Bank Mortgage Rates July 12, 2010
The 30 year and 15 year mortgage rates from the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com were little changed for the week ending July 10, 2010.
The average rate for the 30 year fixed rate mortgage remained unchanged at 4.775%. The average points charged increased marginally to 0.45 from 0.425 points in the previous week.
The average 15 year fixed rate loan moved higher by just two basis points or 2/100 of a percent bringing the rate up to 4.225% from 4.20% in the prior week. The average points charged to obtain that rate fell modestly to .45 from .50 points in the preceding week.
Results from this week’s mortgage rate survey included the following mortgage rates, points and APRs on the 30 year and 15 year fixed rate home loan from the individual bank mortgage lenders:
The Chase Mortgage rate for the 30 year is 5.00% with zero points and a 5.056% APR while the 15 year mortgage from Chase has a mortgage rate of 4.500% with zero points and an APR of 4.596%.
Bank of America mortgage rates for the 30 year is 4.75% with 1.0 point and an APR of 4.868% and 4.125% with 1.25 points for a 4.368% APR on the 15 year term mortgage.
Citibank mortgage rate for the 30 year fixed is 5.00% with 0.25 points and an APR at 5.180% and 4.50% with no points and a 4.729% APR for the 15 year fixed rate mortgage.
Wells Fargo mortgage rate on a 30 year home loan is 4.50% and 1.0 point and an APR of 4.686% while the 15 year fixed rate mortgage from Wells Fargo is at 3.875% with 1.0 point and a 4.195% APR.
US Bank mortgage rate for a 30 year is 4.625% with no points and a 4.69% APR and 4.125 with no points for a 4.236% APR on the 15 year mortgage.
The bank mortgage lenders listed offer a number of different rate and point options as well as a variety of additional home loans including FHA loans, adjustable rate mortgages, jumbo loans and more.
Bank mortgage rates are current as of this publication date but 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
FHA Mortgage Rates July 7, 2010
FHA mortgage rates from the top five FHA bank mortgage lenders surveyed by Findlocalmortgagerates.com moved lower once again this week. The average rate on a 30 year fixed rate FHA home loan dropped down to an average mortgage rate of 4.65% and 0.625 points. In the previous week, the average 30 year FHA mortgage rate was 4.675% and 0.65 points.
FHA mortgage rates continue to mirror the reduction in rates that have also occurred in conforming mortgages. FHA loan rates, similar to conforming mortgage rates, are driven primarily by mortgage backed securities prices and rates, which continue to drop as the economy putters along.
FHA mortgage rates will generally have a higher APR than conforming home loans due to the higher cost of mortgage insurance charged at closing of an FHA loan.
The top five bank mortgage lenders in the FHA mortgage rate survey performed by Findlocalmortgagerates.com include; Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage.
The results of the survey including the individual bank FHA mortgage rates, points and APR’s are listed below.
The Bank of America mortgage rate on a 30 year FHA loan is 4.50% with 0.875 points and an APR of 4.603%.
Wells Fargo mortgage rate on a 30 year FHA mortgage loan is 4.625% and 1.0 point with a 5.364% APR.
US Bank mortgage rate on the 30 year FHA mortgage is 4.750% with no points and a 5.271% APR.
SunTrust mortgage rate for an FHA mortgage with a 30 year term is 4.625% with 1.25 points and a 5.186% APR.
HSBC Mortgage offers an FHA home loan with a mortgage rate of 4.750% with no points and an APR of 4.931%.
FHA mortgage rates and points listed are for owner occupied single family properties with a loan amount of $200,000.00. Mortgage loan programs, mortgage rates, terms and conditions are subject to change without notice. All home loans require bank approval, additional conditions and some restrictions may apply.
The bank FHA mortgage lenders listed offer a variety of mortgage loan options and mortgage loan programs. For additional information on the FHA mortgage rates and bank mortgage lenders listed:
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
MD Mortgage Rates July 4, 2010
Searching and comparing Maryland mortgage rates can be a time consuming process. To make the process easier and help consumers find local mortgage rates that are best suited for their needs, Findlocalmortgagerates.com has surveyed local mortgage lenders as well as the largest bank mortgage lenders.
