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.
Bank Mortgage Rates November 15, 2010
Mortgage rates shot up at the end of last week just as the Fed started their purchase program of $600 billion in new Treasury bonds. Along with Treasury rates, mortgage rates moved higher almost in lock step with the Treasury rate increases.
At the end of the week, the ten year Treasury rate moved up from a yield of 2.58 percent on November 5th to 2.76 percent on November 12th, an increase of 18 basis points or 18/100’s of a percent.
Mortgage rates from the top five bank mortgage lenders closed higher for the week on both the 30 year fixed rate mortgage and 15 year fixed rate mortgage by almost the identical amount as the 10 year Treasury.
The 30 year fixed rate mortgage surveyed by Findlocalmortgagerates.com closed the week at 4.45 percent up from 4.225 percent in the previous week while the 15 year mortgage rate climbed to 3.850 percent from 3.625 percent during the preceding week.
The points charged by the bank mortgage lenders in the survey on these rates ended a hair lower for the 30 year mortgage and higher on the 15 year. The average mortgage loan points charged on the 30 year loan was 0.525 points as was the points charged on the 15 year loan.
The current bank mortgage rates tracked by Findlocalmortgagerates.com from the top five bank mortgage lenders for the week ending November 12th included the following 15 year and 30 year mortgage rates, points and APR’s:
Chase Mortgage rates were up more than the average with a 30 year loan at 4.625% and 0.25 points for a 4.702% APR and the 15 year mortgage rate at 4.00% with no points and a 4.095% APR.
Bank of America mortgage rates were moderately higher on the 30 year and considerably higher on the 15 year loan. The Bank of America 30 year mortgage rate ending the week at 4.250% with 1.25 point and a 4.403% APR and the 15 year mortgage rate at 3.625% with 1.50 points and a 3.932% APR.
Citibank mortgage rates jumped substantially on the 30 year and 15 year with the Citibank 30 year mortgage rate coming in at 4.625% with 0.125 points for a 4.779% APR and the 15 year mortgage rate moving to 4.125% with 0.125 points for an APR of 4.389%.
Wells Mortgage rates also moved more measurably on the 15 year as opposed to 30 with the 30 year rate closing the week at 4.25% with 1.0 point and a 4.403% APR and the 15 year mortgage rate ending at 3.625% with 1.0 point and a 3.891% APR.
US Bank mortgage rates had the slimmest increase in rates. The US Bank 30 year mortgage rate increased to 4.50% and no points with an APR at 4.564% and the 15 year inched up to 3.875% with no points and an APR of 3.985%.
The mortgage rates and points listed from the top five bank mortgage lenders are current as of the survey date, November 12th, 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 Rates November 8, 2010
Bank mortgage rates showed a modest decrease for the week ending November 5th, 2010. Mortgage rates from the top five bank mortgage lenders closed lower for both the 30 year fixed rate home loans and 15 year fixed rate loan.
The 30 year fixed rate mortgage from the top bank mortgage lenders closed the week at 4.225 percent while the 15 year mortgage rates dropped down to 3.625 percent at week’s end.
The average points charged by the banks were moderately higher for the 30 year and just a fragment lower on the 15 year mortgage.
The average points charged by the bank mortgage lenders on the 30 year were 0.55 points. The average points charged on the 15 year was 0.45.
The lowest of the mortgage rates today on the 30 year came from Wells Mortgage with a rate of 4.00 percent and 1.0 point. Wells Mortgage rate on the 15 year was also the low 15 year rate for the week at 3.25 percent with 1.0 point.
The current bank mortgage rates tracked by Findlocalmortgagerates.com from the top five bank mortgage lenders for the week ending November 6th included the following 15 year and 30 year mortgage rates, points and APR’s:
As stated above, Wells Mortgage rates on the 30 year is 4.00% with 1.0 point and a 4.151% APR and the 15 year mortgage rate was 3.25% with 1.0 point and a 3.514% APR.
Chase Mortgage rates dropped measurably on the week. The Chase mortgage rate for a 30 year loan moved down to 4.375% and 0.375 points for a 4.462% APR and the 15 year dipped to 3.875% with no points for a 3.969% APR.
