Compass Bank Mortgage Rates September 14, 2010
BBVA Compass offers mortgage loans with competitive mortgage rates on a variety of home loan products. BBVA Compass is headquartered in Birmingham, Alabama and operates more than 720 bank branches in seven states. BBVA Compass mortgage originates mortgage loans throughout Texas, Alabama, Arizona, California, Florida, Colorado and New Mexico.
Compass Bank mortgage rates are based on the geographic location of the property and the borrower. However, the mortgage rates offered by BBVA Compass Bank are often very similar within the states are served by the bank.
Compass Bank mortgage rates in Alabama include the 30 year fixed rate mortgage which has an interest rate of 4.25% with 1.0 point and an APR 4.365% as well as a 15 year fixed rate loan which has interest rate of 3.75% and 1.0 point for a 3.95% APR.
Compass Bank mortgage rates in Arizona are the same rates with the 30 year fixed rate mortgage at 4.25% with 1.0 point and an APR 4.365% and the 15 year at 3.75% and 1.0 point for a 3.95% APR.
Colorado mortgage rates are also equivalent to the other state mortgage rates as are the Compass Bank mortgage rates in California, New Mexico mortgage rates, Florida mortgage rates and Texas mortgage rates that are offered by the bank
Compass Bank mortgage allows new home buyers to apply for a mortgage before choosing the home to purchase. This allows the borrower to be prequalified and determine if they can be approved for a specific loan amount or loan program.
BBVA Compass has capitalized on their recent bank branch expansion and their strong capital position to offer a plethora of mortgage products. BBVA Compass Bank 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.
BBVA Compass is a subsidiary of Compass Bancshares, Inc., a wholly owned subsidiary of BBVA. BBVA is one of the largest financial services companies in the world with more than $785 billion in total assets, 48 million clients and 7,600 branches.
To apply for a new mortgage loan or discuss current mortgage rates at Compass Bank, a bank customer service representative can be reached at 888-853-6346.
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.
FHA Mortgage Rates Today September 12, 2010
Current FHA mortgage rates remained relatively stable this week in light of the measurable rise in Treasury rates that occurred over the past week. A gloomy outlook for the economy had been hurting stocks but helping bring money into Treasury bonds and mortgage backed securities, which brings down mortgage rates. This past week has seen the first sustainable rise in interest rates which is likely to product higher mortgage rates in the coming weeks.
As a result of the general rise in interest rates this week, FHA mortgage rates increased for the week but the magnitude of the change is quite mild. Today’s 30 year fixed rate FHA loan has an average interest rate of 4.550% with 0.675 points based on the survey of the top FHA mortgage lenders performed by Findlocalmortgagerates.com.
The top five bank FHA mortgage lenders in the weekly survey promoted the following 30 year FHA mortgage rates, points and APRs:
Bank of America mortgage rate for the 30 year FHA home loan is at 4.625% with 1.125 points and an APR of 4.786%.
The 30 year FHA loan at Wells mortgage has an interest rate of 4.375% and 1.0 point for an APR of 4.721%.
SunTrust mortgage rate for an FHA loans is at 4.375% with 1.25 points and an APR at 4.924%.
US Bank mortgage offers the 30 FHA mortgage with an interest rate of 4.75% with no points resulting in an APR of 5.271%.
HSBC Mortgage rate for an FHA loan with a 30 year term is at 4.625% with zero points and a 4.804% APR.
The total cost of a 30 year FHA mortgage remains above that of a 30 year conventional home loan however, the mortgage note rate ( excluding points and the APR ) on an FHA loan is now below that of the average 30 year conventional mortgage.
The FHA mortgage rates, discount points and APRs listed 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.
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 lender.
Today’s Wells Mortgage Rates
Today’s Wells Mortgage rates remained relatively stable after the bond market gyrated rather measurably over the past week. Wells Mortgage rates are some of the lowest mortgage rates among the top bank mortgage lenders. Wells Mortgage offers competitive mortgages rates for both buying a home and refinancing an existing home loan.