In today’s mortgage rate survey, Findlcoalmortgagerates.com has obtained the mortgage rates from two of the top 15 largest banks in Maryland, The Columbia Bank and Rosedale Federal Savings, as well as two of the largest banks in the nation, Wells Fargo and Bank of America.
Mortgage rates in Maryland continue to be at all time lows, which makes it a good time to find the right mortgage lender and mortgage loan. The survey results from these bank mortgage lenders included the following MD mortgage rates and terms:
The Columbia Bank’s mortgage division, Fulton Mortgage Company, offers a 30 year fixed rate home loan at 4.625% with no points and an APR of 4.766%. Fulton Mortgage Company markets a 15 year mortgage rate in MD at 4.125% with no points and a 4.248% APR. A 30 year FHA loan from Fulton has a mortgage rate of 4.875% with no points and an APR of 5.292%.
Rosedale Federal promotes a 30 year fixed rate home loan with a mortgage rate of 4.75% and no points with a 4.769% APR. The 15 year mortgage rate in MD from Rosedale is at 4.75% with no points and a 4.782% APR.
Bank of America offers a 30 year mortgage rate in MD at 4.75% with 1.0 point and a 4.875% APR. The 15 year from Bank of America mortgage is at 4.125% with 1.125 points and a 4.363% APR.
Wells Fargo mortgage rates in MD include a 30 year fixed rate loan at 4.625% and 1.0 point with a 4.812% APR and a 15 year mortgage rate of 4.00% with 1.0 point and an APR at 4.321% as well as a 30 year FHA loan with a mortgage rate of 4.625% with 1.0 point and a 5.364% APR.
MD mortgage rates and terms listed are current as of this publication date but are subject to change without notice. All mortgage loans in Maryland promoted by these bank mortgage lenders are subject to bank approval.
The Columbia Bank is the second largest Maryland based bank and Rosedale Federal Savings and Loan is the 11th largest Maryland based bank. Bank of America is the second largest bank in the nation while Wells Fargo is the fourth largest.
The mortgage lenders listed also offer a wide range of mortgage plans with different rates and cost options. To reach the banks for more information and current mortgage rates:
Rosedale Federal can be reaches at 410-668-4400
The Columbia Bank can be contacted at 888-822-2265
Bank of America mortgage representative are available at 800-586-9861
Wells Fargo customer service is at 877-937-9357
Top Bank Mortgage Rates July 5, 2010
30 year mortgage rates from the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com were unchanged for the week while the points charged to obtain the rate dropped modestly. For the shorter, 15 year term home loan, the average rate increased marginally as did the average points charged.
The average mortgage rate in the survey for the 30 year term loan closed the week at 4.775% with 0.425 points. The drop in points pushed the average APR for the 30 year down from 4.917% last week to 4.906% in the current week. The 15 year mortgage rate ended at 4.20% with .50 points up from last week’s average rate and points of 4.175% and .40 points.
Results from the mortgage rate survey included the following rates, points and APRs from the individual bank mortgage lenders.
The Chase Mortgage rate for the 30 year home loan is 5.00% with 0.375 points with a 5.090% APR. The 15 year mortgage rate from Chase is at 4.500% with .125 points and an APR of 4.615%.
Bank of America mortgage rate is 4.75% with 1.0 point and an APR of 4.906% for a 30 year mortgage loan and 4.125% with 1.125 points with a 4.411% APR for the 15 year maturity.
Citibank mortgage rate is 4.875% with 0.125 points and a 5.031% APR on a 30 year and 4.25% with .25 points and a 4.533% APR for the 15 year fixed rate mortgage.
Wells Fargo mortgage rate for the 30 year is 4.625% and 1.0 point and an APR of 4.812% and the 15 year fixed rate mortgage from Wells Fargo is at 4.00% with 1.0 point and a 4.321% APR.
US Bank mortgage rate is 4.625% with no points and a 4.69% APR for a 30 year fixed rate home loan and 4.125 with no points and a 4.236% APR on the 15 year term home loan.
The bank mortgage lenders listed offer a variety of additional home financing options including FHA mortgage loans, adjustable rate mortgages, jumbo loans and more. These mortgage rates are listed for information purposes to help consumers find local mortgage rates that best fit their needs.
