Top Bank Mortgage Rates October 25th, 2010
Mortgage rates moved lower for the week ending October 22, 2010. In response to a rise in bond prices and the corresponding drop in bond rates, most of the major bank mortgage lenders lowered their residential mortgage rates.
Mortgage rates from the top five bank mortgage lenders were lower by over five basis points or 5/100 of a percent for the both the 30 year fixed rate home loan and 15 year mortgage loan.
The average 30 year mortgage rate from the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com mortgage closed the week at 4.35 percent, down from the prior week’s average loan rate of 4.425 percent.
The average 15 year mortgage rate from the top five lenders closed at 3.75 percent, off from the previous week’s average rate of 3.825 percent.
The points charged on both the 15 year and 30 year mortgage closed higher for the week. The average points charged from the banks in this week’s survey came in at .475 points for the 30 year loan and .50 points for the 15 year home loan.
The current mortgage rates tracked by Findlocalmortgagerates.com from the top five bank mortgage lenders for the week ending October 22nd included the following 15 year and 30 year mortgage rates, points and APR’s:
Wells Mortgage rates moved lower for both the 30 year mortgage and 15 year. The Wells 30 year mortgage rate closed at 4.0% with 1.0 point and a 4.15% APR and the 15 year mortgage rate ended at 3.25% with 1.0 point and a 3.514% APR.
Chase Mortgage rates were mostly unchanged with the 30 year mortgage dipping to 4.50% and the points charged rising to 0.375 points for a 4.587% APR and the 15 year coming in at 4.00% with no points and 4.095% APR.
Bank of America mortgage rates moved lower for both terms. The Bank of America 30 year mortgage rate was 4.25% with 1.0 point and a 4.392% APR while the Bank of America 15 year mortgage rate was 3.625% with 1.0 point and a 3.911% APR.
US Bank mortgage rates were unchanged with the 30 year loan rate at 4.375% and no points for a 4.439% APR and the 15 year rate holding at 3.75% with no points and an APR of 3.860%.
Citibank mortgage rates were also unchanged with the 30 year mortgage rate remaining at 4.625% with zero points for a 4.757% APR and the 15 year mortgage rate coming in at 4.125% and 0.25 points for an APR of 4.427%.
The mortgage rates and points listed from the top five bank mortgage lenders are current as of the survey date, October 22nd, 2010. Information provided on the bank mortgage rates are believed to be accurate and reliable when placed on this site, but we cannot guarantee it is accurate or complete or current at all times. 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.
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 interest 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.
Additional mortgage rates from these lenders can be found by contacting the bank mortgage lender directly. Mortgage rates available include: mortgage rates in Illinois, mortgage rates in Texas, mortgage rates in New York, mortgage rates in Florida, mortgage rates in Pennsylvania, mortgage rates in Ohio, mortgage rates in Michigan, mortgage rates in Georgia, mortgage rates in North Carolina 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.
Today’s Mortgage Rates August 31, 2010
For the last day of August, today’s mortgage rates continued their August downward trend and closed lower yet again. Hard to believe, but today’s’ mortgage rates from the top ten bank mortgage lenders are lower today than they were just three days ago, at the close of last week on August 27.
Conventional fixed mortgage rates rose slightly on Friday when short term bond prices fell measurably and interest rates rose, marking the first significant uptick in days. Rates moved lower on Monday and continued that direction through today.
Based on the most recent survey of bank mortgage rates performed by Findlocalmortgagerates.com, the average 30 year mortgage rate dropped down to 4.504% with .375 points. The average 15 year mortgage rate was lower as well, drifting down to 3.975% with 0.35 points.
Results from the survey for the 30 year home loan at five of the largest bank mortgage lenders in the today’s mortgage rate survey included the following mortgage rates and terms:
Chase mortgage rates on the 30 year for Aug 31 came in at 4.625% with .125 points for an APR of 4.691%.
Wells Mortgage rates for a 30 mortgage had an interest rate of 4.25% with 1.0 point and a 4.403% APR.
Bank America mortgage rates were 4.625% and 1.0 point with an APR at 4.778% for the 30 year home loan.
SunTrust mortgage rates were 4.25% with 1.50 points and an APR of 4.407%.
TD mortgage rates for a 30 year home loan came in at 4.50% and zero points with a 4.542% APR.
Today’s mortgage rates and costs listed are current as of this publication date but are subject to change by the bank mortgage lenders and are not guaranteed. All mortgage loans and mortgage interest rates listed require bank approval and bank underwriting.
The mortgage rates listed are based on mortgage loan amount of approximately $250,000.00 with a 20% down payment. Mortgage rates are dependent on the credit profile of the borrower, the down payment amount, property type and geographic location, these factors and others will impact a specific loan request and may alter the mortgage rate and costs.
The mortgage rates and points listed are just a sample of the rates from the survey and are just a sample of the many home loan programs and mortgage rates that are available from these bank mortgage lenders.
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.
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
Today’s Mortgage Rates August 18, 2010
Review today’s current mortgage interest rates from a variety of bank mortgage lenders. The current national average 30 year mortgage rate now stands at 4.669 percent; this is a slight increase from the average rates on Friday, August 13 which ended at 4.619%. The average origination and discount point charged by the bank mortgage lenders to obtain the rate fell from .40 points to .363 points.
The current 15 year mortgage rate is at 4.094 percent, and increase of eight basis points or 8/100 of a percent from Friday’s closing average mortgage rate of 4.011%. The average points charged by mortgage lenders to obtain the 15 year mortgage rate were also down, drifting to .338 points on average from .413 points on August 13.
The weak economic recovery across the globe is keeping a cap on mortgage interest rates movements; however mortgage rates will change daily often experiencing just mild changes day to day with some of the movements pushing rates slightly higher even while the interest rate market in general has hardly budged.