With the economy failing to move measurably higher and overall inflation expectations remaining low, bank mortgage rates are expected to stay within a tight range for the near future. Unfortunately, low mortgage rates from Wells Mortgages and other bank mortgage lenders have failed to help the battered housing market after the tax credit offered by Congress expired.
The vast majority of mortgage loans originated this year by Wells Mortgage and other major bank mortgage lenders are generated toward loans that can be sold and that meet the underwriting criteria of government supported agencies of Fannie Mae, Freddie Mac and the Federal Housing Administration.
Today’s Wells mortgage rates for home loans involved on a purchase transaction that meet the criteria of FNMA, FHLMC and FHA include the following mortgage rates and terms:
30 year fixed Wells Mortgage rate is 4.375% with 1.0 point and a 4.530% APR.
The 15 year Wells Mortgage rates is 3.750% with 1.0 point and a 4.017% APR.
A 30 year fixed rate FHA home loan from Wells Mortgage is 4.375% with 1.0 point and a 4.721% APR.
The 5 year adjustable rate mortgage from Wells Mortgage has a start rate of 2.75% with 1.0 point and a 3.138% APR.
When it comes to home loans for a refinance from Wells Mortgage, the mortgage rate is slightly higher. Wells mortgage rates for refinance transactions include the following mortgage rates and terms:
Wells Mortgage rates for a 30 year fixed rate refinance is at 4.50% with 1.0 point and a 4.656% APR.
The 15 year mortgage refinance rate is 3.875% with 1.0 point and a 4.143% APR.
A 30 year FHA refinance from Wells mortgage ahs a mortgage rate of 4.50% with 1.0 point and a 4.848% APR.
The 5 year adjustable rate mortgage for a mortgage refinance is 3.00% with 1.0 point and a 3.225% APR.
Wells Mortgage interest rates will vary according to the credit score, property location, down payment, loan amount and other factors. These mortgage rates are for customers with excellent credit scores with a 20% down payment on a single family owner occupied property.
The interest rates, annual percentage rates (APRs), discount points and costs shown are subject to change without notice. The APR for individual loan requests will vary based on the final loan amount and finance charges.
For more information on Well Mortgage loan products and Wells Mortgage rates for home buying or refinance transactions, a bank loan representative can be reached at 877-937-9357.
The Wells Mortgage rates listed are for mortgage loans in California however a quick check of today’s Wells Mortgage rates indicates that the Illinois mortgage rates, Florida mortgage rates, Massachusetts mortgage rates, New York mortgage rates, Texas mortgage rates, Pennsylvania mortgage rates, West Virginia mortgage rates, Ohio mortgage rates, Michigan mortgage rates, Georgia mortgage rates, North Carolina mortgage rates, Wisconsin mortgage rates and New Jersey mortgage rates from Wells Mortgage were same for the mortgage loan products listed.
Today’s FHA Mortgage Rates September 3, 2010
FHA mortgage rates ticked up modestly by the end of the week. Today’s average 30 year FHA mortgage rate moved up to 4.50% based on the most recent survey FHA mortgage rates performed by Findlocalmortgagerates.com. Earlier in the week the average 30 year FHA mortgage rate from the top bank mortgage lenders had fallen to 4.425%.
The average points charged by the top FHA mortgage lenders to deliver this rate was at 0.625 points. The average points charged has stayed in relatively tight range in the past 30 days with a high of .825 points and a low of .575 points. Today’s FHA mortgage rates survey showed the average points charged falling within a range of zero points on the low end and 1.375 points on the top end. The FHA mortgage interest rates ranged from 4.375% to 4.75%.
The top five bank mortgage lenders in this week’s survey, Wells Mortgage, US Bank Home Mortgage, Bank of America, SunTrust Mortgage and HSBC Mortgage offered the following 30 year FHA mortgage rates, points and APRs:
Wells mortgage 30 year FHA mortgage rate is 4.375% and 1.0 point with a 4.738% APR.