Bank mortgage rates are current as of this publication date but subject to change. All mortgage loans are subject to bank approval.
The bank mortgage lender rates listed as well as the points and APRs are subject to change and may vary depending on the credit, income, assets and property being purchased by the borrower.
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 these mortgage rates, 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
FHA Mortgage Rates from the Top 5 FHA Bank Mortgage Lenders July 1, 2010
Long term FHA mortgage rates moved lower for the week based on the most recent survey of the top FHA bank mortgage lenders completed by Findlocalmortgagerates.com on July 1, 2010. The rate on the 30 year fixed rate FHA home loan dropped down to 4.675% this week. The average points charged to obtain that rate was also lower at 0.65 points.
The average 30 year FHA mortgage rate from the top 5 FHA bank mortgage lenders came in at 4.675% with 0.65 points and an APR of 5.106%.
FHA mortgage rates continued to drop along with conventional loan rates and the Treasury rates. Mortgage rates closely track the rates of the widely followed ten year Treasury bond and the ten year closed at its lowest level of the year, portending lower rates in the immediate future.
The top five bank mortgage lenders in the FHA mortgage rate survey include; Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage.
The results of the survey including the individual bank mortgage rates, points and APR’s are listed below.
Bank of America’s 30 year FHA mortgage rate is 4.625% with 1.0 point with an APR of 4.780%.
Wells Fargo Home Loans offers the 30 year FHA mortgage loan with a mortgage rate of 4.625% and 1.0 point with a 5.364% APR.
US Bank markets the 30 year FHA mortgage rate at 4.750% with no points and a 5.271% APR.
SunTrust Bank’s 30 year FHA mortgage has a mortgage rate of 4.625% with 1.25 points and a 5.186% APR.
HSBC Mortgage has an FHA home loan with a mortgage rate of 4.750% with no points and an APR of 4.931%.
Long term FHA mortgages are designed to provide low down payment financing and are one of the few options available for home buyers trying to finance a new home with as little cash as possible. The fixed rate mortgage provides a borrower with the security of a monthly payment that won’t change over the life of the life of the loan.
Mortgage rates listed are for owner occupied single family primary residences for loan amounts of $200,000.00. Mortgage loan programs, mortgage rates, terms and conditions are subject to change without notice. All loans require bank approval, additional conditions and some restrictions may apply.
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
Top Five Bank Mortgage Lender Rates June 21, 2010
Mortgage rates from the top bank mortgage lenders fell for the week ending June 18, 2010 based on the most recent survey of mortgage rates performed by Findlocalmortgagerates.com. The average mortgage rate for the both the 30 year fixed rate home loan and 15 year fixed rate home loan exhibited a reduction in rate for the week.
The 30 year mortgage rate average ended the week at 4.80% with .55 points compared to last week’s average 30 year mortgage rate of 4.85% with .575 points.
The survey result for the 15 year mortgage rate showed an average rate of 4.175% with .55 points as compared to the previous week’s average rate of 4.30% and .475 points.
The top five bank mortgage lenders in the mortgage rate survey included Chase Mortgage, Wells Fargo Home Loans, Citibank, Bank of America and US Bank.
The 30 year mortgage rate and 15 year mortgage rate as well as the points charged and APRs from the individual bank mortgage lenders in this week’s survey were as follows:
Chase Bank mortgage 30 year fixed rate home loan was 5.00% with 0.125 points and a 5.068% APR.
The Chase mortgage 15 year fixed rate home loan has a rate of 4.375% with .125 points and an APR of 4.951%.
Bank of America mortgage rate for a 30 year home loan is 4.625% with 1.375 points and an APR of 4.783%.
The Bank of America 15 year mortgage rate is 4.00% with 1.125 points and an APR of 4.235%.
Citibank offers the 30 year fixed home loan with a mortgage rate of 4.875% with 0.25 points and a 5.054% APR.
The Citibank mortgage rate for a 15 year fixed is 4.25% with .50 points and a 4.629% APR.
Wells Fargo Home Loans mortgage rate for the 30 year is 4.750% and 1.0 point and an APR of 4.939%.
