Top Five Bank Mortgage Rates December 6, 2010
Bank mortgage rates were higher again for the week ending December 3rd, 2010. The average 30 year mortgage interest rates and 15 year mortgage interest rates closed higher on the week as did the origination and discount points charged to obtain those rates.
The average 30 year fixed rate mortgage ended the week at 4.675 percent, an increase of five basis points or 5/100′s of a percent from the preceding week. The average 15 year mortgage rate closed out the week at 4.00 percent, an increase of just under three basis points from the prior week.
The average points charged to obtain the 30 year term mortgage ticked up modestly to 0.47 points while the average points charged to obtain the 15 year mortgage rate increased more measurably to an average of 0.525 points.
The current bank mortgage rates from the top five bank mortgage lenders found in the Findlocalmortgagerates.com survey for the week ending December 3rd included the following 15 year and 30 year mortgage rates, points and APR’s:
Chase Mortgage rates ended the week at 4.750% and 0.25 points and an APR at 4.827% for the 30 year term loan while the 15 year rate was 4.125% with 0.25 points and an APR at 4.257%.
Bank of America mortgage rates closed the week at 4.50% with 0.75 point and a 4.599% APR on the 30 year home loan and 3.750% with 1.0 point for a 3.965% APR on a 15 year home loan.
Citibank mortgage rates on the 30 year came in at 4.750% with 0.25 points and a 4.928% APR and 4.125% with 0.375 points for an APR of 4.465% on the 15 year mortgage.
Wells Mortgage rates were at 4.625% with 1.0 point and a 4.782% APR for a 30 year loan and 3.875% with 1.0 point and a 4.143% APR on the 15 year mortgage loan.
US Bank mortgage rates were unchanged on the week, the 30 year mortgage held at 4.75% with zero points and a 4.815% APR and the 15 year mortgage rate remained at 4.125% with zero points and a 4.236% APR.
The mortgage interest rates, points and APRs listed are current as of the mortgage rate survey date: December 3rd, 2010. 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. 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
Additional mortgage rates from these lenders can be found by contacting the bank mortgage lender directly. Mortgage lender rates available cover all states including: 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, mortgage rates in New Jersey, mortgage rates in Virginia and more.
Bank Mortgage Lender Rates December 2nd, 2010
There was a bump up in bank mortgage rates mid week after the overall level of long term interest rates headed higher measurably higher on Wednesday. The first day of December saw an over two percent jump in the stock market and a rather substantial drop in bond prices that drove long term Treasury rates higher with mortgage rates following closely behind.
The ten year Treasury shot up over 15 basis points rising from 2.81 percent on Tuesday to 2.97 percent on Wednesday. Mortgage rates did not increase by nearly as much as the ten year Treasury but ended the day higher for both the 30 year term home loan as well as the 15 year home loan.
Bank mortgage rates from the top five bank mortgage lenders increased by ten basis points or 10/100’s of a percent on the 30 year mortgage from the start of the week and increased by eight basis points on the 15 year mortgage. The average rate for the 30 year mortgage now stands at 4.725 percent while the average 15 year mortgage rate is at 4.050 percent.
The average points charged by the top five bank mortgage lenders ticked up to 0.475 points for a 30 year mortgage loan and remained unchanged at 0.375 points for a 15 year mortgage loan.
Today’s bank mortgage rates found in the Findlocalmortgagerates.com midweek mortgage rates survey for mortgage rates at the close of December 1st included the following 15 year and 30 year mortgage rates, points and APR’s:
Chase Mortgage rates increased on both the 30 year mortgage and 15 year mortgage to close at 4.875% and 0.125 points with a 4.942% APR on a 30 year term and 4.250% with zero points and a 4.345% APR on a 15 year term loan.
Bank of America mortgage rates were unchanged while the points charged increased modestly, the 30 year mortgage rate at B of A closed at 4.375% with 1.25 points and a 4.516% APR while the 15 year Bank of America mortgage rate ended at 3.750% with 0.875 points and a 3.945% APR.