US Bank mortgage 30 year FHA mortgage rate is at 4.50% with zero points and a 5.01% APR.
Bank of America mortgage has a 30 year FHA with an interest rate of 4.75% with 0.75 points and an APR of 4.852%.
SunTrust mortgage rate is 4.375% with 1.375 points and an APR at 4.936% on the FHA 30 year home loan.
HSBC Mortgage offers the 30 year FHA loan with a mortgage rate of 4.50% with no points and an APR of 4.678%.
The FHA mortgage rates, discount points and APRs listed are for owner occupied single family properties in Illinois with a loan amount of approximately $200,000.00. The bank FHA mortgage rates listed are current as of this publication date but are subject to change.
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 lender.
Top Five Bank Mortgage Rates August 30th, 2010
Bank mortgage rates moved decidedly lower for the week ending August 27, 2010. Based on the survey of the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com, the average 30 year fixed rate home loan moved down to 4.65% while the average 15 year fixed rate home loan dropped to 4.15%.
The average points charged by the largest banks surveyed to obtain these rates was unchanged for the 30 year term mortgages at 0.425 points and was lower for the 15 year, falling to 0.375 points.
While both the 30 year mortgage and 15 year mortgage rate are down for the week, they are off of their lows reached during the week. The current 30 year fixed rate mortgage inched up slightly on August 27 when bond prices made a dramatic retreat and interest rates rose.
The results from the top five bank mortgage lenders in this week’s mortgage rate survey included the following 15 year and 30 year mortgage rates:
Wells Fargo mortgage rates included a 30 year loan at 4.25% with 1.0 point and a 4.403% APR while the 15 year loan is at 3.75% rate with 1.0 point and a 4.017% APR.
Chase Mortgage rates came in at 4.75% with 0.25 points and a 4.827% APR on the 30 year term home loan and 4.50% with no points for a 4.596% APR on a 15 year term.
Bank of America mortgage rates showed the 30 year at 4.875% with 0.75 points for a 5.005% APR and the 15 year at 4.25% with 0.875 points for a 4.491% APR.
Citibank mortgage rates were 4.875% with 0.125 points and an APR of 5.031% for the 30 year rate and 4.375% with zero points and a 4.603% APR on the 15 year mortgage loan.
US Bank mortgage rates for the 30 and 15 came in at 4.50% with no points and a 4.564% APR and 3.875% with no points and a 3.985% APR, respectively.
The bank mortgage rates, points and APRs listed in the Findlocalmortgagerates.com rate survey may vary depending on the credit, income, assets, geographic location and property of a particular loan.
The Findlocalmortgagerates.com rate survey is current as of August 27, 2010, however all mortgage rates are subject to change.
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
Top FHA Mortgage Rates August 27, 2010
Current FHA mortgage rates have fallen along with conventional mortgage rates. Current 30 year fixed FHA mortgage rates are now under 4.50%. The most recent survey of the top FHA mortgage lenders performed by Findlocalmorgagerates.com shows the average 30 year fixed rate FHA mortgage is now at 4.425% with an average of 0.65 points.
FHA mortgage loans continue gain in popularity. Since the credit/mortgage crisis of 2007, mortgage lender guidelines have become increasingly restrictive. The rigid down payment requirements, combined with the overall restrictive lending guidelines for conventional home loans have caused an increase in FHA mortgage originations for home purchases this year.
The strict credit restrictions for conventional loans has also limited refinance activity and is causing an increase in FHA refinances for both existing FHA loans that are being refinanced from lower mortgage rates and existing conventional loans that are being refinanced into FHA loans to take advantage of both lower FHA mortgage rates and less severe credit, income and loan to value requirements.
The top five bank mortgage lenders in the survey offered the following 30 year FHA mortgage rates, origination and discount points and APRs:
Wells mortgage rate for a 30 year FHA home loan is 4.25% and 1.0 point with a 4.673% APR.
