Top Five Bank Mortgage Rates March 8, 2010
The top five banks ranked by assets include Chase Bank, Bank of America, Citibank, Wells Fargo Bank and US Bank. All five of these banks offer mortgage loans and mortgage rates in the majority of the states. Mortgage rates offered by these financial institutions provide a good barometer of prevailing mortgage rates and mortgage activity in the lending arena.
The following rates can help borrowers easily compare mortgage interest rates and product information to help find the right mortgage quickly and efficiently.
The rates are for mortgage loans based in California with a 20% or greater down payment for a single family, owner occupied home. If the down payment on a new home purchase is less than 20%, mortgage insurance may be required on the loan. The added cost of mortgage insurance could increase the APR as well as the monthly mortgage payment.
All loans would be subject to bank approval including a credit, income and assets. The mortgage rates were run on sample loan amounts of $175,000.00. Additional mortgage rates, point options and loan amounts are available from the mortgage lenders listed.
Chase Mortgage is currently offering a 30 year fixed rate home loan with mortgage rate of 5.25% and 0.125 points for an APR of 5.343%.
The 15 year fixed rate loan offered by Chase has a mortgage rate of 4.625% and 0.125 points for an APR of 4.782%.
Bank of America Home Loans promotes a 30 year loan with a mortgage rate of 4.875% with 1.0 point and an APR of 5.098%.
A 15 year term loan from Bank of America has a mortgage rate of 4.250% with 0.625 points and a 4.576% APR.
Citibank markets a 30 year home loan with a mortgage rate of 5.125% and 0.125 points for a 5.317% APR.
Citibank has a 15 year mortgage loan with an interest rate of 4.375% and 0.375 points with an APR of 4.773%.
Wells Fargo Home Mortgage markets their 30 year fixed with a mortgage rate of 4.875% and 1.0 point yielding an APR of 5.065%.
The 15 year fixed rate loan from Wells Fargo has a mortgage rate of 4.250% and 1.0 point with a 4.573% APR.
US Bank’s 30 year fixed rate mortgage has a mortgage rate of 5.125% and no pints with a 5.192% APR.
The 15 year fixed rate home loan at US Bank has a mortgage rate of 4.375% and no points and a 4.487% APR.
All rates are believed to be accurate and were verified on the date of this publication but interest rates are not guaranteed. For current mortgage rates and loan terms contact the mortgage lenders directly.
NJ Mortgage Rates with Atlantic Stewardship Bank
Good service combined with competitive mortgage rates with a local bank in New Jersey is not always easy to come across. Of the over 1000 state banks in New Jersey, Atlantic Stewardship Bank is one that offers good service and very competitive rates on mortgages in the state.
Atlantic Stewardship Bank is a New Jersey based bank that operates its main office in Midland Park, New Jersey, and has an additional twelve bank branch offices in the area.
Atlantic Stewardship Bank provides commercial and retail banking services to small and medium sized business and individuals in Bergen, Morris, and Passaic counties of New Jersey.
Atlantic Stewardship Bank offers a wide range of mortgage loan products and mortgage rates in NJ for home purchases or an existing mortgage refinance of a primary residence as well as for second homes and investment properties.
Residential mortgage loan products available in New Jersey from Atlantic Stewardship Bank include: conventional mortgages, jumbo mortgages on both fixed and adjustable rate mortgages as well as first time homebuyer’s program.
A sample of the current mortgage rates in New Jersey and mortgage loans offered by Atlantic Stewardship Bank include:
A 30 year fixed rate conforming loan on a loan amount of $100,000 to $417,000 has a mortgage rate in New Jersey of 5.000% with $450.00 in points and fees and an APR of 5.194%.
A 15 year fixed rate conforming loan on a loan amount of $100,000 to $417,000 has a mortgage rate of 4.375% with $450.00 in points and fees and an APR of 4.870%.
The rate on a 30 year jumbo mortgage with a loan amount of $750,000 to $1,500,000 has a mortgage rate in New Jersey of 5.750% with $0.00 in points and fees and an APR of 5.812%.