Wells Fargo mortgage rate on the 15 year fixed is at 4.00% with 1.0 point and a 4.321% APR.
US Bank mortgage rate for a 30 year fixed rate home loan is 4.75% and no points with a 4.815% APR.
US Bank promotes a 15 year mortgage rate at 4.250% and no points with a 4.361% APR.
The bank mortgage lender rates listed as well as the points and APRs are subject to change and may vary depending on the credit, income, assets and property being purchased by the borrower.
Mortgage rates listed are believed to be accurate and current as of the date of this publication. Mortgage interest rates are not guaranteed. All mortgage loans are subject to bank approval.
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.
The bank mortgage lenders listed offer a variety of additional home financing options to help find the loan that best fits a borrowers needs. For more information on these mortgage rates, 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 Five Bank Mortgage Lender Rates June 14, 2010
Bank mortgage rates were up just slightly for the week ending June 11, 2010. The average mortgage rate from the top five bank mortgage lenders survey by Findlocalmortgagerates.com showed an increase in rate for the 15 year term home loan with a reduction in points charged while the average 30 year fixed rate home loan was unchanged with regards to the rate but increased for the average points charged.
The results of the survey this week:
30 year mortgage rate average is 4.85% with .575 points compared to last week’s average rate of 4.85% with .375 points.
The 15 year mortgage rate is 4.30% with .475 points as compared to the previous week’s average rate of 4.25% and .575 points.
Considering a mortgage loan is often the largest financial decision consumers will face. Reviewing the current mortgage rates and products available from the largest mortgage lenders is an important step to find an option that is right for your financial situation. Whether someone is just starting the home buying process, preparing to buy a new home or looking to refinance their current mortgage loan, reviewing the current mortgage rates from the largest bank mortgage lenders is a great starting point.
The top five bank mortgage lenders in the mortgage rate survey included Chase Mortgage, Wells Fargo Home Loans, Citibank, Bank of America and US Bank.
The 30 year mortgage rate and 15 year mortgage rate as well as the points charged and APRs from the individual bank mortgage lenders in this week’s survey were as follows:
Chase Bank mortgage rate for a 30 fixed rate loan is 5.00% with 0.25 points and a 5.079% APR.
The 15 fixed rate home loan from Chase has a rate of 4.50% with zero points and an APR of 4.596%.
Bank of America mortgage rate for a 30 year fixed rate mortgage is 4.750% with 1.125 points and an APR of 4.878%.
A 15 year mortgage from Bank of America has a rate of 4.125% with 1.375 points and an APR of 4.386%.
Citibank mortgage rate on a 30 year mortgage is 4.875% with 0.50 points and a 5.099% APR.
Citibank’s 15 year fixed mortgage rate is 4.375% with no points and a 4.603% APR.
Wells Fargo Home Loans mortgage rate is 4.750% and 1.0 point for a 4.939% APR.
Wells Fargo 15 year fixed rate is at 4.25% with 1.0 point and a 4.573% APR.
US Bank offers a 30 year fixed rate home loan with a mortgage rate of 4.875% and no points with a 4.941% APR.
The US Bank 15 year mortgage rate is 4.250% and no points with a 4.361% APR.
The bank mortgage lender rates listed as well as the points and APRs are subject to change and may vary depending on the credit, income, assets and property being purchased by the borrower.
Mortgage rates listed are believed to be accurate and current as of the date of this publication. Mortgage interest rates are not guaranteed. All mortgage loans are subject to bank approval.
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.
The bank mortgage lenders listed offer a variety of additional home financing options to help find the loan that best fits a borrowers needs. For more information on these mortgage rates, 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
Mortgage Rates in NJ May 28, 2010
One of the best starting points for mortgage rate shopping is to compare the rates offered by the some of the largest mortgage lenders with the local mortgage lenders. This allows the prudent mortgage shopper to quickly compare mortgage rates and programs before narrowing the loan search down to a specific mortgage lender.
To compare mortgage rates in New Jersey, Findlocalmortgagerates.com has reviewed the 30 year mortgage rates from two of the largest bank mortgage lenders, Chase Bank and US Bank, with two of the larger bank mortgage lenders based in NJ, Spencer Savings Bank and Sun National Bank.
