NH Mortgage Rates April 26, 2010
Mortgage rates in New Hampshire have fallen modestly along with home loan rates across the nation. To compare mortgage rates in NH the following is a review of mortgage rates offered by Wells Fargo home Mortgage, one of the largest bank mortgage lenders, and Laconia Savings Bank, the largest bank in New Hampshire measured by assets.
Fixed rate mortgages are one of the most popular home loan options for buying a new home when rates are low as they are in this current rate environment therefore, the mortgage loans reviewed include the 30 year fixed as well as the 15 year fixed rate home loans.
The current 30 year fixed rate mortgage in New Hampshire offered Laconia Savings Bank is at 5.25% with no points and an APR of 5.280%. The 30 year fixed from Wells Fargo Home Loans is at 5.125% with 1.0 point and a 5.318% APR.
The 15 year fixed rate home loan from Laconia Savings Bank is at 4.500% with no points and an APR of 4.550%. Wells Fargo Home Loans is offering the 15 year fixed rate mortgage at 4.25% with 1.0 point and an APR of 4.573%.
The above mortgage rates in NH are based on a loan amount of $175,000.00 with a 20% or greater down payment for the purchase of a single family primary residence. Both of these bank mortgage lenders offer flexible home financing options to help purchase a new home. Other mortgage rate and point options are available for these term loans as well as other loan options from the mortgage lenders.
Mortgage rates are current as of this publication date but are not guaranteed. The NH mortgage interest rates, annual percentage rates (APRs) and points shown are subject to change without notice. Existing homeowners looking to refinance may find the refinance rates may vary from the purchase rates.
New home buyers can find assistance with a loan preapproval at either Laconia Savings Bank or Wells Fargo Home Loans. A preapproval is a written agreement from the mortgage lender indicating they will finance a home purchase up to a specific amount, subject to certain conditions.
For current mortgage rates from these NH mortgage lenders or additional information on their home loan products, Wells Fargo Home Loans can be reached at 877-937-9357 and Laconia Savings Bank can be reached at 800-832-0912.