines are established to offer loans that have low down payment requirements, low closing costs and easier credit qualifications.
The down payment on these home loans can be as low as 3.5% of the purchase price, the mortgage rates compare favorably with conventional loans and most of the closing costs and fees charged by the bank or mortgage lender can be included in the loan amount.
Mortgage rates are current as of this publication date but are subject to change without notice. All mortgage loans are subject to bank or mortgage lender approval. FHA mortgage rates listed are based on home loan amounts of approximately $200,000.00 for owner occupied, single family homes. Individual loan attributes such as property value, the borrower’s assets, income and credit profiles, as well as the geographic location may lead to different rates, points and APRs.
The bank FHA mortgage lenders listed offer a variety of mortgage loan options and mortgage loan programs. For more information on the mortgage lenders listed and current FHA mortgage rates, the contact numbers are:
Bank of America 800-586-9861
Wells Fargo Home Loans 877-937-9357
US Bank 888-831-7524
SunTrust Mortgage 800-634-7928
HSBC Mortgage 800-975-4722
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
Mortgage Rates from the top Bank Mortgage Lenders April 19, 2010
Mortgage rates on the 30 year fixed rate home loan from the top bank mortgage lenders was down measurably for the week ending April 16, 2010 based n the most recent survey of mortgage rates performed by Findlocalmortgagerates.com.
The average rate on the 30 year fixed rate was down by just over seven basis points or 7/100 of a percent bringing the average rate on the 30 year fixed rate home loan down to 5.125%. The average points charged on these mortgage loans was also lower, falling from an average of 0.60 points last week to 0.375 points for the most recent data.
The top bank mortgage lenders in survey, which included Chase Bank, Bank of America, Citibank, Wells Fargo Bank and US Bank, all dropped their mortgage rates over the past week.
Mortgage rates for a 30 year fixed rate home loan from the largest bank mortgage lenders in the survey included the following rates, points and APRs:
Chase Bank Mortgage is offering a 30 year at 5.250% and no points with a 5.307% APR.
Bank of America Home Loans markets a 30 year at 5.000% with 0.875 points resulting in a 5.119% APR.
Citibank’s 30 year is 5.250% with no points and a 5.421% APR.
Wells Fargo Home Loans is offering the 30 at 5.000% and 1.00 point for a 5.191% APR.
US Bank promotes their 30 year fixed at 5.1250% and no points with a 5.192% APR.
As with many bank rates, mortgage rates will have a tendency to closely follow Treasury rates. Treasury rates had begin to climb starting in March of this year but have given back much of the gain in April. Hence, mortgage rates also climbed in March and early April and now are giving back some of that gain and we are seeing mortgage rates come back down at least moderately.
The mortgage rates, points and APRs listed are subject to change. These mortgage rates are believed to be accurate and current as of the date of this publication. Mortgage interest rates are not guaranteed. All mortgage loans and mortgage rates will require bank approval.
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.
Additional mortgage rates and point options are available from these lenders for the 30 year fixed rate home loan; in addition, these lenders offer a variety of other loan terms and mortgage products.
The bank mortgage lenders listed can be reached at the following numbers to obtain additional home loan information and current mortgage rates:
Chase Bank 800-873-6577
Bank of America 800-551-7975
Citibank 800-667-8424
Wells Fargo 877-937-9357
US Bank 888-831-7524
FHA Mortgage Rates from the Top Mortgage Lenders April 15, 2010
The average mortgage rate on a 30 year fixed rate FHA mortgage fell by a fraction this week, based on a survey that includes some of the largest US based FHA mortgage lenders. According to the weekly survey of FHA mortgages performed by Findlocalmortgagerates.com, FHA mortgage rates fell by .175 points while the average mortgage rate remained unchanged. The average FHA mortgage rate remained at 5.15% with .525 points, down from the previous week’s average rate of 5.15% and 0.70 points.
This week’s FHA mortgage rate survey included Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage.
The volume of FHA loans continue to grow due to the easier qualification guidelines for a FHA loan versus a conventional 30 year FNMA or FHLMC mortgage loan. While the guidelines for FHA loans are less stringent including lower down payment requirements and lower credit scores, the credit requirements have certainly become harsher recently. For many mortgage lenders, the minimum acceptable credit score is now 640.
The weekly survey results included the following mortgage rates, points and APRs:
The 30 year fixed FHA mortgage offered by Bank of America Home Loans stood at 5.00% with 0.625 points with a 5.125%.
The 30 year fixed FHA mortgage loan from Wells Fargo Home Loans has a mortgage rate of 5.125% with 1.0 point and an APR of 5.897%.
HSBC Mortgage promotes a 30 year fixed rate FHA loan with a rate of 5.250% with no points and a 5.436% APR.
The US Bank FHA mortgage rate on a 30 year term is at 5.250% and no points and has a 5.792% APR.
SunTrust Bank markets their 30 yea FHA home loan with a mortgage rate of 5.125% and 1.0 point for a 5.689% APR.