Today’s mortgage rates survey covers the largest bank mortgage lenders in the nation, results for the 30 year home loan from three of the top ten bank mortgage lenders in the survey included:
Wells Mortgage rates on a 30 year fixed rate home loan was 4.25% and a 1.0 point with an APR of 4.403% and the 15 year mortgage rate was 3.75% with 1.0 point for an APR of 4.017%.
Bank of America mortgage rates for the 30 year was 4.875% with 1.0 point and a 5.014% APR and 4.25% with 1.0 point and a 4.49% APR on the shorter term, 15 year mortgage loan.
Chase Mortgage rates came in at 5.00% and .125 points with a 5.068% APR for the 30 year home loan and 4.50% with no points for a 4.709% APR on the 15 year.
Today’s mortgage rates are current as of this publication date but are subject to change by the bank mortgage lenders. All home loan products and home loan rates are subject to mortgage lender approval.
The mortgage rates listed are based on mortgage loan amount of approximately $250,000.00 with a 20% down payment on a single family owner occupied property in California. Mortgage rates are dependent on the credit profile of the borrower, the down payment amount, property type, geographic location, as well as additional conditions that will impact the loan approval as well as the mortgage rate.
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 are just a sample of the rates compiled in the mortgage rate survey.
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
Wells Mortgage Rates August 6, 2010
Wells Mortgage rates have continued to decline to low levels across a variety of mortgage loan types and products. Average mortgage interest rates are currently at record low rates that have not been seen for 50 years. Along with the record low average rates, Wells Mortgage rates have fallen as well.
While mortgage rates from Wells Fargo and other bank mortgage lenders push down to record lows, the underwriting standards to obtain home loans for purchases and refinance transactions, unfortunately remain tight.
A 30 year fixed rate loan from Wells Fargo can be obtained with an interest rate at 4.50% while the 15 year mortgage rate at Wells can be obtained at below 4.0%.
Current Wells Mortgage rates include:
30 year fixed mortgage rate at 4.500% with 1.0 point and a 4.686% APR.
15 year fixed mortgage rate 3.750% with 1.0 point and an APR of 4.069%.
30 year fixed FHA mortgage rate is also at 4.500% with 1.0 point and a 5.233% APR.
A 5 year adjustable rate mortgage is available at 2.875% with 1.0 point and an APR of 3.291%.
A Wells Fargo jumbo mortgage rate on a 30 year term is at 5.125% with 1.0 point and a 5.264% APR.
A 5 year ARM jumbo loan has a mortgage rate of 4.250% and 1.0 point with a 3.734% APR.
The current mortgage interest rates from Wells displayed are based on home loan for a new purchase of a single family, primary residence with a minimum 20% down payment. Wells Mortgage has numerous other loan options available including different mortgage interest rates and point options for the loan program displayed.
Wells Mortgage rates displayed are current as of the date of the latest update and is subject to change by the bank without notice. All mortgage loans and mortgage rates require bank approval. Other restrictions may apply.
The adjustable rate mortgage has an initial fixed rate period after which time the mortgage interest rate can change annually and any change will impact the monthly mortgage payment.
Colorado Mortgage Rates July 23, 2010
Findlocalmortgagerates.com reports today on Colorado mortgage rates for 30 year fixed rate mortgages and 15 year fixed rate mortgages from four bank mortgage lenders. The survey displays the results of mortgage rates in CO from two of the largest bank mortgage lenders in the U.S., Chase Mortgage and US Bank, as well as two of the top 15 largest bank mortgage lenders based in Colorado, FirstBank and UMB Bank.
FirstBank of Colorado and UMB Bank Colorado are the 12th and 13th largest bank mortgage lenders based in Colorado. Chase Bank is the largest U.S. based bank while US Bank is the 5th largest.
Colorado mortgage rates from the four bank mortgage lenders ranged from the lowest mortgage rate of 4.625% to the highest rate 5.00% on the 30 year and 4.125% to 4.375% on the 15 year term home loan.
The key to finding the best local mortgage rate is to find a competitive mortgage rate, low closing costs low and efficient customer service. To help search for the lowest mortgage rates, the following rates, points and APRs are the results from the Colorado mortgage rate survey:
FirstBank offers a 30 year mortgage rate of 4.875% with no points and an APR of 4.902%. FirstBank also has a 15 year mortgage rate of 4.125% with 1.0 point for a 4.316% APR.
UMB Bank offers the 30 year fixed rate mortgage in Colorado at 4.875% with no points and a 5.014% APR. The 15 year mortgage rate in CO from UMB is at 4.28% with no points and a 4.516% APR.
US Bank mortgage rates in CO include the 30 year at 4.625% with no points and an APR of 4.690% as well as the 15 year mortgage rate at 4.125% also with zero points and a 4.236% APR.
Chase mortgage rates in Colorado for the 30 year and 15 year mortgage are; the 30 year rate is at 5.00% with .125 points for a 5.062% APR and the 15 year rate is 4.375% with .25 points for a 4.499% APR.
Due to daily market changes in mortgage interest rates, the rates posted are subject to change at any time and without notice. Mortgage interest rates in Colorado by the listed bank mortgage lenders are subject to credit approval, income documentation, property approval and other loan underwriting factors. Individual mortgage rates and costs may vary.
FirstBank has over 130 bank locations in Colorado, Arizona, and California. FirstBank consumer mortgage information is available at 866-964-2040.
UMB Bank of Colorado is part of UMB Financial Corporation, diversified company offering commercial, institutional and personal financial services. UMB operate 135 banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. UMB Bank mortgage department can be reached at 800-862-5713.
US Bank mortgage rates and information are available at 800-365-8544.
Chase Mortgage rates and loan information is available at 800-873-6577.