Bank of America mortgage rates were modestly lower for the 30 year and appreciably lower on the 15. The Bank of America 30 year mortgage rate came in at 4.125% with 1.125 point and a 4.249% APR while the Bank of America 15 year mortgage rate was 3.375% with 1.125 points and a 3.596% APR.
US Bank mortgage rates dropped for 30 year and stayed pat on the 15. The US Bank 30 year mortgage rate was 4.25% and no points with an APR at 4.313% and the 15 year held at 3.75% with no points and an APR of 3.860%.
Citibank mortgage rates were lower on both terms. The Citibank 30 year mortgage rate was knocked down to 4.375% with 0.25 points for a 4.549% APR and the 15 year Citibank mortgage rate moved to 3.875% with 0.125 points for an APR of 4.137%.
The mortgage rates and points listed from the top five bank mortgage lenders are current as of the survey date, November 5th, 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 APRsincluded 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.
Bank Mortgage Rates October 18th, 2010
Mortgage rates from the largest bank mortgage lenders moved higher for the week ending October 15th. This is the first measurable mortgage rate increase in several weeks. Both, the 30 year fixed rate loan and 15 year fixed rate mortgage loan rates increased substantially during the week.
The average 30 year mortgage rate from the top five bank mortgage lenders surveyed by Findlocalmortgagerates.com mortgage closed the week with a rate of 4.425 percent. The average points charged on the 30 year term loan fortunately, moved lower to an average of 0.375 points. The average 15 year mortgage rate in the survey moved up to 3.825 percent while the average points charged increased to 0.425 points.
The mortgage rates survey results from the top five bank mortgage lenders for the week ending October 15th included the following 15 year and 30 year mortgage rates, points and APR’s:
Wells Mortgage rates on a 30 year mortgage moved up to 4.125% with 1.0 point and a 4.277% APR and the 15 year mortgage rate remained unchanged at 3.375% with 1.0 point and a 3.639% APR.
Chase Mortgage rates on a 30 year mortgage jumped to 4.625% and 0.125 points for a 4.691% APR while the 15 year mortgage rate was just modestly higher at 4.00% with 0.125 points and 4.113% APR.
US Bank mortgage rates were up modestly with the 30 year loan having a rate of 4.375% and no points for a 4.439% APR and the 15 year rate going up to 3.875% with no points and an APR of 3.985%.
Citibank mortgage rates pushed up on the 30 year to 4.625% with 0.125 points for a 4.779% APR and the Citibank 15 year loan was boosted up to 4.125% and no points resulting an APR of 4.352%.
Bank of America mortgage rates increased by .25% on both the 30 year and 15 year loan with the 30 year mortgage rate going to 4.375% with 0.625 points and a 4.477% APR and the 15 year rate coming in at 3.75% with 1.0 point and a 3.986% 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, 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.
Ohio Mortgage Rates September 28, 2010
A snapshot of bank mortgage lenders in Ohio and Ohio mortgage rates.
With Mortgage rates holding at all time low levels, potential homeowners and existing homeowners should be comparing rates to find out the benefits of homeownership or the savings with a mortgage refinance. Since a mortgage loan is the biggest financial obligation most individuals will incur, it only makes sense to shop and compare rates.
Each week, Findlocalmortgagerates.com surveys the top five bank mortgage lenders in the nation and the top FHA mortgage lenders to provide a snapshot of mortgage rates and terms available. Periodically, we produce a snapshot of mortgage rates in a specific sate. Today, we highlight mortgage rates and bank mortgage lenders in Ohio.
Though, home loan underwriting or loan approvals have become considerably more stringent, most bank mortgage lenders will prequalify a borrower for little or no charge. Existing homeowners, regardless of how long they have owned their home, may be eligible for a refinance in Ohio at todays near record low mortgage rates.
Today’s Ohio mortgage rates survey includes the home loan rates from Third Federal Savings and Loan, mortgage rates offered by Huntington Bank’s Huntington mortgage division and mortgage rates from Ohio Valley Bank.
