Today’s Mortgage Rates August 24, 2010
Today’s mortgage rates from the top bank mortgage lenders continued their downward drive. The average mortgage rate from the top ten bank mortgage lenders on the 30 year fixed rate mortgage has now reached 4.558% while today’s mortgage rate for the 15 year loan dipped to 4.025%. Mortgage rates are current as of August 24, 2010.
Today’s mortgage rates survey includes the average rate on a 30 year fixed rate home loan and 15 year fixed rate home loan and includes the mortgage interest rate, points charged and the APR. The average points needed to obtain today’s mortgage rates from the top ten bank lenders came in at .413 points for the 30 year and .35 points for the 15 year.
Results from the survey for the 30 year home loan found at five of the top ten bank mortgage lenders in the nation included:
Wells Mortgage rates on the 30 year home loan is 4.25% with 1.0 point and a 4.40% APR.
Chase mortgage rates on the 30 year is at 4.75% with .125 points for an APR of 4.816%.
Bank America mortgage rates are at 4.875% and 1.0 point with an APR at 5.022% for the 30 year term home loan.
SunTrust mortgage rates had the 30 year fixed rate mortgage at 4.25% with 1.50 points and an APR of 4.407%.
Key Bank mortgage rates for a 30 year mortgage is 4.58% and zero points with a 4.72% APR.
Mortgage rates and costs will vary based credit, loan amount, property type and location and other factors involved in underwriting. Today’s mortgage rates survey from Findlocalmortgagerates.com covers the largest bank mortgage lenders in the nation including based on loan amounts of $250,000.00 with a 20% down payment.
Today’s mortgage rates are current as of this publication date but are subject to change by the bank mortgage lenders listed. All mortgage loan s and mortgage loan rates are subject to mortgage lender approval.
The mortgage rates and points are just a sample of the many home loan programs and mortgage rates that are available from these bank mortgage lenders. The mortgage rates listed above are just a sample of the mortgage interest rates and costs compiled in the mortgage rate survey.