Wells Mortgage rates on the 30 year loan bumped up to 4.75% with 1.0 point and a 4.908% APR and while the 15 year mortgage rate appeared to move lower to 3.875% with 1.0 point and a 4.143% APR.
Citibank mortgage rates were up .125 percent with the 30 year mortgage rate at 4.875% with no points and a 5.009% APR and the 15 year rate at 4.250% with no points for an APR of 4.477%.
US Bank mortgage rates on the 30 year and 15 year mortgage were unchanged with the 30 at 4.75% and no points with an APR at 4.815% and the 15 year mortgage rate at 4.125% with no points and a 4.236% APR.
The mortgage rates and points listed from the top five bank mortgage lenders are current as of the survey date December 1, 2010. 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. 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
Top Five Bank Mortgage Lender Rates November 29, 2010
Bank mortgage rates were appreciably higher for the week ending November 26, 2010. The 30 year fixed rate loan was up by over ten basis points or 10/100’s of a percent while the 15 year fixed rate mortgage gained seven basis points.
Bank mortgage rates from the top five bank mortgage lenders for the 30 year loan ended the week at 4.625 percent, up from the prior week’s average 30 year rate of 4.50 percent. The 15 year mortgage rate from the top five bank mortgage lenders closed the week at 3.975 percent compared to the previous week’s average 15 year rate of 3.90 percent.
The average points charged to obtain the average mortgage rates moved in the opposite direction, down slightly for both term home loans. The average points charged on the 30 year term home loan was 0.425 points compared to 0.625 points in the previous week. The average points for the 15 year came down to 0.375 points from 0.575 points in the preceding week.
The current bank mortgage rates found in the Findlocalmortgagerates.com survey for the week ending November 26th included the following 15 year and 30 year mortgage rates, points and APR’s:
US Bank mortgage rates on the 30 year mortgage ended the week at 4.75% and no points with an APR at 4.815% and the 15 year mortgage rate from US Bank ended at 4.125% with no points and a 4.236% APR.
Wells Mortgage rates on the 30 year loan were at 4.50% with 1.0 point and a 4.815% APR while the 15 year mortgage had a rate of 4.125% with 1.0 point and a 4.017% APR.
Citibank mortgage rates were 4.750% with 0.125 points and a 4.905% APR for the 30 year mortgage and 4.125% with 0.25 points for an APR of 4.427% on the 15 year mortgage loan.
Chase Mortgage rates closed at 4.750% and zero points for a 4.806% APR on a 30 year term loan and 4.125% with zero points and a 4.220% APR on a 15 year term mortgage loan.
Bank of America mortgage rates on the 30 year closed out the week at 4.375% with 1.0 point and a 4.522% APR while the 15 year Bank of America mortgage rate ended at 3.750% with 0.625 points and a 3.949% APR.
The mortgage rates and points listed from the top five bank mortgage lenders are current as of the survey date, November 26th, 2010. 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. 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
Additional mortgage rates from these lenders can be found by contacting the bank mortgage lender directly. Mortgage lender rates available cover all states including: 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, mortgage rates in New Jersey, mortgage rates in Virginia and more.
Bank Mortgage Lender Rates November 22, 2010
Bank mortgage rates moved higher again over the past week. The 30 year mortgage rate and 15 year mortgage rate experienced an increase in mortgage interest rates as well as an increase in the average points charged.
Mortgage rates from the top five bank mortgage lenders on the 30 year term loan bounced up to 4.50 percent and 0.625 points from 4.45 percent and 0.525 points in the previous week.
Mortgage rates on the 15 year term mortgage loan moved up to 3.90 percent with 0.575 points from 3.850 percent and 0.525 points in the prior week.
Mortgage rates have continued to move higher since the start of the Federal Reserve’s Treasury purchase program or quantitative easing initiative. Treasury rates on the ten year bond moved higher by 12 basis points week over week and ended the week with a yield of 2.88 percent.
The current bank mortgage rates found in the compare mortgage rates survey tracked by Findlocalmortgagerates.com for the week ending November 19th included the following 15 year and 30 year mortgage rates, points and APR’s:
Chase Mortgage rates for the 30 year loan were at 4.625% and 0.375 points for a 4.713% APR while the 15 year mortgage rate closed at 4.00% with 0.25 points and a 4.1325% APR.
