Top Bank Mortgage Rates February 14, 2011
While the U.S government struggles on how to reform housing finance with FNMA and FHLMC, bank mortgage rates pushed on ahead with another week of rising rates. Thankfully this most recent rate increase was comparatively mild.
Mortgage rates from the top bank mortgage lenders increased by just a few basis points on the 30 year home loan but increased more significantly on the 15 year term loan. These rate changes reflected actions in bond market where prices on long term bonds were little changed on the week while midterm bond prices dipped rather substantially pushing bond rates higher for shorter term mortgage loans.
Findlocalmortgagerates.com weekly mortgage rate survey indicated that mortgage rates from the top five bank mortgage lenders on the 30 year fixed rate home loan increased to 5.175 percent from 5.150 percent the week earlier.
The rate on the 15 year fixed rate loan leaped by more than 12 basis points moving up to 4.425 percent from 4.30 percent in the previous week.
The weekly survey has been expanded to include 20 year mortgage rates and FHA mortgage rates. The average 20 year mortgage rate ended the week at 5.025 percent and the for a 30 year FHA mortgage rate closed out at 4.975 percent.
The average points by the bank mortgage lenders in the survey were up slightly for the 30 year term loan with an average of 0.525 points while the average points charged on the 15 year mortgage dropped down to 0.45 points.
Bank mortgage rates from the top five bank mortgage lenders in this week’s mortgage rate survey ending February 11, 2011 included the following 15 year and 30 year mortgage interest rates, points charged and mortgage loan APR’s:
Wells Mortgage rates came in at 5.125% with 1.0 point and a 5.287% APR on the 30 year mortgage while the Wells Mortgage 15 year loan had a rate of 4.375% with 1.0 point and a 4.647% APR.
US Bank mortgage rates for the 30 year loan closed at 5.250% and zero points and a 5.317% APR and the 15 year mortgage rate ended at 4.500% with zero points and a 4.612% APR.
Bank of America mortgage rates for a 30 year loan was 5.000% and 1.0 point for a 5.138% APR and the 15 year mortgage rate was 4.250% with 0.875 point for a 4.467% APR.
Citibank’s 30 year mortgage rates ended at 5.25% with 0.25 points and a 5.339% APR while the 15 year mortgage rate with the bank was 4.500% with 0.25 points and a 4.649% APR.
Chase Bank mortgage rates for the 30 year were 5.25% and 0.375 points for an APR of 5.341% and the 15 year mortgage rate was 4.500% with 0.125 points for an APR of 4.615%.
The mortgage interest rates, points and APRs listed are current as of the survey date on February 11, 2011. All mortgage interest rates, points and APRs are subject to change and all home loans require bank approval.
The mortgage interest rates, points and APRs included in the survey are retrieved directly from the bank mortgage lenders based on a California single family purchase with a loan amount of $250,000.00 and a 20% down payment. The bank mortgage rates listed and are believed to be accurate and reliable when placed on this site, but we cannot guarantee their accuracy.
Additional mortgage rates and point options are available from the lenders in the survey including mortgage rates in other states and regions from mortgage rates in California to mortgage rates in Illinois, mortgage rates in Florida, mortgage rates in Ohio, mortgage rates in Maryland and more.
Bank Mortgage Rates February 7, 2011
Mortgage rates from the top bank mortgage lenders increased fairly significantly for the week ending February 4, 2011.
Mortgage rates have been trending higher but have remained in a very narrow range since the start of the year. Weekly mortgage rates changes have moved moderately week over week with end result leaving mortgage rates moderately higher than they were at the start of 2011. This week’s mortgage interest rate climb was more severe for both short term and long term mortgage loans.
Findlocalmortgagerates.com weekly rate survey indicated that mortgage rates from the top five bank mortgage lenders closed measurably higher for the both 30 year fixed rate home loan as well as the 15 year fixed rate loan.
The average rate for a 30 year fixed rate mortgage increased by over 25 basis points from the previous week’s close while the average 15 year mortgage rate increased by 15 basis points.
The average mortgage rate from the top five bank mortgage lenders for a 30 year fixed rate mortgage closed the week at 5.15 percent. The average mortgage rate from the top five bank mortgage lenders for a 15 year fixed rate mortgage closed the week at 4.30 percent.
The average points in the mortgage rate survey were unchanged for the 30 year term loan with an average of 0.475 points and the average points charged on the 15 year mortgage increased to 0.675 points.
Bank mortgage rates from the top five bank mortgage lenders in this week’s survey ending February 4th, 2011 included the following 15 year and 30 year mortgage interest rates, points charged and mortgage loan APR’s:
Citibank’s 30 year mortgage rates ended the week at 5.25% with 0.125 points and a 5.328% APR while the 15 year mortgage from Citibank closed at 4.375% with 0.375 points and a 4.542% APR.
The Chase Bank 30 year mortgage rate came in at 5.25% and 0.375 points for an APR of 5.341% and the 15 year mortgage rate was 4.375% with 0.375 points for an APR of 4.527%.
Wells Mortgage rates for a 30 year term increased to 5.125% with 1.0 point and a 5.287% APR while the 15 year term increased to 4.250% with 1.0 point and a 4.521% APR.
Bank of America mortgage rates for a 30 year loan was 5.000% and 0.875 points for a 5.118% APR and the 15 year mortgage rate was 4.125% with 1.625 point for a 4.443% APR.
US Bank mortgage rates rounded out the top five lenders and also had higher rates for the 30 year fixed rate loan and 15 year home loan. The US Bank 30 year mortgage rate closed at 5.125% and zero points and a 5.192% APR and the 15 year mortgage rate at US Bank ended at 4.375% with zero points and a 4.487% APR.
The mortgage interest rates, points and APRs listed are current as of the survey date on February 4, 2011. All mortgage interest rates, points and APRs are subject to change and all home loans require bank approval.
The mortgage interest rates, points and APRs included in the survey are retrieved directly from the bank mortgage lenders based on a California single family purchase with a loan amount of $250,000.00 and a 20% down payment. The bank mortgage rates listed and are believed to be accurate and reliable when placed on this site, but we cannot guarantee their accuracy.
Additional mortgage rates and point options are available from the lenders in the survey including mortgage rates in other states and regions from mortgage rates in California to mortgage rates in Illinois, mortgage rates in Florida, mortgage rates in Ohio, mortgage rates in Maryland and more.
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