The bank offers a variety of adjustable rate mortgages including a 5/1 ARM that has mortgage rate in NJ of 4.375% with no points and an APR of 3.691%.
This is a sample of current mortgage rates in NJ by Atlantic Stewardship Bank, other rates, options and terms are available on some of the listed home loan products.
The NJ mortgage rates and annual percentage rates (APR) listed are based on a loan amount of $100,000 with a 20% or larger down payment on a single family owner occupied home with excellent credit. Mortgage rates are current as of this publication, rates are not guaranteed, all mortgage rates and mortgage loans in NJ offered by Atlantic Stewardship Bank are subject to change and bank approval.
For more information on mortgage programs and current mortgage rates offered by the bank call the Atlantic Stewardship Bank mortgage department for details at 1-877-844-2265.
Current FHA Mortgage Rates February 27, 2010
Findlocamortgagerates.com conducts a weekly survey of the top bank mortgage lenders. The results of this survey helps borrowers compare mortgage interest rates and product information from some of the largest U.S banks so consumers looking to purchase a new home or refinance can easily find the right mortgage that fits their needs.
The following list of mortgage loans and rates is a sample form the survey. These rates are for FHA loans or a mortgage that is backed by the Federal Housing Administration (FHA). FHA loans along with VA loans are generally referred to as government loans
The following list displays current interest rates for a sample of various combinations of mortgage rates and fees available on FHA loans from this week’s mortgage rate survey.
US Bank 30 year fixed rate FHA loan has a rate of 4.875% with one point and a 5.495% APR.
The same 30 year FHA loan from US Bank is available with a mortgage rate of 5.25% and no points and an APR of 5.792%.
Bank of America Home Loans offers a 30 year fixed rate FHA loan that has a mortgage rate of 4.875% and 1.375 points with an APR of 5.109%.
Wells Fargo Home Mortgage offers a 30 year fixed rate FHA home loan with a mortgage rate of 5.125% with one points and an APR of 5.85%.
HSBC Mortgage rate on a 30 year FHA is at 5.125% with no points and a 5.310% APR.
SunTrust Mortgage has a 30 year FHA home loans with a mortgage rate of 4.875% and 1 point resulting in a 5.425% APR.
The APR includes the interest rate, fees, points, certain closing costs and mortgage insurance. FHA mortgage rates, points and closing costs are subject to change without notice.
The preceding is a sample of programs and interest rates; other loans and rate options are available from the listed mortgage lenders. Rates listed are for purchases on owner-occupied single family primary residences. The accuracy of the home mortgage details is not guaranteed.
All loans are subject to bank approval. Some mortgage loan products may have geographic restrictions, other restrictions may apply and additional conditions will apply to obtain these home loans.
Mortgage Rates from the Big Five Banks February 26, 2010
The five largest U.S. banks, ranked by assets, are Chase Bank, Bank of America, Citibank, Wells Fargo and US Bank. The mortgage rates and mortgage loans presented by these five banks offer a good barometer of the home loans available in today’s mortgage market.
Findlocalmortgagerates.com conducts a weekly survey of the largest bank mortgage lenders and produces a sample of loan rates drawn from the survey.
Current mortgage rates offered by the top five lenders include:
Chase Bank mortgage loans:
30 year fixed rate loan has a mortgage rate of 5.125% and 0.50 points with a 5.227% APR.
15 year fixed rate loan has a mortgage rate of 4.500% and 0.375 points with a 4.690% APR.
A 5/1 adjustable rate mortgage has a mortgage rate of 4.250% and no points with a 3.598% APR.
Bank of America mortgage loans:
30 year fixed rate loan has a mortgage rate of 4.875% and 0.625 points with a 5.040% APR.
15 year fixed rate loan has a mortgage rate of 4.250% and 0.875 points with a 4.570% APR.
A 5/1 adjustable rate mortgage has a mortgage rate of 3.625% and 1.125 points with a 3.493% APR.
Citibank mortgage loans:
30 year fixed rate loan has a mortgage rate of 5.125% and no points with a 5.294% APR.