The survey results are based on loan amounts of approximately $200,000.00 for single family homes based in Illinois. The mortgage rates and points listed are current as of this publication date but are subject to change. All home loans are subject to bank or mortgage lender approval, additional conditions will apply. Some mortgage loan products may have geographic restrictions with pricing differences and other restrictions may apply.
For current FHA mortgage rates and loan terms from the FHA mortgage lenders listed, the following phone numbers may be used:
Bank of America 800-551-7975
Wells Fargo Home Loans 877-937-9357
US Bank 888-831-7524
SunTrust Mortgage 800-634-7928
HSBC Mortgage 800-975-4722
Today’s FHA Mortgage Rates March 23, 2010
Since FHA loans have skyrocketed in popularity over the past 24 months reviewing the mortgage rates and costs to obtain these loans has become increasingly important for more and more existing homeowners and potential homeowners.
Findlocalmortgagerates.com performs a weekly survey of the top bank mortgage lenders to monitor and review FHA loan rates and loan programs.
The following mortgage rates are for FHA loans or government loans which are backed by the Federal Housing Administration (FHA). Current FHA mortgage rates form the largest US banks include:
Bank of America Home Loans offers a 30 year fixed rate FHA loan that has a mortgage rate of 5.00% and 0.625 points with an APR of 5.125%.
Wells Fargo Home Mortgage offers a 30 year fixed rate FHA home loan with a mortgage rate of 5.000% with 1.0 points and an APR of 5.717%.
HSBC Mortgage rate on a 30 year FHA is at 5.000% with no points and a 5.183% APR.
SunTrust Mortgage has a 30 year FHA home loans with a mortgage rate of 4.750% and 1.250 points resulting in a 5.318% APR.
US Bank 30 year fixed rate FHA loan has a rate of 5.000% with no points and a 5.531% APR.
FHA home loans offer underwriting and loan approval features that make these mortgage loans easier for first time home buyers to qualify for. FHA loans are available for first time home buyers or homebuyers who are selling a home to buy another or to refinance an existing owner occupied property. The features that make an FHA to qualify for include: low down payment requirements and flexible credit guidelines.
Mortgage Rates listed are effective as of this publication date. Loan programs, rates, terms and conditions are subject to change without notice. The accuracy of the home mortgage details for these mortgage lenders is not guaranteed.
FHA mortgage rates listed are for owner occupied single family primary residences. Home loan rates, origination and discount points and closing costs may vary based on loan features, property type and location as well as other terms and conditions. Restrictions may apply. All loans are subject to bank approval.
Contact information for the bank mortgage lenders listed:
Bank of America Home Loans 1-800-551-7975
Wells Fargo Home Mortgage 1-877-937-9357
US Bank 1-888-831-7524.
SunTrust Mortgage 1-800-634-7928
HSBC Mortgage 1-800-333-7023
Mortgage Rates in Illinois at Harris Bank
Harris Bank is a Midwest bank headquartered in Chicago, Illinois. Harris offers mortgage loans across the U.S. The bank provides mortgage loans and competitive mortgage rates in Illinois as well as other states on a variety of different home loan products.
Harris offers loans for purchasing new homes and refinancing existing home loans. Mortgage loans products include standard fixed rate home loans with different terms, adjustable rate loans with different fixed rate periods and even biweekly mortgage loan programs.
Potential home loan borrowers that are not sure about loan qualifications, Harris has a pre-approval that provides a firm loan commitment from the bank.
Current Illinois mortgage rates offered by Harris Bank include the following products, terms and mortgage rates:
30 year fixed rate mortgage has a mortgage rate of 5.125 with no points and a 5.161% APR.
The 30 year fixed rate loan with 1.0 point has a mortgage rate in Illinois of 4.875% and a 4.999% APR.
On a 15 year term, the fixed rate loan in Illinois offered by Harris has a mortgage rate of 4.500% with no points and a 4.561% APR.
With 1.0 point, the 15 year mortgage rate is 4.250% and an APR of 4.461%.
For Illinois mortgage rates with adjustable rate terms, Harris Bank offers several options.
The five year adjustable rate mortgages with a 30 year terms has a mortgage rate of 4.125% with no points and an APR of 3.510%.
The 5/1 ARM with 1.0 points has a mortgage rate of 3.75% and a 3.458% APR.
The seven year adjustable rate mortgage in Illinois has a mortgage rate of 4.625% with no points and a 3.869% APR.
With 1.0 point, the 7/1 ARM has a mortgage rate of 4.375% and an APR of 3.833%.
The listed mortgage rates in Illinois are based on a loan amount of $250,000.00 with a 20% or greater down payment for a single family owner occupied property. Other mortgage rates in Illinois and point options are available.
Illinois mortgage rates are current as of this publication, March 10, 2010 and are subject to change at anytime without notice. A home loan borrower’s final mortgage rate may vary based on the specific characteristics of their loan transaction including, but not limited to, the region where the loan is originated, any additional loans against the property, the borrower’s credit profile up to the time of closing. All mortgage loans in Illinois are subject to approval by Harris.
Harris Bank is part of the BMO Financial Group and along with mortgage loans, provides a variety of personal, business and corporate clients with banking, lending, investing and wealth management products and services.