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 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.
Bank Mortgage Lender Rates in Texas
Home buyers in Texas have a wide choice of options to help finance a home purchase. To help select a bank mortgage lender in Texas, Findlocalmortgagerates.com provides the following survey of conventional and FHA mortgage rates in Texas from two of the largest bank mortgage lenders in the U.S., Bank of America and US Bank, and two Texas based bank mortgage lenders, American State Bank and Amarillo National Bank.
This survey, which includes Texas mortgage rates on 30 year conventional fixed rate home loans and FHA mortgage rates, is designed to help prospective home buyers narrow down their search for the best mortgage lender.
Buyers looking for a home loan that requires less of a down payment may want to consider an FHA mortgage but should compare both conventional and FHA loan types to determine which financing type may be the most appropriate.
An FHA insured and guaranteed mortgage loan are designed to make purchasing a home easier with more affordable down payment and cost options, especially for the first-time home buyer. FHA loans feature lower down payments and higher qualifying ratios than most conventional mortgages. There are some limits to the amount of money that can be borrowed with an FHA loan. The fixed rate loan option provides borrowers with a fixed interest rate over the term of the loan.
The results of the mortgage rate survey include:
American State Bank offers a 30 year fixed FHA mortgage rate at 4.75% with no points and an APR of 4.832%.
The 30 year conventional home loan rate in Texas from American State Bank is also at 4.75% with no points and an APR of 4.832%.
Amarillo National Bank offers a 30 FHA mortgage rate in Texas at 4.625% with zero points and a 5.042% APR.
The conventional 30 year fixed rate mortagge from Amarillo National Bank is at 4.75% with no points and a 4.786% APR.
A FHA mortgage from Bank of America on a 30 year fixed rate loan has a rate of 4.50% with 0.75 points and a 4.596% APR.
Bank of America mortgage rate in Texas on a 30 year fixed rate conventional loan is 4.75% with 1.0 point and an APR of 4.868%.
US Bank offers a 30 year FHA home loan in Texas with a mortgage rate of 4.875% and no points with an APR of 5.402%.
The 30 year conventional mortgage rate from US Bank is 4.75% with zero points and an APR of 4.815%.
All Texas mortgage rates listed are current as of this publication date but are subject to change without notice. All loans are subject to bank approval and additional conditions will apply. Not all mortgage applicants will qualify for these rates. Additional mortgage rates and point options are available from these mortgage lenders in Texas. Review the current mortgage rates and costs with each mortgage lender before committing to a final loan request.
American State Bank mortgage center can be reached at 806-767-8260. American State Bank offers mortgage loans in Texas and New Mexico.
Amarillo National Bank and an ANB Mortgage loan representative can be reached at 806-378-8000.
US Bank mortgage rate information can be obtained by calling the bank at 800-365-8544.
Bank of America Home Loans can be reached at 800-586-9861.
Mortgage Rates in Texas with Amegy Mortgage
Finding mortgage rates in Texas is not difficult with the plethora of mortgage lenders and banks offering mortgage loans in the Lone Star state. Among the long list of mortgage lenders is Amegy Mortgage headquartered in The Woodlands, Texas.
Amegy Mortgage is a wholly owned subsidiary of Amegy Bank of Texas. This mortgage lender offers a wide assortment of different loan programs. Amegy Mortgage services include the origination and servicing of commercial and multifamily real estate loans, single family residential loans, and single family construction loans. The mortgage lender offers single family home loan products with competitive mortgage rates throughout Texas.
The mortgage lender has an online pre-qualification process for those prospective borrowers not sure how much of home they can afford or if they qualify for a mortgage refinance.
The main loan products offered by Amegy Mortgage in Texas are fixed rate loans. Fixed rate mortgage loans are one of the most popular loan options and are especially in demand when interest rates are low. Fixed rate mortgages result in a monthly mortgage payment of principal and interest that does not change over the life of the loan.
A 30 year fixed rate loan provides a low monthly payment without the high interest costs of longer term home loans. The 15 year fixed rate loan has a higher monthly mortgage payment but generally offers a slightly lower interest rate and substantial interest savings over the life of the loan.
A sample of the current mortgage rates available in Texas from Amegy Mortgage includes:
A 30 year fixed rate mortgage rate in Texas is 4.875% with no points and an APR of 5.002%.
A 15 year fixed rate mortgage rate is 4.250% with no points and an APR of 4.467%.
These sample Texas mortgage rates are based a 20% down payment for a single family home with a borrower that has excellent credit. Mortgage rates are subject to change and additional conditions will apply to obtain these rates. Texas mortgage interest rates and fees will be based on the borrower’s credit history, down payment, income, and other factors and may be different than the mortgage rates listed above.
The interest rates, annual percentage rates (APRs) and points shown are subject to change without notice. For additional mortgage programs and Texas mortgage rates, contact an Amegy Mortgage representative at: 281-297-7800 or 877-562-6662.