15 year fixed rate loan has a mortgage rate of 4.375% and 0.250 points with a 4.735% APR.
Wells Fargo mortgage loans:
30 year fixed rate loan has a mortgage rate of 4.875% and 1.0 point with a 5.065% APR.
15 year fixed rate loan has a mortgage rate of 4.250% and 1.0 point with a 4.573% APR.
A 5/1 adjustable rate mortgage has a mortgage rate of 3.750% and 1.0 point with a 3.519% APR.
US Bank mortgage loans:
30 year fixed rate loan has a mortgage rate of 4.875% and 1.0 point with a 5.029% APR.
15 year fixed rate loan has a mortgage rate of 4.250% and 1.0 point with a 4.511% APR.
A 5/1 adjustable rate mortgage has a mortgage rate of 3.375% and 1.0 point with a 3.678% APR.
On the adjustable rate loans listed, interest rates are subject to change and potential increases over the life of the loan once the initial fixed-rate period ends.
Mortgage rates listed are the rates for a single family, owner occupied residence with a down payment of 20% or greater, other restrictions and conditions may apply. Mortgage loans and mortgage rates are subject to bank approval and may change without notice.
The mortgage lenders listed may offer many different loan programs and different mortgage rate and point options. For more information on products or rates not listed, contact the lender directly.
Florida Mortgage Rates at Federal Trust Bank
Federal Trust Bank is a full service financial institution that provides banking services to individual and corporate customers in Florida. The bank is headquartered in Sanford, Florida and has 11 bank branch locations serving the Central Florida area.
Federal Trust Bank provides a variety of deposit and savings products and services including checking, savings, money market accounts; certificate of deposits; individual retirement accounts as well as a large lending portfolio that includes multi-family residential and commercial real estate loans; and construction, commercial, and consumer loans.
Federal Trust Bank offers several different home loans in Florida to choose from including competitively priced adjustable rate mortgages. The bank offers adjustable rate mortgages with a variety of mortgage rates in Florida and point options.
The conventional adjustable rate mortgage offers lower initial monthly mortgage payments than standard fixed rate mortgages allowing many borrowers to purchase a larger home or allows borrowers to benefit from a lower mortgage rate if they are anticipating a move by the end of the selected fixed term of the adjustable rate mortgage.
Current terms and mortgage rates in Florida offered by Federal Trust Bank include:
A 3 year adjustable rate mortgage has a mortgage rate of 4.375% with 0 points and an APR of 3.463%.
The 3 year adjustable rate mortgage with one point has a mortgage rate of 4.125% and an APR of 3.489%.
The bank’s five year adjustable rate mortgage has a mortgage rate of 5.00% and an APR of 3.859%.
The five year adjustable rate mortgage with one point has a mortgage rate of 4.75% and a 3.852% APR.
Mortgage loans and mortgage rates in Florida offered by Federal Trust Bank are subject to bank approval and additional conditions will apply. The interest rates, annual percentage rates (APRs) and points listed are subject to change without notice. The actual APRs will vary based on the mortgage loan applicant’s final loan amount and finance charges.
For current Florida mortgage rates and to find out more about financing options available from Federal Trust Bank, a bank representative can be reached at 800-226-2829.
Wisconsin and Minnesota Mortgage Rates at The RiverBank
The RiverBank offers a wide assortment of mortgage loans and mortgage rates in Wisconsin and Minnesota. The RiverBank is a Wisconsin based bank with bank branch locations in Wisconsin and Minnesota.
The RiverBank provides a combination of competitive home loan rates and low fees along with good customer service. Part of the customer service involves local loan servicing. With local customer service, The RiverBank mortgage department is available to assist consumers with questions regarding mortgage escrows, interest reporting, loan payment options and other home loan topics for home loans in Minnesota or home loans in Wisconsin.
The RiverBank offers mortgage loans that range from simple fixed rate loans to adjustable rate loans and balloon loans. Home loans are available for borrowers buying their first home or for investment properties.