The results of the survey for NJ mortgage rates on May 28, 2010 area as follows:
Sun National Bank offers a 30 year fixed mortgage rate in NJ at 5.00% with zero points and an APR of 5.029%. A 15 year fixed rate home loan from Sun National Bank has a mortgage rate of 4.375% with no points and a 4.425% APR.
Spencer Savings Bank offers the 30 year fixed in NJ with a mortgage rate of 4.875% with zero points and a 4.882% APR. The 15 year in NJ from Spencer has a mortgage rate of 4.25% with no points and an APR of 4.263%
Chase Mortgage offers a 30 year mortgage rate in NJ at 5.00% with .25 points and a 5.079% APR. A 15 year fixed rate home loan in NJ from Chase has a rate of 4.375% with .25 points and APR of 4.508%.
US Bank promotes the 30 year loan with a rate of 4.875% and no points with a 4.941% APR. The 15 year mortgage rate in NJ from US Bank is at 4.25% with no points and a 4.361% APR.
A 15 year fixed rate mortgage offers the borrower the ability to own their home free and clear in 15 years. Although the monthly mortgage payments will be higher than a 30 year home loan, the interest rate on the 15 year mortgage is running slightly more than .50% lower than the 30 year for the mortgage rates in New Jersey listed and a borrower will end up paying less than half the total interest cost of the traditional 30 year mortgage.
Conforming 30 year fixed rate home loans have no prepayment penalties and a borrower can accelerate the payments at anytime to reduce the balance and pay off the loan earlier than the original maturity date and use the lower initial payments to budget their savings, expenses and equity appreciation better.
The points charged by some of the mortgage loans listed are equal to one percent of the loan amount. The borrower will pay the points at the loan closing usually in exchange for a lower mortgage interest rate over the term of the home loan. The points charged will generally result in greater total closing costs; in exchange the borrower will have lower monthly payments over the term of the loan.
Mortgage rates listed on this page are the current rates for a single-family, primary residence with a 20% or greater down payment. Individual mortgage rates may vary according to different property and loan characteristics such as credit and income of the borrower. Mortgage rates are subject to change without notice and all mortgage loans are subject to bank or lender approval.
The bank mortgage lenders in New Jersey listed can be reached at the following numbers:
Spencer Savings Bank 800-363-8115.
Spencer Savings Bank has been doing business in New Jersey for more than 70 years and has 18 bank branches in the Garden state.
Sun National Bank 800-786-1677.
Sun National Bank is headquartered in Vineland and has 70 bank branches throughout Jersey.
Chase Bank mortgage department can be reached at 800-873-6577.
US Bank mortgage representatives can be reached at 800-365-8544.
To view information for Chase Bank certificate of deposit rates, US Bank certificate of deposit rate or CD rates in New Jersey please visit our affiliate web site Selectcdrates.com and view the following pages: Chase Bank CD rates, US Bank CD rates or New Jersey CD rates.
Bank Mortgage Lenders Rates May 24, 2010
The overall cost to obtain a 30 year fixed rate home loan was down slightly for the week ending May 21, 2010. The average 30 year mortgage rate form the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com was unchanged at 4.85% while the average points charged to secure this rate was down five basis points or 5/100 of a percent to end the week at 0.60 points.
The overall cost to obtain a 15 year fixed rate home loan moved in the opposite direction and increased by a small margin for the week. The average 15 year mortgage rate was also unchanged at 4.225% while the points charged by the top five mortgage lenders increased by 7.5 basis points to close the week at 0.70 points on average.
This week’s mortgage rate survey results:
30 year mortgage rate average 4.85% with 0.60 points.
15 year mortgage rate average 4.225% with 0.70 points.
Previous week’s mortgage rate survey results:
30 year mortgage rate average 4.85% with 0.65 points.
15 year mortgage rate average 4.225% with 0.625 points.
The weekly mortgage survey results once again closely parallels the rate changes in the Treasury market. Treasury rates were lower once again with the ten year Treasury rate falling significantly more than shorter term Treasury rates which corresponds with the reduction in costs for the 30 year mortgage while the 15 year was up just slightly.