Bank of America mortgage rates on the 30 year ended the week at 4.250% with 1.50 points and a 4.431% APR and the 15 year mortgage rate ended at 3.625% with 1.50 points and a 3.942% APR.
Citibank mortgage rates moved up to 4.625% with 0.25 points for a 4.801% APR on a 30 year term loan and 4.125% with 0.125 points for an APR of 4.389% on the 15 year mortgage.
Wells Mortgage rates had the 30 year home loan at 4.375% with 1.0 point and a 4.529% APR and 3.75% with 1.0 point and a 4.017% APR for the 15 year mortgage.
US Bank mortgage rates on the 30 year mortgage increased to 4.625% and no points with an APR at 4.690% and the 15 year mortgage rate ticked up to 4.00% with no points and an APR of 4.110%.
The mortgage rates and points listed from the top five bank mortgage lenders are current as of the survey date, November 19th, 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 lender rates available cover all states including: 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, mortgage rates in New Jersey, mortgage rates in Virginia and more.
Bank Mortgage Lender Rates November 11, 2010
Bank mortgage lenders raised their rates modestly midweek. The average rate on the 30 year fixed rate loan and 15 year fixed rate loan was higher at the close of Tuesday compared to the end of the week on November 5th.
The average 30 year fixed rate mortgage from the top five bank mortgage lenders closed Tuesday at 4.35 percent up from Fridays close of 4.225 percent while the average 15 year mortgage rate from the top five bank mortgage lenders moved up to 3.725 percent from 3.625 percent at week’s end.
Points charged by the bank mortgage lenders remained unaltered. The average points charged for the 30 year mortgage remained at 0.55 points and the average points charged on the 15 year held at 0.45 points.
The bank mortgage rates surveyed were collected on the close of business on Wednesday November 10th. These rates and points are collected directly from the bank lenders and should reflect what a consumer should be offered from that lender. Note – mortgage rates change daily and are influenced by a variety of factors including the loan amount, the borrower’s credit profile, down payment amount and geographic location.
The current bank mortgage rates tracked by Findlocalmortgagerates.com from the top five bank mortgage lenders on November 10th included the following 15 year and 30 year mortgage rates, points and APR’s:
Wells Mortgage rate on the 30 year is 4.125% with 1.0 point and a 4.277% APR and the 15 year rate is 3.375% with 1.0 point and a 3.639% APR.
Citibank mortgage rates for the 30 year mortgage was at 4.50% with 0.25 points for a 4.675% APR while the 15 year mortgage rate moved to 4.00% with 0.125 points for a 4.263% APR.
Chase Mortgage rate for a 30 year loan is 4.50% and 0.125 points for a 4.566% APR and the 15 year mortgage rate is 3.875% with no points for a 3.969% APR.
US Bank mortgage rates on the 30 year is 4.375% and no points for a 4.439% APR and 3.75% with no points with an APR of 3.860% for the 15 year term loan.
Bank of America mortgage rates on a 30 year mortgage came in at 4.25% with 1.0 point and a 4.378% APR and the Bank of America 15 year mortgage rate came in at 3.625% with 1.125 points and a 3.870% APR.
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
SunTrust Mortgage Rates November 10, 2010
SunTrust Mortgage is part of SunTrust Bank which is one of the top ten largest bank mortgage lenders in the nation. When comparing mortgage rates to apply for new home loan or mortgage refinance, a good starting point is to check with the largest bank mortgage lenders. SunTrust Mortgage rates remain competitive among the large bank mortgage lenders.
By doing a little bit of research on current mortgage rates from the top bank mortgage lenders it is easy to get an understanding of what mortgage loans, mortgage rates and costs are currently available in the mortgage market. FindLocalMortgageRates.com allows consumers to research mortgage interest rates from the largest mortgage lenders efficiently to help find the best mortgage interest rates available.