The conventional fixed rate loan offer financing up to 95% of a home purchase, provided the borrower qualifies for the limited down payment program, or 80% without the added cost of mortgage insurance.
These fixed rate programs may be available for a primary residence whether it is a purchase or a refinance or for a year-round second home. Fixed rate mortgages are also available on investment properties.
The bank offer the adjustable rate mortgages with various payment options and rate adjustments. These loans may be a good choice for a borrower that is looking for a low initial monthly payment and is willing to accept the risk and uncertainty of higher rates and payments in the future.
Current mortgage rates in Wisconsin and Minnesota offered by The RiverBank include:
30 year conventional fixed rate has a mortgage rate of 5.10% with 0 points and a 5.147% APR.
A 30 year fixed rate loan with one point has a mortgage rate of 4.95% and an APR of 5.085%.
A 20 year conventional fixed rate loan has a mortgage rate of 4.95% with 0 points and a 5.013% APR.
A 20 year fixed rate mortgage with one point has a mortgage rate of 4.75% and an APR of 4.933%.
The 15 year conventional mortgage has a mortgage rate of 4.45% with 0 points and a 4.529% APR.
The 15 year with one point has mortgage rate of 4.30% and a 4.530% APR.
A 1yr ARM with The RiverBank has a mortgage rate of 3.875% with 0 points and a 3.225% APR.
Mortgage rates are current as of the date of this publication and are subject to change without notice. All mortgage rates and mortgage loans are subject to bank approval and additional conditions will apply.
The interest rates and fees listed are available to borrowers with an excellent credit history on a single family, owner occupied property not requiring mortgage insurance. The actual mortgage rates and fees available on any particular loan will be based on the borrower’s credit history, income and assets and may be different than the rates displayed here.
To contact The RiverBank regarding current mortgage rates in Wisconsin or Minnesota mortgage rates and home loans, a bank representative can be reached at 888-294-2183. A mortgage loan application can also be filled out online at the bank website.
Mortgage Rates in Illinois with KeyBank
Home loans in Illinois are available from several mortgage lenders. Finding the best mortgage for a purchase or mortgage refinance in Illinois can be challenging. The one key tactic is to shop around, to compare costs and terms, and to negotiate for the best deal.
Shopping around for a home loan or mortgage will help you to get the best financing deal. KeyBank is one of the top twenty largest banks in the U.S. that offers competitive mortgage rates in Illinois.
KeyBank offers fixed rate loans that have repayment terms of 15, 20, or 30 years. The mortgage lender also offer variety of adjustable rate mortgages in Illinois.
Borrowers should compare all the costs involved in obtaining a mortgage and estimate how long they plan to own the home to determine whether an ARM is more appropriate than a fixed rate mortgage.
The following list is a sampling of the varying terms, products, and rates available for mortgage loans for purchases and refinances in Illinois through KeyBank on February 9, 2010. The mortgage rates are based on loan type, down payment, and location selections made for a single family, primary residence.
30 year fixed rate mortgage rate is 5.000% with 0.000% points and a 5.135% APR.
15 year fixed rate mortgage rate is 4.375% with 0.000% points and a 4.596% APR.
5/1 ARM mortgage rate is 4.250% with 0.375% points and a 3.653% APR.
30 year fixed FHA loan mortgage rate is 5.125% with 0.000% points and a 5.262% APR.
30 year jumbo loan mortgage rate is 7.375% with 0.000% points and a 7.513% APR.
Mortgage loan rates in Illinois may change daily. These interest rates and/or points are subject to change without notice by the bank, and may vary based on credit quality, loan amount, and property type. All home loan products offered by the bank are subject to credit approval.
The APRs for the listed loans assume a 20.00% down payment on the purchase of an owner occupied one unit dwelling and with no secondary financing. The APR may not include all closing costs.
For current mortgage rates in Illinois from KeyBank a mortgage representative from the bank can be reached at 1-800-422-2442.