The top five mortgage lenders in this week’s survey of the 30 year fixed rate mortgages continues to include the rates of Chase Mortgage, Wells Fargo Home Loans, Citibank, Bank of America and US Bank.
The mortgage rates for the 30 year mortgage and 15 year mortgage from the individual bank mortgage lenders, the points charged and APRs were as follows:
Chase Bank’s mortgage division offers the 30 mortgage rate at 4.875% with 0.375 points and a 4.964% APR.
Chase offers the 15 year mortgage rate at 4.25% with 0.50 points and an APR of 4.420%
Bank of America Home Loans has the 30 year fixed mortgage rate at 4.750% with 1.375 points and a 4.917% APR.
Bank of America’s 15 year mortgage rate is 4.125% with 1.50 points and an APR of 4.431%.
Citibank’s mortgage operation markets the 30 year mortgage rate of 4.875% with 0.25 points and a 5.054% APR.
Citibank promotes a 15 year fixed rate mortgage with a mortgage rate of 4.250% with 0.50 points and a 4.629% APR.
Wells Fargo Home Loans markets their 30 year fixed home loan with a mortgage rate of 4.875% and 1.0 point for a 5.065% APR.
While the Wells Fargo Home Loans 15 year fixed rate is at 4.25% with 1.0 point and a 4.573% APR.
US Bank has a 30 year fixed rate loan with a mortgage rate of 4.875% and no points with a 4.941% APR.
The US Bank 15 year term mortgage rate is 4.250% and no points with a 4.361% APR.
The mortgage rates, points and APRs listed are subject to change and may be different depending on the credit, income, assets and property being purchased by the borrower. 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. The 30 year fixed rate and 15 year fixed rate mortgage rates listed are believed to be accurate and current as of the date of this publication. Mortgage interest rates are not guaranteed.
The bank mortgage lenders listed offer additional mortgage loan options including additional mortgage rate and point options. For more information on these mortgage rates, 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
For information on CD rates offerd by these banks, please visit our sister publication Selectcdrates.com and find Chase Bank CD rates, Citibank CD rates, Bank of America CD rates, US Bank CD rates as well as Wells Fargo CD rates.
Top FHA Mortgage Rates May 21, 2010
FHA mortgage rates have continued to move measurably lower this week and are now at the lowest rates for the year. Based on the current survey of FHA mortgage rates from Findlocalmortgagerates.com, the average 30 year fixed rate FHA loan has a mortgage rate of 4.700% with 0.575 points. The current FHA mortgage rate from the top five FHA bank mortgage lenders is down from last week’s average rate of 4.95% with 0.70 points.
FHA loans are government insured loans through the US Department of Housing and Urban Development. The Federal Housing Administration (FHA) and the U.S. Department of Veterans Affairs (VA) offer government insured mortgage loans through approved mortgage lenders. These home loans have features that usually make theses mortgage loans easier for first-time home buyers to obtain. The 30-year fixed rate mortgage remains one of the most popular loans for both conventional home financing and FHA loans.
Home loan borrowers who have existing FHA mortgages may want to consider the streamline refinance programs or conventional refinance programs for those borrowers interested in refinancing their existing VA or FHA Mortgage for a lower mortgage rate or to obtain cash out at these historically low mortgage rates.
The list below displays current FHA mortgage interest rates from the top FHA bank mortgage lenders in the U.S. including Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage.
Mortgage rates, points and closing costs may vary based on loan features, geography and/or other terms and conditions. Mortgage rates, points and closing costs are subject to change without notice.
The 30 year FHA mortgage rate at Bank of America Home Loans is now at 4.50% with 0.75 points with an APR of 4.607%.
Wells Fargo Home Loan offers the 30 year FHA mortgage rate at 4.75% with 1.0 point and an APR of 5.497%.
The current 30 year FHA mortgage rate with US Bank is at 4.625% with no points and a 5.271% APR.
SunTrust Bank has a 30 year FHA mortgage rate of 4.875% and 1.125 points with an APR of 5.083%.
HSBC Mortgage has dropped their 30 year fixed rate FHA home loan to 4.875% with no points and an APR at 5.067%.
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 based in Illinois.
The mortgage lenders listed offer a variety of repayment terms and mortgage loan options for FHA loans as well as other 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