Current SunTrust mortgage rates include the following rates, points and APRs:
30 year fixed rate mortgage is at 4.250% with 1.125 points and an APR of 4.375%.
15 Yr fixed rate mortgage is at 3.625% with 1.875 points and a 3.950% APR.
5/1 adjustable rate mortgage has a rate of 2.875% and 1.25 points and an APR of 3.098%.
The 7/1 ARM is at 3.125% and 1.25 points for a 3.196% APR.
A 30 year FHA fixed rate loan has a mortgage rate of 4.125% and 2.375 points resulting in a 4.882% APR.
The 30 year jumbo loan at SunTrust Mortgage has rate of 5.250% and 1.25 points for a 5.388% APR.
The SunTrust Mortgage rates listed are for a single family, owner occupied home with a 60 day lock with a loan to value ratio of 80% or less. In order to obtain the listed rates, SunTrust mortgage applications have to be submitted online.
Actual mortgage rates may vary from those listed. SunTrust Mortgage rates will vary depending on a wide range of factors, including the borrower’s credit history, the loan amount, geographic location, down payment amount as well as additional loan underwriting factors..
Additional mortgage rates and point options are available from SunTrust Mortgage. The SunTrust Mortgage rates are subject to change, SunTrust Mortgage rates can change daily or in volatile markets even on an intraday basis
SunTrust Mortgage offers fixed and adjustable rate mortgages for conforming loan amounts and jumbo loans as well as FHA loans and VA home loans, loans for first time home buyers, home loans for refinances and more.
SunTrust Bank is one of the top ten largest banks in the U.S. The bank operates over 1,600 retail bank branches and 2,900 ATMs. Bank branches are located primarily in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia.
To apply for a new mortgage loan or discuss current SunTrust Mortgage rates at SunTrust Mortgage, a mortgage customer service representative can be reached at 1-800-634-7928.
Bank FHA Mortgage Rates November 3rd, 2010
FHA mortgage rates from the top FHA bank mortgage lenders moved lower mid week. FHA mortgage rates today started moving back down after the midterm election results and the Fed comments on monetary easing. The average rate on a 30 year FHA mortgage rate from the top 5 bank mortgage lenders was lower by five basis points or 5/100’s of a percent. The average FHA mortgage rate closed November 3rd, 2010 at 4.25 percent.
The average origination points charged to obtain the bank mortgage lender to obtain the rates moved slightly higher. The average points charged on the 30 year FHA mortgage was 0.70 points, up from 0.65 points in the previous week.
Mortgage backed security prices, which move in the inverse direction of mortgage rates, were up 6/32 at the close of day. The result of rising prices is lower mortgage rates. Minor changes in mortgage backed securities such as this can be quickly reversed when the market opens; however, these changes in mortgage backed security prices lead to only small changes in mortgage rates.
The top five bank FHA mortgage lenders in the survey of FHA mortgage rates put forward the following 30 year mortgage rates, points and APRs for November 3rd, 2010:
Wells Mortgage FHA mortgage rate dipped down to 4.125% and 1.0 point for a 4.361% APR on the 30 year loan.
Bank of America FHA mortgage rate tumbled .25% to 4.00% with 0.75 points and a 4.099% APR on the 30 year home loan.
US Bank mortgage rates on a 30 FHA loan went in the wrong direction and increased slightly to 4.375% with no points and a 4.879% APR.
SunTrust mortgage FHA loan rate was unchanged at 4.125% with 1.75 points for an APR of 4.823%.
HSBC Mortgage FHA rate for a 30 year term was also unchanged at 4.625% with no points and a 4.804% APR.
The FHA mortgage rates, points and APRs listed from the bank mortgage lenders in the weekly survey are for owner occupied single family properties in California with a loan amount of approximately $250,000.00. The bank FHA mortgage rates listed are current as of this publication date but are subject to change by the mortgage lenders at anytime.
All mortgage loans require bank approval, additional conditions and some restrictions may apply which may also alter the mortgage rates, points and APR offered by the mortgage lenders on specific loan requests.
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.