US Bank mortgage rate for an FHA loan with a 30 year term is at 4.50% with zero points and a 5.01% APR.
Bank of America mortgage offers the 30 year FHA mortgage rate at 4.625% with 1.125 points and an APR of 4.786%.
SunTrust mortgage rate is 4.25% with 1.125 points and an APR at 4.783% on the FHA 30 year home loan.
HSBC Mortgage rate for an FHA loan is 4.50% with no points resulting in an APR of 4.678%.
The FHA mortgage rates, discount points and APRs listed are for owner occupied single family properties in Illinois with a loan amount of approximately $200,000.00. The bank FHA mortgage rates listed are current as of this publication date but are subject to change.
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 lender.
WV Mortgage Rates August 25, 2010
Compare WV mortgage rates from top bank mortgage lenders in WV and the top bank mortgage lenders. Before a potential mortgage loan borrower shops for the best mortgage and best mortgage rates in WV, the Findlocalmortgagerates.com survey of today’s WV mortgage rates offers a quick and easy guide to compare the average mortgage interest rates available.
The mortgages in this week’s survey of WV mortgage rates include loans from two of the largest bank mortgage lenders and two local bank mortgage lenders. Wells Mortgage rates in WV and Bank America mortgage rates in WV were surveyed along with two WV based banks, Progressive Bank mortgage rates in WV and WesBanco mortgage rates.
Progressive Bank, which is headquartered in Wheeling, West Virginia offers a 30 year fixed rate loan at 4.50% with no points and an APR of 4.532%. The 15 year mortgage rate from Progressive Bank is at 4.00% also with no points and an APR at 4.055%.
WesBanco, which is also headquartered in Wheeling, WV offers a mortgage rate for a 30 year is at 4.375% with zero points and a 4.408% APR. The 15 year loan from WesBanco has a mortgage rate of 3.75% with zero points resulting in a 3.808% APR.
Wells Mortgage rates in WV are 4.25% with 1.0 point for the 30 year and 3.625% with 1.0 point on the 15 year. The APRS are 4.421% for the 30 year term and 3.921 for the 15 year term.
Bank America mortgage rates in WV include the 30 year mortgage loan at 4.875% with 1.125 points for a 5.036% APR and a 15 year home loan at 4.375% with .75 points and a 4.594% APR.
The mortgage rates in WV listed assume the borrower has good credit and requires a 20% or greater down payment for a single family, owner occupied home. WV mortgage rates are current as of this publication date but are subject to change. These are a sample of the mortgage rates and mortgage loans offered by these bank mortgage lenders, additional home loan programs and rates are available. Mortgage rates for a specific mortgage loan request will be dependent on the property, credit, income and other factors that determine a loan approval.
Progressive Bank’s mortgage loan department can be reached at (304) 233-0060. Progressive Bank is a community bank in WV that operates nine bank branch offices. Progressive Bank operates three offices in Ohio County, one office in Brooke County, one office in Marshall County, one office in Wetzel County, one office in Upshur County, and one office in Lewis County.
WesBanco Bank operates 111 bank branch offices in the states of West Virginia, Ohio and Pennsylvania. The bank’s loan department can be reached at 877-682-7944.
Wells Fargo home mortgage can be reached at 877-937-9357.
Bank America mortgage is available at 800-586-9861.
South Carolina Mortgage Rates August 17, 2010
When it comes to home financing in South Carolina, there are many different options for mortgage borrowers to choose from. Mortgage loans with competitive mortgage rates in SC can be found at local South Carolina based banks as well as big national banks that offer mortgage services in the Palmetto State.
Determining which mortgage rates and bank mortgage lender to choose can be a complex process. Whether someone is buying their first home, refinancing and existing mortgage or making another home purchase, choosing the right mortgage loan and bank mortgage lender can save thousands of dollars and make the home loan process easy.
Findlocalmortgagerates.com has surveyed two SC based banks as well as two of the top ten largest bank mortgage lenders to compare mortgage rates in SC.