Huntington Bank offers a 30 year mortgage rate in Ohio at 4.00% with 1.0 point and a 4.251% APR. The 15 year mortgage rate from Huntington Mortgage is at 3.50% and 1.0 point for a 3.964% APR.
Ohio Valley Bank offers a 30 year mortgage rate in Ohio at 4.375% with no points and a 4.448% APR. The 15 year Ohio mortgage rate from Ohio Valley Bank is at 3.75% with no pints and an APR at 3.876%.
Third Federal Savings and Loan Ohio mortgage rates includes the 30 year loan at 4.39% with zero points and a 4.481% APR and a 15 year mortgage loan with an interest rate of 3.89% with zero points and an APR of 4.048%.
For the bank mortgage rates listed, one point is equivalent to 1% of the loan amount. The mortgage interest rates, annual percentage rate (APRs) and discount points shown from Ohio mortgages are subject to change without notice.
The listed Ohio mortgage rates assume a 20% down payment. Down payment, credit, property value as well as property location are all factors that can determine the effective mortgage rate.
Mortgage rates in Ohio listed above are subject to change without notice. All loans are subject to credit approval and bank lender underwriting.
Other loan terms and pricing options are available from these bank mortgage lenders.
Huntington Bank can be reached at 1-800-562-6871.
Ohio Valley Bank which offers mortgages, home equity, construction, auto, and personal loans can be reached at 1-877-893-2265.
Third Federal Savings and Loan has 22 full service branches in Northeast Ohio, eight lending offices in Central and Southern Ohio, and 17 full service branches throughout Florida and can be reached at1-800-844-7333.
Mortgage Rates in Ohio May 20, 2010
This week’s midweek mortgage rates survey is on 30 year fixed rate mortgages and 15 year fixed rate mortgages in Ohio. The mortgage rates listed come from two of the largest bank mortgage lenders based in Ohio, Third Federal Savings and FirstMerit Bank, as well as two of the largest bank mortgage lenders in the nation, Chase Bank and Bank of America.
These are mortgage rates for 15 and 30 year fixed rate home loans. A fixed rate mortgage has an interest rate that won’t change for the life of the loan which provides a secure fixed interest rate and payment.
The following mortgage rates in Ohio are for May 20, 2010.
Third Federal offers a 30 year fixed rate mortgage with a rate of 4.60% and no points with a 4.692% APR.
Third Federal offers the 15 year loan with a mortgage rate of 3.95% and no points and an APR of 4.108%.
The mortgage rates in Ohio are available with the bank’s automatic account payment program.
FirstMerit Bank has a 30 year fixed rate home loan with an interest rate of 4.75% with no points and a 4.829% APR.
FirstMerit’s 15 year mortgage rate in Ohio is at 4.125% with no points and 4.259% APR.
Bank of America Home Loans current 30 year mortgage rate in OH is 4.75% with 1.0 point and a 4.866% APR.
Bank of America promotes a 15 year mortgage rate at 4.125% and 0.875 points with a 4.306% APR.
Chase Bank mortgage rates in Ohio for a 30 year are at 4.875% with 0.25 points and a 4.953% APR while the 15 year mortgage rate is at 4.25% with 0.375 points and a 4.401% APR.
Listed Ohio mortgage rates assume a 20% down on a single family, owner occupied home. Mortgage rates for purchases with lower down payments and mortgage rates for refinance transactions are also available form these mortgage lenders.
The mortgage interest rates, annual percentage rates (APRs) and points shown are subject to change without notice.
Prospective borrowers can use the APRs listed as a guideline to shop for mortgage loans but borrowers should generally not depend solely on the APR in choosing the best home loan. The mortgage loan APR is an effective interest rate and not the actual interest rate that the loan payments are based on. The monthly mortgage payments will be based on the actual mortgage interest rate, the amount borrowed, and the term of the home loan.
These rates are for general comparisons, actual rates may vary best on down payment, credit, and property characteristics. For additional mortgage rate information from these lenders, the contact numbers are as follows:
FirstMerit Bank mortgage department number is 1-800-562-6694
Chase Mortgage can be reached at 1-800-873-6577
Bank of America Home Loans can be reached at 1-888-233-4124
Third Federal Savings customer service is available at 1-800-844-7333