FHA Mortgage Rates October 20, 2010
FHA mortgage rates from the top five bank mortgage lenders remained unchanged mid week. The average 30 year FHA mortgage rate in the Findlocalmortgagerates.com bank mortgage rate survey performed on October 20th remained at 4.30 percent. This is the same rate found in the survey one week ago on October 15.
The average loan points charged by the top five bank mortgage lenders fell for the week by just over 20 basis points or 20/100 of a percent. The average points charged to obtain the 4.30 percent FHA mortgage rate was 0.65 points leading an average loan APR of 4.642 percent.
Mortgage rates headed higher at the end of last week, but as this week started to unfold, Treasury rates and mortgage rates gave back some of their gains in yield. By the close of Wednesday, FHA mortgage rates had come right back down to where they were on the previous Wednesday.
The top five bank FHA mortgage lenders in the survey of FHA mortgage rates put forward the following 30 year mortgage rates, points and APRs for October 20, 2010:
Wells Mortgage FHA mortgage rate was unaltered with a rate of 4.25% and 1.0 point and a 4.488% APR on the 30 year term loan.
Bank of America FHA mortgage rate for the 30 year held steady at 4.25% with 0.625 points and an APR of 4.356% on the 30 year home loan.
SunTrust mortgage FHA loan rate remained at 4.125% with the points charged falling to 1.625 point for a 4.812% APR.
US Bank mortgage rates on a 30 FHA loan followed the leaders and stayed at 4.25% with no points and a 4.75% APR.
HSBC Mortgage FHA rate also refused to budge with rate of 4.625% with no points and a 4.804% APR.
The FHA mortgage rates, points and APRs listed from the bank mortgage lenders in the weekly survey are for owner occupied single family properties in California with a loan amount of approximately $250,000.00. The bank FHA mortgage rates listed are current as of this publication date but are subject to change by the mortgage lenders at anytime.
All mortgage loans require bank approval, additional conditions and some restrictions may apply which may also alter the mortgage rates, points and APR offered by the mortgage lenders on specific loan requests.
Top Bank Mortgage Rates October 11th, 2010
Bank mortgage rates absolutely plummeted last week. Even though mortgage rates have been on a rather steady slide downwards for better part of 2010, last week’s rate drop was significant and is all that more surprising based on the low rates that the week started with. For this week’s mortgage rate analysis, skip the summary and scroll down to the current mortgage rates to see what the nation’s largest banks are offering.
The average 30 year mortgage rate from the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com mortgage fell by twenty basis points, ending the week at 4.225 percent. The average 15 year mortgage rate was down by just over 13 basis points, closing the week at 3.675 percent.
The average point charged by the bank mortgage lenders in the weekly survey was also lower on the week. The average points charged on the 30 year home loan moved down to.45 points while the average points charged to obtain the 15 year mortgage moved down to an average of 0.40 points.
The mortgage rates survey results from the top five bank mortgage lenders for the week ending October 8th included the following 15 year and 30 year mortgage rates, points and APR’s:
Wells Mortgage rates on a 30 year mortgage closed at 4.00% with 1.0 point and a 4.151% APR, the 15 year mortgage rate closed at 3.375% with 1.0 point and a 3.639% APR.
Chase Mortgage rates on a 30 year mortgage was 4.375% and 0.125 points with a 4.440% APR while the 15 year loan closed at 3.875% with 0.00 points and 3.969% APR.
US Bank mortgage rates on a 30 year loan came in at 4.25% with zero points and a 4.313% APR and the 15 year had a rate of 3.75% with no points and a 3.860% APR.
Bank of America mortgage rates were 4.125% with 0.875 points and a 4.242% APR for a 30 year home loan and 3.50% with 1.0 point and a 3.726% APR for the 15 year mortgage.
Citibank mortgage rates on a 30 year was 4.375% with 0.25 points and a 4.549% APR and the shorter term, 15 year mortgage rate came in at 3.875% with no points for a 4.10% APR.
The mortgage rates and points listed from the top five bank mortgage lenders are current as of the survey date, October 8nd, 2010. All mortgage interest 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 these conditions and more.