CapitalBank based in Greenwood, SC is the 11th largest bank based in SC. CapitalBankprovides a number of different mortgage loans that come with a combination of low rates and fees and local customer service.
CapitalBankmortgage rate for the 30 year fixed is at 4.25% with no points and a 4.374APR. A 15 year mortgage from CapitalBankhas a rate of 3.875% with no points and a 4.091% APR. There is a 1% origination fee collected on each loan from CapitalBankthat is not listed with the points charged.
First Reliance Bank is based in Florence, SC and is the 16th largest bank based in SC. First Reliance Bank mortgage rate in SC for a 30 year home loan is 5.375% with zero points and an APR of 5.404% while the shorter term, 15 year mortgage loan rate is at 5.00% with zero points resulting in a 5.05% APR.
The big bank mortgage lender rates in the survey come from Bank of America and Chas Bank.
Bank America mortgage rate in SC for a 30 year mortgage is at 4.875% with 1.125 points and a 5.015% APR and the 15 year mortgage rate is 4.25% with 1.0 point and a 4.473% APR.
Chase Mortgage rates in SC include the 30 year home loan with a rate of 5.00% and .125 points for a 5.062% APR and a 15 year home loan rate of 4.50% and zero points and an APR at 4.587%.
The mortgages interest rates in SC and costs listed are available to borrowers with an excellent credit history on single family owner occupied properties with a 20% down payment or greater. The actual mortgage interest rate and costs available will be based on the credit history, property and other factors and may be different than the mortgage rates displayed.
The South Carolina mortgage interest rates, annual percentage rates (APRs) and points shown are subject to change without notice.
CapitalBank operates 18 bank branches throughout upstate South Carolina; the bank can be reached at 877-941-2265.
First Reliance Bank serves Columbia, Charleston, and Florence markets in South Carolina with six bank branches and can be reached at 843-656-5000.
Bank of America mortgage department is available at 800-586-9861.
Chase Mortgage can be reached at 800-873-6577.
FHA Mortgage Rates August 17, 2010
Today’s 30 year fixed FHA mortgage rate is now at 4.50% according to the most recent survey of the top FHA mortgage lenders performed by Findlocalmortgagerates.com. The average points charged to obtain the 4.50% FHA mortgage rate from the bank mortgage lenders in the survey came in at 0.70 points.
FHA mortgage rates continue to remain at historic low levels along with conventional mortgage rates. High down payments and tougher bank lending standards continue to make it difficult for a number of consumers to take advantage of the current low mortgage rates in the conventional market, which is ultimately pushing more borrowers into FHA loans for both home purchases and refinance transactions.
The top five bank mortgage lenders that are included in the Findlocalmortgagerates.com FHA mortgage rate survey are Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage.
The results of the survey from these bank mortgage lenders with the 30 year FHA mortgage rate, origination and discount points and APR’s are listed below.
The Bank of America mortgage rate on a 30 year FHA loan is 4.625% with 1.25 points and an APR of 4.770%.
Wells mortgage rate for a 30 year FHA is 4.50% and 1.0 point for a 5.233% APR.
US Bank mortgage rate is at 4.50% with zero points and a 5.271% APR for a 30 year term FHA home loan.
SunTrust mortgage rate on an FHA 30 year is 4.25% with 1.25 points and an APR at 4.794%.
HSBC Mortgage rate is 4.625% with no points and a 4.804% APR for a 30 year FHA mortgage loan.
FHA loans remain available with a down payment as low as 3.5%. Though the lending criteria for FHA loans has tighten along with conventional mortgages, the credit requirements, income and asset requirements for FHA loans remain significantly more flexible.
The FHA mortgage rates, costs and APRs listed are for owner occupied single family properties with a loan amount of approximately $250,000.00. The bank mortgage rates listed are current as of this publication date but are subject to change. All mortgage loans require bank approval, additional conditions and some restrictions may apply.
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.