Regions Mortgage Locations South Carolina
Regions Mortgage offers a variety of residential mortgage loans. Regions Mortgage is based in Birmingham, Alabama and operates as a subsidiary of Regions Financial. Regions Mortgage offers homebuyers and existing home owners loan products with fixed rates and adjustable rate terms, including FHA loans and VA home loans. The Regions Mortgage website provides timely mortgage rate information as well as an abundance of information on the mortgage loans that are available for both purchasing and refinances.
Regions Financial Corporation operates as the holding company for Regions Bank which provides a range of commercial, retail, and mortgage banking services. The bank operates approximately 1,900 full-service banking offices and 2,300 automated teller machines in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas, and Virginia.
Regions Mortgage locations in South Carolina:
Regions Mortgage
146 Sea Island Pkwy
Beaufort, SC 29907
843-525-8427 - Phone
843-524-1135 - Fax
Regions Mortgage
2 Lafayette Place
Hilton Head Island, SC 29926
843-342-2661 - Phone
843-342-2667 - Fax
Regions Mortgage
107 Chesterfield St S
Aiken, SC 29801
803-641-8690 - Phone
803-641-8696 - Fax
Regions Mortgage
112 Haywood Road
Greenville, SC 29607
864-289-2172 - Phone
864-289-2117 - Fax
Regions Mortgage
1200 Two Island Ct
Mount Pleasant, SC 29466
843-849-5798 - Phone
843-849-5799 - Fax
Regions Mortgage
1010 Gervais Street
Columbia, SC 29201
803-779-3836 - Phone
803-779-9214 - Fax
Regions Mortgage
170 Meeting Street
Charleston, SC 29401
843-937-4144 - Phone
Regions Mortgage
149 Columbiana Drive
Columbia, SC 29212
803-832-0221 - Phone
803-749-3478 - Fax
Regions Mortgage
216 E Main Street
Lexington, SC 29072
803-957-8454 - Phone
803-951-1981 - Fax
Regions Mortgage
1210 Ben Sawyer Blvd
Mount Pleasant, SC 29464
843-971-1291 - Phone
843-971-0548 - Fax
Regions Mortgage Locations Arkansas
Regions Mortgage is headquartered in Birmingham, Ala. Regions Mortgage is one of the largest residential mortgage loan originators and servicers in the U.S. Regions Mortgage is a part of Regions Financial which is the holding company for Regions Bank. Regions Mortgage has mortgage locations throughout the South, Midwest and Texas.
Regions Mortgage offers a wide variety of options for new home loan borrowers and those existing home owners that may be looking to refinance. Mortgage loan programs offered by Regions Mortgage include fixed rate home loans, adjustable rate mortgages, jumbo loans, FHA and VA loans. All of these mortgage loans also have various terms including standard 15 year and 30 year mortgages. And most all of the mortgage loans offered come with several different mortgage rate and point options to choose from.
Regions Mortgage locations in Arkansas:
Regions Mortgage
318 Hester Drive
Harrison, AR 72601
870-391-8200 - Phone
870-391-8290 - Fax
Regions Mortgage
835 Central Avenue
Hot Springs, AR 71901
501-624-8828 - Phone
501-624-8881 - Fax
Regions Mortgage
400 West Capitol, 2nd FL
Little Rock, AR 72201
501-371-6642 - Phone
501-371-7020 - Fax
Regions Mortgage
723 Garrison Avenue
Fort Smith, AR 72901
479-494-4617 - Phone
479-783-1956 - Fax
Regions Mortgage
5400 Rogers Avenue
Fort Smith, AR 72903
479-478-1200 - Phone
479-478-1270 - Fax
Regions Mortgage
800 South Shackleford
Little Rock, AR 72211
501-221-9364 - Phone
501-223-0869 - Fax
Regions Mortgage
106 South 2nd Street
Cabot, AR 72023
501-843-9344 - Phone
501-843-7051 - Fax
Regions Mortgage
201 S. Denver
Russellville, AR 72801
479-968-1234 - Phone
Regions Mortgage
696 Desoto Blvd.
Hot Springs Village, AR 71909
501-922-3706 - Phone
501-922-4420 - Fax
Regions Mortgage
5050 Northgate Road
Rogers, AR 72758
479-464-1272 - Phone
479-464-1284 - Fax
Regions Mortgage
4900 JFK Blvd
North Little Rock, AR 72116
501-753-7262 - Phone
501-758-3681 - Fax
Regions Mortgage
2400 East Highland
Jonesboro, AR 72401
870-974-5305 - Phone
870-974-5315 - Fax
Regions Mortgage
146 West South Street
Benton, AR 72015
501-315-2000 - Phone
501-303-2130 - Fax
Regions Mortgage
1465 Joyce Blvd
Fayetteville, AR 72703
479-684-5217 - Phone
479-684-5241 - Fax
Regions Mortgage
1023 Main Street and Chestnut
Conway, AR 72032
501-450-4651 - Phone
501-450-4788 - Fax
Regions Mortgage
1507 East Race Street
Searcy, AR 72143
501-230-5389 - Phone
501-268-3686 - Fax
Regions Mortgage
1141 East Main
Batesville, AR 72501
870-793-7551 - Phone
870-698-2237 - Fax
Regions Mortgage
2905 Prince Street
Conway, AR 72032
501-450-4725 - Phone
501-450-4647 - Fax
NY Mortgage Rates at Ridgewood Savings Bank
Ridgewood Savings Bank is headquartered in New York and has been offering banking products and services in New York since 1921. Among the many bank products and services offered by Ridgewood Savings Bank are a variety of consumer loans and home loans.
Ridgewood Savings Bank offers mortgage loans with fixed rates, adjustable rates and loans for mixed use properties. Home loans come with no application fee, there are options for no point mortgage originations and applicants can lock in a mortgage rate for up to 60 days with an option to float down to a lower mortgage rate should the mortgage market improve and the opportunity to lower the rate become available.
With a fixed rate mortgage from Ridgewood Savings Bank, a home loan borrower
knows the exact amount of the monthly principal and interest payments over the life the loan. Borrowers can choose terms ranging from 10 to 40 years. Current mortgage rates for fixed rate loans include:
Fixed rate mortgages offered by Ridgewood Savings Bank includes:
Conventional fixed rate mortgage with a 10 year term has a rate of 4.625% with 0 points and a 4.63% APR.
Conventional fixed rate mortgage with a 15 year term has a rate 4.625% with 0 points and a 4.63% APR.
Conventional fixed rate mortgage with a 20 year term has a rate 5.375% with 0 points and a 5.38% APR.
Conventional fixed rate mortgage with a 25 year term has a rate 5.50% with 0 points and a 5.50% APR.
Conventional fixed rate mortgage with a 30 year term has a rate 5.50% with 0 points and a 5.50% APR.
Ridgewood Savings Bank’s adjustable rate mortgages can offer an initial lower initial interest rate. With lower initial mortgage rate, the monthly payment will be lower in the early period of the loan. These loans also have interest rate caps at each adjustment period that limit the potential increase in mortgage payments. Current mortgage rates for adjustable rate mortgages include:
3/3 adjustable rate mortgage based on the LIBOR rate is 4.375% with o points and a 3.50% APR.
1/1 adjustable rate mortgage based on the one year Treasury bill is 4.875% with 0 points and a 3.27% APR.
3/1 adjustable rate mortgage based on the one year Treasury bill is 4.375% with 0 points and a 3.41% APR.
The annual rate cap on 1/1 through 5/1 adjustable rate mortgage products is 2%. The annual rate cap on 3/3 adjustable rate mortgage product is 2%. The lifetime cap on all adjustable rate mortgage products is 6% above the initial mortgage interest rate.
Ridgewood Savings Bank, rates displayed are available for owner occupied properties located in the five boroughs of New York, Nassau, Westchester, Suffolk, Putnam, Rockland and Fairfield Counties. Rates and terms are subject to change. Mortgage loans require bank approval and additional conditions will apply. For current mortgage rates and loan information, a bank representative can be reached at (866)-772-4111. Additional home loan products are available.